News Mentions & Press Releases

Non-Transparent ETFs: The Potential Impacts on the Market

October 4, 2019
Brenton Garen — ETF Trends

The non-transparent ETF structure continues to gain traction among active ETF managers who value the confidential nature of these investments.

Unlike typical ETFs, non-transparent ETF managers don’t have to disclose their fund’s investments every day. This preservation tactic helps to keep asset managers competitive by allowing them to differentiate their investment strategies and product offerings.

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October 1, 2019
TD Ameritrade — TDA Network

CLS Investments’ Chief Investment Officer, Marc Pfeffer, joined @OJRenick on the TDA Network to share his top ETF picks heading into the fourth quarter and the sectors he’s currently avoiding.

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U.S. stocks slid lower Friday, closing out a second week of losses, as investors weighed a report that the Trump administration is considering potential curbs on U.S. portfolio investments into China.

Investors also kept an eye on U.S. mixed economic data and the geopolitical implications of whistleblower complaint against President Donald Trump who is facing an impeachment inquiry in Congress.

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Disruptive technology, outstanding teamwork and best-in-class client service recognized at annual ceremony

OMAHA, Neb., SEPTEMBER 24, 2019—Orion Advisor Solutions, LLC (“Orion”), a provider of financial advisor technology and investment solutions, earned recognition for its ongoing commitment to helping advisors innovate, disrupt and win, taking home top honors in four categories at the 2019 Industry Awards:

  • Disruptors: Industry, ASTRO
  • Technology Providers: Rebalancing
  • Technology Providers: Chief Marketing Officer of the Year (CMO), Kelly Waltrich
  • Asset Managers: Socially Responsible Investing (SRI)/Impact Investing: CLS Investments (CLS)*


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Hong Kong-based venture capital group CMCC Global launched its Liberty Bitcoin Fund to provide crypto currency access to accredited investors in Asia who are very interested but have been slow to buy the coins directly…

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Cumulative Returns and the Power of Compounding

September 13, 2019
Kostya Etus, CFA, Senior Portfolio Manager — ETF Trends

In performance reports, time periods over one year are often annualized. Annualized returns may seem small, but compounded over a long period, they result in significant cumulative returns. As returns get higher and the time period stretches, small differences begin to have a more exponential impact. But it is important to note that returns do not typically exclude the impact of inflation. Inflation erodes your wealth behind the scenes, and you would be well served not to forget about it.

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Vanguard's Ambitions Create a Five-Year Spiral for ETF Advisers

July 25, 2019
Vildana Hajric — Bloomberg

With the flick of his wrist, Richard Michaud flashes his Apple Watch and presses on its sleek black screen. In a few taps, green and red squiggles appear, revealing how the market performed that day. But this isn’t a benchmark like the S&P 500 or the Russell 2000. Instead, Michaud’s screen reflects the trajectory of his firm’s own strategies, using an index he started earlier this year.
“You can check it on your phone in real time,” says Michaud in an interview. “There’s no index like this in the world. These are all totally new.”
The proprietary gauge is one of several that Michaud, who runs Boston-based New Frontier Advisors with his son, Robert, created to stand out from the crowd. His peers are starting podcasts, ramping up their social-media footprint, and even creating video content. But all this creativity is aimed at fending off an existential threat.

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The Little Things Still Matter in ETF Investing

July 23, 2019
Grant Engelbart, CFA, CAIA — ETF Trends

The fee war is officially over. Well, at least I want it to be. Not that lower fees aren’t a great thing for investors, but they seem to have become the only thing (as I’ve written about before). However, I think there is some evidence that fees — insomuch as measured by expense ratios — are losing their singular status and that important ETF metrics are being accounted for by the masses. I may be grasping at straws, but I believe the little things still matter in ETF investing.
As evidenced by the chart below, flows into ETFs are still robust. But they are increasingly being directed into the lowest-cost funds. Is that it? Are investors just blindly buying whatever is cheapest? Many observers may believe that’s the case, but I don’t think it’s the whole story. Let’s explore.

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How to Manage Your Portfolio Over the Summer

July 12, 2019
Rebecca Lake — US News & World Report
AS THE LAZY DAYS OF summer tick by, investors can’t afford to be lazy when it comes to portfolio management. While market activity in terms of seasonality may hit a lull, it’s still important to stay on top of investments during the summer months.
“It’s natural to expect the markets to slow down and possibly become choppier in the summer; that’s where the phrase, ‘sell in May and go away,’ comes from,” says Todd Baker, co-founder of Legacy Capital Planners in Germantown, Maryland.
Specifically, there are two broad trends that can happen over the summer season, says Grant Engelbart, senior portfolio manager and director of research at CLS Investments. The first is the trend that trading volumes decline and the second is that equity market returns are comparatively slower than other seasons such as winter to spring.

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Stocks Leap to Records Following Powell’s Comments

July 12, 2019
Asjylyn Loder — Wall Street Journal
U.S. stocks leapt Wednesday after Federal Reserve Chairman Jerome Powell set the stage for the central bank to cut interest rates to bolster flagging growth.
The Nasdaq Composite rose 0.75% to close at a record 8202.53. The S&P 500 touched a high during the trading session, briefly eclipsing the 3000 level for the first time before ending the day at 2993.07, 0.5% higher. The Dow Jones Industrial Average climbed 0.3% to 26860.20, snapping a three-day losing streak.

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