Libsyn Directory

Return Stacking: Strategy for A Low Return Environment

Release Date: 05/15/2023

Aubrey Basdeo: More Coupon, Less Duration

Insight is Capital™ Podcast

In this episode, our conversation with Aubrey Basdeo, Head of Fixed Income at Guardian Capital LP, we focus on the fixed income landscape and the outlook for interest rates in the US and Canada, the Federal Reserve's approach to inflation and interest rate cuts, as well as the differences between the US and Canadian economies, the impact of mortgage rates on consumer spending and the potential for rate cuts by the Bank of Canada. Overall, the conversation highlights the importance of maximizing optionality

Doomberg Decodes: Pumpamentals, Market Riddles, Energy, Gold/China, Uranium & Canada

Insight is Capital™ Podcast

In this conversation, Doomberg (https://doomberg.substack.com/) joins Pierre and Mike to discuss various topics including Bitcoin, the parallel between Michael Saylor and Hugo Stinnes, speculative mania, the parallels in the borrowing strategy of Hugo Stinnes and Michael Saylor, pumpamentals driving distortions in the market and the flywheel effect, the geopolitical implications of the Russia-Ukraine conflict, the dangers of do-gooders and climate newspeak, and t

Bill Bamber, BMO GAM CEO: "A generational shift in accessing structured investment payoffs"

Insight is Capital™ Podcast

This is one of the trickiest times in investing history marked by heightened uncertainty, distorted valuations, regime change and increased volatility in both equity and bond markets. For good reason, advisors have increasingly turned to shifting parts of the portfolios they manage away from traditional equity and bond assets in return for exposure to structured note and investment strategies that provide structured investing outcomes from those same asset categories.

Vanguard's Mario Cianfarani: Three Challenges for 2024

Insight is Capital™ Podcast

This episode with guest Mario Cianfarani, Head of Distribution at Vanguard Canada kicks off delving into 2024's First Challenge: Bond yields and the importance of re-positioning cash for the long term given the likelihood of central banks shifting towards rate cuts in 2024.

Fidelity's Ilan Kolet – 11 Questions for 2024

Insight is Capital™ Podcast

Ilan Kolet, Institutional Portfolio manager in Fidelity's Global Asset Allocation Team, joins us to discuss the most important questions he and his team mates, David Wolf and David Tulk have been fielding at the start of 2024. We delve into the unexpected shifts in monetary policy led by the Federal Reserve and mull over the repercussions of potential rate cuts on inflation volatility, weaving through the intricacies of the Fed's data-driven stance and 'pivot' toward a less restrictive monetary environment.

John De Goey - Investing ahead of unknown market risks

Insight is Capital™ Podcast

John De Goey, Portfolio Manager and Investment Advisor at Designed Wealth Management joins us to discuss and explore the current investment landscape and the choices available to investors. He highlights the importance of managing risk and staying on the short end of the yield curve, for time being where fixed income is concerned. We also delve into the topics of optimism and pessimism, with a focus on the potential challenges and uncertainties in the market. We talk about the shifts in real estate markets,

Fidelity's Ilan Kolet: 2024 Macro and Investment Outlook

Insight is Capital™ Podcast

Join us for this enlightening conversation with Ilan Kolet, Institutional Portfolio Manager, Global Asset Allocation Team, at Fidelity Investments, as we delve into the economic outlook for 2024. Kolet provides invaluable insight into the Canadian and US economies, the housing market, investment strategies, and inflation protection. We explore the impact of interest rates, consumer spending, and central bank policies on investments. Kolet's expe

Dino Bourdos: Is the yield on your covered call fund too good?

Insight is Capital™ Podcast

In this insightful discussion, Dino Bourdos, Portfolio Manager & Head of Investment Solutions at Guardian Capital LP delves into the intricacies of investment strategies, particularly focusing on the use of derivatives, covered call strategies, and the impact of market dynamics on investment decisions. With his extensive experience in the field, Bourdos offers valuable insights into the challenges and opportunities in the current economic landscape, making this a must-watch for investors and financial p

Deep Dive into Global Economic and Market Outlook, and AI's Role with Joaquin Kritz Lara

Insight is Capital™ Podcast

Join us in conversation with Joaquin Kritz Lara, Chief Economist at Numera Analytics, as we explore the intricate world of global economics and financial markets. Hosted by Pierre Daillie and Richard Laterman, the discussion delves into the nuances of macroeconometrics, the dynamics of inflation, and the complexities of investment strategies in today's volatile market.

Michael Robbins: Ever seen a bad backtest?

Insight is Capital™ Podcast

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More Episodes

In this episode, we explore the concept of diversification by way of capital-efficient investing, through a strategy coined 'Return Stacking' and how historically, institutions have traditionally had more access to sophisticated strategies than retail investors and financial advisors. That has changed in the last 2-3 years with the advent of the introduction of ETF wrapped strategies now available to retail investors.

We discuss why diversity and prudent use of implicit leverage are important factors in investing, and how adding leverage to an asset that is already expected to outperform cash can increase excess expected returns. We touched on the performance of a 60/40 portfolio and why adding something to the portfolio that will diversify and have positive expected returns may be beneficial, particularly if you don't have to trade down or out of core model portfolio allocations.

We also discuss the 2022 market environment as an example of a growth down/inflation up environment and how using capital efficient ETFs can allow investors to introduce a diversifying secondary return stream and enhance returns, without introducing tracking error risks.

The episode also covered the lack of building block solutions in the ETF space, led Newfound Research to partner with Resolve to bring several ETFs to market. The ETFs, called "Return Stacked," were launched in February 2022, offering diverse combinations of stocks, bonds, and alternative trading strategies as building blocks for diversified portfolios.

Both Newfound Research and ReSolve Asset Management understand deeply the importance of education, which is why we prioritize engaging with the advisor community and providing accessible content.

We encourage you to reach out to us via LinkedIn, Twitter, or our websites (Newfound.com, InvestReSolve.com and Returnstacked.com) with any questions or comments.

We hope this episode provided valuable insights and tools to help you make informed investment decisions.

Thank you for tuning in, and we look forward to bringing you more unique perspectives in future episodes.

[00:07:24] "ETFs: Key Driver in Evolution of Investment Strategies"

[00:14:10] The Capital Efficiency Strategies of Institutions Explained

[00:24:15] "Unlocking Capital Efficiency through Alternative Investments"

[00:35:39] "Exploring how investments respond to economic environments"

[00:38:34] "Managed Futures and Systematic Macro: Diversification Done Right"

[00:43:47] Newfound and ReSolve Launches ETF Building Blocks for Advisors.

[00:48:37] The Pros and Cons of Leverage in Investing

[00:59:51] "Understanding Hurdle Rates and Leveraging Investments"

[01:04:05] "Efficient markets drive fair compensation for risk"

[01:16:37] "Maximizing Advisor Allocation with Passive Investments"