Literature Type: Commentaries

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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?

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.

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...

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