Last week, Mike Venuto of the Toroso Research team attended the Democratize Quant conference at Villanova University hosted by Alpha Architect. The team at Alpha Architect put together an academic, non-sponsorship, and truly interactive experience beginning with an overview of the ETF industry from Ben Johnson and Eric Balchunas.
QUANTS AND MUPPETS
Another ETF highlight was the discussion/rebuttal from Corey Hoffstein of Newfound Research. He utilized a Muppets GIF to explain the common practitioner outcomes in response to Antti Ilmanen of AQR. I am sure he will make them available on twitter if you ask nicely, @Choffstein.
THE FIRESIDE CHAT, IN A LECTURE HALL
The presentations ended with Jeremy Schwartz interviewing Patrick O’Shaugnesy about family, data mining, commitment, and social media.
THINKING IN BETS
The Practitioner’s day of the Villanova MARC academic conference ended with a dinner and interview of Annie Duke by Wes Gray. They discussed the rational of thinking within an infinite game and the failure of “trend following” in poker.
FUN WITH BRACKETS
The conference was a wonderful experience especially with the energy of NCAA basketball permeating the excitement at Villanova University. Last year, we did an exercise of a March Madness ETF Issuer Bracket using various research criteria. This year, we chose to do an ETFthinktank.com Ticker Madness Bracket. The idea was to create 4 ETF divisions: Thematic, Core/Quant, Leveraged/Inverse, and Commodity. We posted Round One last week and Twitter polls on each match up. We asked participants to vote based on ticker appeal rather than investment merit. The results of Round One are available below, and the next round will be available this week to see which tickers will make our Sweet Sixteen!
ETF FUN AND EDUCATION
On the way back from Pennsylvania, we listened to a podcast from the ETFstore.com on ETF education with Nate Geraci and Dave Nadig. The Democratize Quant Conference truly embodied the rigorous academic portion of sharing knowledge which exemplifies the goal of our ETFThinktank.com to further this engagement through research and occasionally some fun. The ETF Ticker Madness was designed to promote engagement with the ETF news and research in our ETFthinktank.com. Please vote in the Ticker polls and the results will be announced next Tuesday.
Source KPIs: Toroso Investments Security Master, as of March 25, 2019.
|Fundamental Income Net Lease Rl Estt ETF||NETL|
|BlackRock U.S. Equity Factor Rttn ETF||DYNF|
|Hoya Capital Housing 100 ETF||HOMZ|
|iShares Focused Value Factor ETF||FOVL|
|RYZZ Managed Futures Strategy Plus ETF||RYZZ|
TETF INDEX PERFORMANCE DATA
Returns as of March 25, 2019.
Inception Date: April 4, 2017. Index performance is for informational purposes only and does not represent the ETF.
Indexes are unmanaged and one cannot invest directly in an index.
Past performance is NOT indicative of future results, which can vary.
TETF INDEX PERFORMANCE VS LEADING FINANCIAL INDEXES
As of March 25, 2019.
TOP 10 HOLDINGS PERFORMANCE
BOTTOM 10 HOLDINGS PERFORMANCE
As of March 25, 2019. Source: Morningstar Direct.