Literature Type: Commentaries

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PMC Weekly Review - October 26, 2018
Investment Insights, Commentaries
Format: pdf
Publication Date: 10/18

A Macro View – Value, Soon To Be In Vogue?

Investors continuously look for an edge, seeking to maximize returns relative to risks. Favored strategies change cyclically, or trend during certain market environments, but one has always been in style: value investing. Value investors attempt to find underpriced stocks relative to fundamentals, and often examine valuation ratios or use a discounted cash flow model to uncover them...

October 2017: Are Advisors Good Style Allocators or Merely Chasing Performance?
Commentaries
Format: pdf
Publication Date: 12/17

In our September Envestat, we explored which investment styles were attracting new advisors as well as those losing advisors. In our October edition, we extended the analysis to examine whether these advisors made good style choices.

November 2017: Fund Strategist Portfolios vs. Advisor Managed Portfolios – A Story of the Tails
Commentaries
Format: pdf
Publication Date: 12/17

Earlier this year, we charted the dispersion of returns in fund strategist portfolios (FSP) and advisor-managed portfolios (APM). Our scattergram captured how much more volatile APM portfolios were and showed their standard deviation was twice that of FSP portfolios. In this edition of Envestat, we expanded on our previous analysis to provide more granularity to that volatility with respect to advisors and accounts that had outperformed and underperformed in both products and sought to answer the following key questions: How are advisors and accounts distributed on a performance basis in both programs, and how does that compare to the average performance? Is there a meaningful difference in the distribution when comparing APM against FSP programs? What is the implication for the end-investor?

ENVESTAT Report: When the Market Swings, Advisors Who Hold Steady Outperform
Commentaries
Format: pdf
Publication Date: 07/16

Volatile markets were a persistent concern for advisors during the first quarter of 2016 amid continued uncertainty over Brexit, an economic slowdown in China and a steep decline in oil prices. Should advisors raise their cash allocations and adopt a more defensive approach, or are they better off riding out market volatility by staying invested? This Envestat explores how advisors on Envestnet’s platform changed their cash allocations in response to market volatility and why it makes sense for advisors to stay invested.

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