FMD Capital Management

Posts Tagged: tactical

5 High Yield ETFs of CEFs For Tactical Income Investors

Written by David Fabian, April 07th, 2017

Many investors are making the right choice to build their core portfolios around low-cost, liquid, and diversified ETFs geared towards dividend paying stocks and bonds.  These funds provide transparent exposure to a broad range of asset classes without the drag of high expenses.

While this core exposure is important, there may also be a desire to further diversify your holdings towards alternative investment styles with a penchant for higher yields.  This is the foremost objective behind ETFs that invest in a basket of closed-end funds (CEFs).  Read more

The Biggest New ETF Launches of 2016

Written by David Fabian, December 20th, 2016

The market for exchange-traded funds (ETFs) continues to be a thriving business for fund sponsors and investors who covet these low-cost vehicles.  The first fund to debut in this format, the SPDR S&P 500 ETF (SPY), now has over $220 billion in total assets and is nearing its 24th birthday.  The industry itself has never been more robust in terms of overall fund selection, asset flows, and innovative use of these investment products.

As I do every year, it’s time to look back on some of the newest funds to debut in 2016 and how the industry has welcomed them into the fold.  This exercise can help identify burgeoning trends and areas of concentration for ETF providers.

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Goldman Sachs Debuts Hedge Fund ‘Best Ideas’ ETF

Written by David Fabian, November 08th, 2016

Hedge funds have come under fire in recent years as a streak of underperformance has led to allocation cutbacks in various pension and institutional portfolios.  Many investors are comparing hedge fund returns to passively managed vehicles like exchange-traded funds and coming away unimpressed with the results.

The crux of the issue is that active managers have had a difficult time selecting stocks or allocating to asset classes that justify their high expenses.  Returns in these vehicles are often streaky and industry correlations are becoming increasingly similar to that of an index fund.  Furthermore, the high liquidity, low costs, transparency, and tax efficiency of ETFs are strong influences in today’s modern investment landscape.

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Social Media ETF On A Breakout Track

Written by David Fabian, August 19th, 2016

Social media companies may seem like an obvious avenue for growth in relation to the larger technology sector.  However, the highly competitive landscape often resulted in a growing chasm between big winners and downtrodden losers in the public equity markets.  The well-publicized success of Facebook Inc (FB) has become the benchmark from which all others are summarily measured. Read more

Digging Into 2 New DoubleLine ETFs

Written by David Fabian, May 04th, 2016

It’s difficult to dispute the success of the first ETF offering from DoubleLine, which has managed to acquire more than $2.3 billion in assets during its short 14-month tenure.  The SPDR DoubleLine Total Return Tactical ETF (TOTL) is a hybrid strategy that is sourced from two prominent fixed-income mutual funds that are run by Jeffrey Gundlach. Read more