Product Categories: Tactical ETF

Tactical ETF 1Q23 Market Review & Outlook

April 2023 — The risk-reward for risk assets is getting less attractive as the year unfolds. While equities have largely shrugged off banking concerns, they appear to be counting on too many things going right. Despite the volatility of the past month and pressure on spreads, the medium-term outlook for fixed income remains highly favorable.

ETF Positioning — Taking a Medium-Term View

March 24, 2023 — The last couple of weeks have been some of the most volatile for financial markets in a long time. The collapse of multiple banks, the weekend rescue of Credit Suisse, and contagion fears led to historic rate volatility and large drawdowns in the banking sector.

Tactical Investment Strategy — March 2023

March 13, 2023 — Risk and rates markets remain captives of shifting Fed policy expectations, which have become more hawkish over the last month due to hotter inflation and resilient growth. This has driven rates higher and sparked some weakness in global equities over the last few weeks. We continue to position for downside risk with additional fixed income, and we are cautiously positioned within the equity and fixed income allocations.

Tactical ETF Strategies Brochure

Our tactical ETF offerings range from 100% fixed income to 100% equity, including a series of target risk and target date asset allocation strategies. While we maintain a high level of complexity within our investment process, we choose to express that complexity by using straight-forward, market segment oriented ETFs. Each asset allocation strategy will hold, on average, 10-20 ETFs at any given time.

Tactical Investment Strategy — February 2023

February 15, 2023 — We continue to view the risk/reward for fixed income as favorable. In the near-term, rates could come under renewed pressure as markets wrestle with the timing of a Fed pause. Additionally, credit and higher-risk fixed income sectors are also vulnerable given a challenging macro backdrop. Our game plan is to stay defensive within the fixed income allocation and hold more fixed income relative to risk assets given return expectations and increased flows.