Please listen to American Wealth Management’s Laif Meidell and Heidi Foster discuss the latest events and trends across the markets in their weekly Macro Update. Mr. Meidell also serves as portfolio manager of the AdvisorShares Meidell Tactical Advantage ETF (NYSE Arca: MATH) and the AdvisorShares Market Adaptive Unconstrained Income ETF (NASDAQ: MAUI). ...
Highlights of the Prior Week A Dark Gray Swan? Macro In case you hadn’t heard, Donald Trump beat Hillary Clinton in the Presidential Election as he won the electoral college while narrowly losing the popular vote. By now this has been dissected politically every which way but there are some interesting market related concepts and reactions to consider. While the one candidate emerging as the winner in a two person race obviously does not meet the definition of black swan, it was enough of a surprise that we can invoke a little humor in calling it a dark gray swan. Based on polling and market oriented indicators (betting houses,...
By Roger Nusbaum, AdvisorShares ETF Strategist Cullen Roche had a post that took down the robo-advisor concept from the standpoint of it not taking a whole lot of effort for investors to create similar portfolios on their own without the extra layer of fees. He also notes that much bigger fish than the robo-only firms have been rolling out similar offerings with more to follow. The catalyst for Cullen’s post was news of a CEO change at Wealthfront which along with Betterment, are the two most well-known robo-advisory firms. To the extent the robo concept was new and potentially useful with the promise of profitability (it is both...
Mr. Gartman, editor and publisher of the Gartman Letter, joined us this morning to offer his immediate, candid perspective on the election’s outcome, the impact on the domestic and global markets, and emerging investment opportunities such as gold in euro terms. Listen here: Mr. Gartman also serves as a strategic advisor to both the AdvisorShares Gartman Gold/Euro ETF (NYSE Arca: GEUR) and the AdvisorShares Gartman Gold/Yen ETF (NYSE Arca:...
By Heather Rupp, CFA, Director of Communications and Research Analyst for Peritus Asset Management, Sub-Advisor of the AdvisorShares Peritus High Yield ETF (NYSE Arca: HYLD) Over the years we have spent a great deal of time discussing fundamental analysis and how important we believe it is in high yield investing. Fundamental analysis—digging into a company, understanding what they do, and evaluating the future outlook for the business—is at the core of what we do as active managers. However, market technicals also do have a place for us within our actively managed strategy. Over the past few years, liquidity within the high yield market became an area of focus...
Assets in actively managed ETFs followed the equity market lower, contracting by $78 million to $27.942 billion. There were no new funds launched which leaves the overall count at 157. Most fund providers lost very little ground last week with PIMCO’s $123 million decline being the glaring exception. For some context, First Trust was the second largest decliner with just $26 million. PowerShares added $80 million followed by $52 million into ProShares. The breakdown at the strategy level showed some larger moves. Alternative added $59 million and Alternative Bond brought in $53 million. Short Term Bond contracted by $69 million, Alternative Income lost $50 million and High Yield had...
Please listen to American Wealth Management’s Laif Meidell and Heidi Foster discuss the latest events and trends across the markets in their weekly Macro Update. Mr. Meidell also serves as portfolio manager of the AdvisorShares Meidell Tactical Advantage ETF (NYSE Arca: MATH) and the AdvisorShares Market Adaptive Unconstrained Income ETF (NASDAQ: MAUI). ...
Highlights of the Prior Week Cubs Win! Equities Lose? Macro Domestic equities have declined for nine days in a row which is the longest such streak since 1980. 1980?! The streak looked to end at eight on Friday until the indexes turned down with about 30 minutes left in the trading day. For the week the Dow Jones Industrial Average fell 1.49%, the S&P 500 gave up 1.93%, the NASDAQ dropped 2.77% and the Russell 2000 was down 1.97%. The selling was not panicked but there seems to be no catalyst right now especially considering the Presidential Election is now just a day away. Without expressing a political preference,...
Please join Mark Yusko, CEO and CIO of Morgan Creek Capital Management and Portfolio Manager of the AdvisorShares Morgan Creek Global Tactical ETF (GTAA), on Thursday, November 17th at 1:00pm EST/10am PST for Morgan Creek’s latest session of the Around the World with Yusko webinar series. Be sure to attend this upcoming webinar titled, Around the World with Yusko: A Black Swan Alights in Europe: Banking Crisis 2.0. Viewers may, and are encouraged to, submit questions during the event. If you would like to register for the webinar, please click...
