ETF News & Research

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: …

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