ETF News & Research

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: …

Small Caps – What do you want to own?

Using ETFs to own small cap stocks can be a tricky proposition and requires investigative analysis to uncover what the investor truly owns. We find that small cap stocks, as an asset class, are generally unsuited for indexing since most indexation methodologies over-weight the largest companies. Read full research: Small Caps – What do you …

Juan Carlos Avila selected to Leadership Greater Chicago Fellows Class of 2014

Juan Carlos Avila was selected to Leadership Greater Chicago Fellows Class of 2014 for leadership in Chicago related to his work at Toroso and his civic engagement empowering Latinos through financial literacy and professional development. Read full press release

Juan Carlos Avila named to the YWCA Metropolitan Board of Directors

On June 17, 2013, YWCA Metropolitan Chicago, one of the city’s oldest organizations dedicated to eliminating racism and empowering women, appointed Toroso Investments managing partner, Juan Carlos Avila, to its board of directors. Read original press release

REITs, Everybody Is In….and I Want Out

The valuations of many large publicly traded REITS  now appear to be unsustainable for some of the observations outlined in this commentary, including understanding of the fundamentals, the ETF effect, and non-US ownership. Read full research: REITs, Everybody Is In….and I Want Out  

MPT? No Thanks

Published in Financial Advisor Magazine in April 2013 Is modern portfolio theory dead? The principals at Toroso Investments LLC won’t go that far, but they do think MPT let down investors during the market pratfall of ’08-’09. And they believe they’ve constructed portfolios that more closely align with an investor’s risk tolerance and time horizon. …

Bond ETFs – Where Is the Income?

We examine the top 25 Fixed Income ETFs to unlock the net yield and then discuss alternative strategies to creating portfolios focused on yield. Read full research: Bond ETFs – Where Is the Income?

Scared Stockless: How Advisors Calm Jittery Clients

Published in ThinkAdvisor.com in February 2013 … The tough conversations that dominated the advisor-client relationship during the 2007-2009 meltdown have not gone away. Far from it. Even though inflows into stock mutual funds and exchange-traded funds surged—finally—at the start of the year at the hands of suddenly bullish investors, advisors across the nation report what …