Refine Search

Search Results

34 results found.

Opportunities in Asset-Backed Fixed Income
by Jeremy Schwartz of WisdomTree, 8/5/22

On the latest episode of the Behind the Markets podcast, we had a fascinating conversation with Don Kohn, former Federal Reserve vice chair, and Dave Goodson, Head of Securitized Fixed Income and Senior Portfolio Manager at Voya Investment Management.

Understanding Multifactor Portfolios
Gaining Perspective, featuring: Jeremy Schwartz of WisdomTree with Robert Huebscher, 5/15/19

While there are many ways to gain individual exposure to the value, size, quality, momentum and low volatility factors, multifactor strategies combine exposure to all of them. Choosing the right one for client portfolios is incredibly difficult.

Bearish on the U.S. Markets, Yusko Looks to Japan and Russia for Growth
by Jeremy Schwartz of WisdomTree, 5/14/15
This week Professor Siegel and Jeremy Schwartz chatted with Mark Yusko, Chief Investment Officer of Morgan Creek Capital, about his thoughts concerning extended U.S. valuations and global markets that may offer abundant potential beyond that of the United States.

Is Your Investment Factor “Campbell Harvey Strong”?
by Jeremy Schwartz of WisdomTree, 5/7/15
This week Professor Siegel and Jeremy Schwartz chatted with Campbell Harvey, professor at Duke University, to speak about his presentation, which challenges the efficacy of many factor-based investment strategies.

Analysts Love to Talk about China but Should Focus on South Korea
by Jeremy Schwartz of WisdomTree, 4/30/15
This week Professor Siegel and Jeremy Schwartz chatted with Jeff Weniger, Investment Strategist at BMO Global Asset Management. We spoke at length about the impact of the U.S. dollar on global markets. I found our conversation about the impact of easy monetary policy on economies such as China and South Korea particularly noteworthy.

Emerging Markets of Tomorrow
by Jeremy Schwartz of WisdomTree, 4/15/15
This week Professor Siegel and Jeremy Schwartz chatted with Gavin Serkin, Emerging Markets (EM) Editor at Bloomberg News. They also spoke to Worth Wray, Chief Strategist at Mauldin Economics, whose current focus is also on EM and the implications of a stronger U.S. dollar.

Will a Weak Jobs Report and Poor Productivity Give the Fed Pause?
by Jeremy Schwartz, of WisdomTree, 4/8/15
Last Friday, Professor Jeremy Siegel and Jeremy Schwartz sat down with Sam Chandan, founder and chief economist at Chandan Economics, to discuss the unexpectedly weak jobs report, productivity, low interest rates and implications for the housing market.

Dove or Ivory? A Case Study on Currency Impacts
by Jeremy Schwartz of WisdomTree, 3/26/15
Given the divergence of central bank policies, currencies are among the most important investment topics today. If the U.S. dollar continues to strengthen, it may be a headwind to U.S. multinationals earning revenue abroad, while boosting foreign companies that are earning revenue in the United States.

Could India “Run the Table” like China
by Jeremy Schwartz of WisdomTree, 3/19/15
Jeremy Schwartz had the opportunity to speak with Rob Lutts, CIO of Cabot Wealth Management, a client of WisdomTree, about a research trip to India he had just taken. India has been a standout among emerging market countries, and Lutts’ outlook is that India remains a very attractive place to allocate part of his growth portfolio capital.

Should Greece Stay or Go?
by Jeremy Schwartz of WisdomTree, 3/16/15
Professor Jeremy Siegel and I spoke with University of Texas professor James Galbraith on February 27. Professor Galbraith has an inside look on the ongoing Greek debt dynamics, as he became friendly with the current Greek finance minister Yanis Varoufakis as a colleague at the University of Texas.

Why Is the Fed’s James Bullard Optimistic about the U.S. Economy?
by Jeremy Schwartz of WisdomTree, 3/9/15
On February 20, Professor Jeremy Siegel and I had the pleasure of speaking to St Louis Federal Reserve Bank (Fed) president James Bullard, who is a member of the Fed monetary policy committee. 2015 is shaping up to be an interesting year for monetary policy, with the Fed expected to hike interest rates.

The Euro: How Low Can It Go?
by Jeremy Schwartz of WisdomTree, 3/3/15
Recently, Professor Jeremy Siegel and I sat down with Brown Brothers Harriman currency strategist Marc Chandler. Given the European Central Bank’s (ECB) recent activities, most of the discussion centered around the euro.

U.S. Dollar Strength Continues to Impact U.S. Multinationals
by Jeremy Schwartz of WisdomTree, 2/17/15
S&P 500 Index has traded inversely to the currency moves over recent years, and it has become increasingly negatively negatively correlated. One reason, we believe, is that a growing share of revenue and profits for U.S. corporations comes from overseas—and that share seems likely to increase with the globalization of the economy.

Is the Euro the New Yen? Increasingly So
by Jeremy Schwartz of WisdomTree, 1/15/15
There is recent evidence that Europe is becoming more Japan-like in displaying negative correlations between its equity markets and its currency moves. This negative correlation in Europe is not a new phenomenon.

Japan Dips into Recession as Japan, Inc. Profits Set New Highs
by Jeremy Schwartz of WisdomTree, 11/24/14
When investors buy Japanese equities, they dont really buy a slice of that economy; they buy shares in corporations that operate both in Japan and around the world. Japan, Inc. (i.e., Japanese corporations) is showing a profit picture that differs dramatically from the countrys economic growth rate.

Flows Potential: Fund Managers Remain Under-Weight Japan
by Jeremy Schwartz of WisdomTree, 11/20/14
The recent bout of aggressive monetary policy easing by the Bank of Japan (BOJ), combined with the direct purchases of equities by the Japanese Government Pension Investment Fund (GPIF), has brought on a new period of positive sentiment toward Japanese equities.

What a Rising Dollar Means for Your Stock Portfolio
by Jeremy Schwartz of WisdomTree, 11/5/14
Typically, if a companys home currency is weakening compared to the currency where the companys sales are generated, this will have a positive effect on sales and profitability, and if the home currency is strengthening, it could negatively impact sales and profitability.

Double Dose of Stimulus Sending Japan Stocks Up, Yen Down
by Jeremy Schwartz of WisdomTree, 11/4/14
On October 31, the Bank of Japan (BOJ) unleashed a surprise round of further stimulus to its monetary policies. This additional monetary easing occurred the same week that the U.S. Federal Reserve (Fed) completed its monetary policy program, showing a transition in global central bank accommodation leadership.

Clarifying Confusion: American Depository Receipts (ADRs) Have Currency Risk
by Jeremy Schwartz of WisdomTree, 11/3/14
It is a common misconception that, because an ADR is traded in U.S. dollars in the United States, there is no exchange-rate risk. But thats not the case. Heres why.

Japan Strategist Roundtable: Jesper KollWhat Is Different This Time?
by Jeremy Schwartz of WisdomTree, 10/10/14
When I spoke with Jesper Koll from J.P. Morgan Securities, one particular theme appeared in our conversation: Prime minister Shinzo Abe is an important catalystbut not necessarily the primary factorfor what is different this time in Japan.

A Japan Strategist Roundtable: What’s Next for Japan?
by Jeremy Schwartz of WisdomTree, 10/8/14
The start of 2014 was a challenging time for the Japanese equity markets. But recently things started to perk up. I recently spent time in Tokyo and want to share my observations from the trip.

What’s Next from the Bank of Japan
by Jeremy Schwartz of WisdomTree, 10/6/14
I had the opportunity to meet with Takeshi Yamada of the Market Intelligence Group at the Bank of Japan (BOJ), and I attended a presentation at the Mizuho conference by Eiji Maeda, the director-general of the Research and Statistics Department.

Diversifying With the Yen? Not if Japanese Equities Are Involved
by Jeremy Schwartz of WisdomTree, 9/11/14
The discussion of currency-hedged strategies has shaken some of the core beliefs of investors. Traditional investment vehicles that package equity risk plus a secondary currency risk on top of the equity risk have been referred to as the traditional plain vanilla exposure because they were the first to the market, and it is what investors have been using for so long.

Why Take Currency Risk if Diversification Benefit is Declining?
by Jeremy Schwartz of WisdomTree, 9/10/14
We have been exploring the case for layering in foreign currency (FX) on top of foreign equity returns. One of the most common arguments I have heard for taking on FX risk in international equity portfolios in an unhedged fashion is that FX can be a portfolio diversifier.

Is it Time to Take the Euro Out of Europe?
by Jeremy Schwartz of WisdomTree, 9/9/14
On September 4, the European Central Bank (ECB) took further accommodation to support the economic growth environment in Europe. As a result, the euro collapsed about 1% immediately after the news, while European stocks rose on prospects for more monetary policy easing. This reaction mirrors what we saw in Japan in 2013, and it strengthens the case for taking the euro out of Europe.

Time to Consider Korea Hedged Equities
by Jeremy Schwartz of WisdomTree, 8/13/14
The Korean won has been on a tear as one of best-performing emerging-market currencies in 2014. And this has the Korean government and central bank officials worried that the rising Korean won is eroding the competitiveness of Koreas exports.

How to Blend In a Currency Hedge
by Jeremy Schwartz of WisdomTree, 7/29/14
Looking across developed markets today, a common thread is that central bank policies have pushed interest rates to very low levels to support their economies.

Indian Budget: Converting Promises into Policies
by Jeremy Schwartz of WisdomTree, 7/28/14
India has been a hot market in 2014, as investors anticipated the election of business-friendly prime minister Narendra Modi. If Election Day was the most important day of the year, perhaps the second most important day was the release of the annual budget on July 10.

Small Caps in Focus Following Fed Comments
by Jeremy Schwartz of WisdomTree, 7/24/14
In conjunction with Janet Yellens testimony before Congress on July 15, the Federal Reserve produced a Monetary PolicyReport1 that provides an update on monetary policy, economic conditions and financial markets.

Smart Beta in Action: Taking Chips Off the Small-Cap European Table
by Jeremy Schwartz of WisdomTree, 7/21/14
European equity markets performed strongly throughout much of 2013 and into the first five months of 2014. While it is difficult to time market tops and bottoms for individual stocks on a consistent basis, we believe there are benefits to undertaking a disciplined practice to rebalance weight based on changes in relative valuation.

How the Europe Small-Cap Portfolio Changed at the Rebalance
by Jeremy Schwartz of WisdomTree, 7/17/14
A key differentiator of the WisdomTree Index methodology is our annual rebalance to focus on changes in relative value. In this blog, we will zoom in on how this approach led to changes in exposure in the WisdomTree Europe SmallCap Dividend Index (WT Europe Small).

Dissecting the Japan Hedged Equity Rebalance
by Jeremy Schwartz of WisdomTree, 7/16/14
We think it is important to be mindful of how an annual rebalance back to an underlying fundamental such as dividends can help manage valuation risks. With market capitalization-weighted indexes, when constituents increase in price compared to other stocks, they gain greater weight and increase their impact on the performance of the index.

Is the Euro the New Yen?
by Jeremy Schwartz of WisdomTree, 7/15/14
Currency-hedged equity strategies broke onto the exchange-traded fund (EFT) investment scene in late 2012 following significant weakening of the yen, which led to a wide disparity in performance between unhedged and currency-hedged Japanese ETFs.

Europes Dividend Growth Explained
by Jeremy Schwartz of WisdomTree, 7/10/14
An interesting aspect of the WisdomTree annual rebalance process is identifying trends in aggregate regional Dividend Stream of major markets. As we just rebalanced our developed world Indexes, including Europe, we wanted to provide some insight into how Europes dividends grew in the 12 months prior to the rebalance.
34 results found.