ETF News & Research

The ETF “Barbell” Income Solution – by Mike Venuto on ETF.com

By Michael Venuto Toroso Investments Published in ETF.com Many investors expect the return streams from bond ETFs to behave like the direct purchase of a bond, essentially providing current income with the likely return of principal at a future date. Although the expansion of ETFs has provided investors access to bonds, and at a reasonable …

Taming Volatility: Downside Protection Indexes

The stock market, as represented by the S&P 500 Index (“S&P 500”), has just experienced a historic 6-year bull market. But, many investors did not participate in much of this appreciation. The Great Recession of 2008 caused many investors to significantly reduce their market exposure, and many advisors were unable to find thoughtful solutions for …

Top Leaders in Finance – Juan Avila highlighted in Latino Leaders Magazine

Latino Leaders Magazine featured Toroso Investments, Juan Carlos Avila, in its February/March 2015 “Latinos in Finance” issue Read full article (pdf)

Complete The Core With Specialty ETFs

By Michael Venuto Toroso Investments Published in ETF.com In the past decade, the indexing business has moved from a benchmarking business to an investable universe and an asset-gathering business, in large part, because of the growth of the ETF industry. Still, the sometimes-complex worlds of indexing and ETFs have left some stocks out of major …

Business Characteristics: Completing the Core

The historical returns of mainstream indexing may not be what investors should expect to receive in the future.  In this commentary we identify ETFs that focus on business characteristics which may enhance the access to securities omitted or trimmed from the mainstream, over-bought ETFs which are tied to traditional market cap weighted indexes. The content …

ETFs To Steer Clear Of Suspect Earnings

By Michael Venuto Toroso Investments Published on ETF.com Equity markets are at or near all-time highs, as are corporate earnings. It may all be too good to be true. That’s because we’ve identified what we consider to be a quality problem with earnings. That said, we believe by maximizing quality of earnings in a portfolio, …

Earnings: Quality Over Quantity; and Size Does Matter

Selecting the most appropriate ETF can be a challenging proposition, especially in the unusual markets we are experiencing today.  At Toroso, we examine the underlying fundamentals and look for economic themes that indicate opportunities and pitfalls.  In today’s market we believe the rosy earnings picture is hiding a real problem from most investors.  The quality …

Olga Camargo Receives 2014 Latino Leaders Maestro Award

Olga Camargo was honored as the 2014 Recipient of the Latino Leaders Maestro Award in the Category of Community Service.

David Dziekanski discusses smart beta fixed income ETFs

Companies such as BlackRock Inc and Standard & Poor’s are taking a popular stock fund strategy and applying it to bonds. For more than a decade, asset managers have been creating stock funds that track indexes designed to outperform those based on their components’ market value. Bond funds are the next frontier for index designers …

Want Tail Risk Protection?

The goal of Modern Portfolio Theory (MPT) is to have a portfolio of assets that each have positive expected long-term returns, and are negatively correlated to each other, so as to help smooth the volatility of the overall portfolio and increase the overall returns through rebalancing.  This commentary explores the impact of  volatility and several …

Mike Venuto comments on picking smart beta ETFs

Toroso Investment’s Mike Venuto says smart-beta ETFs are great tools, but it all hinges on the market environment. Smart-beta ETFs may be all the rage, but they don’t make sense in every market environment, says Mike Venuto, chief investment officer at Toroso Investments, a New York-based advisory firm. Arguing that the marketing spin surrounding these …

Mike Venuto Featured on ETF.com article on Smart Beta ETFs

Toroso Investment’s Mike Venuto says smart-beta ETFs are great tools, but it all hinges on the market environment. Smart-beta ETFs may be all the rage, but they don’t make sense in every market environment, says Mike Venuto, chief investment officer at Toroso Investments, a New York-based advisory firm. Arguing that the marketing spin surrounding these …

Smart Beta and Betting on Unicorns

Smart beta is the popular buzzword that describes an emerging trend of alternatively weighted indexes in the ETP world.  This catchy term implies a panacea and evergreen solution to some of the common issues often associated with traditional market cap indexing.  If this were the case, just like unicorns, the Holy Grail and the fountain …

Alternative to What?

The world of alternative investing has experienced massive expansion in the past few years through new mutual funds and Exchange-Traded Products (ETPs). Until now, this part of the investment universe has been relatively opaque and inaccessible to the average investor.  In this commentary, Toroso defines the alternative ETP landscape and concludes with one method of …

ETFs – The Business of Indexation

The democratization of the market through ETFs, as envisioned by Dr. Burton Malkiel and implemented by John Bogle of Vanguard, has transitioned indexing from a benchmarking tool to an asset-gathering tool and possibly tarnished many of the benefits indexing provides for the average investor and created significant opportunities for the savvy investor. Read full research: …