Every issue contains Samuel Lee's analysis of ETFInvestor
's two model portfolios,
commentary and research on the investment issues of the day, and performance updates
on our ETF
coverage universe. He'll also draw on Morningstar's deep analyst
bench to provide detailed analysis of individual exchange-traded funds and market
Our Strategy in Action
ETFInvestor takes a long view, casting our analysis back many decades and over many different countries, and seeks to understand drivers of excess returns that have existed in those varied environments. One of the universal results is that high-yielding assets outperform over the long haul, but not at all times and all environments.
Sam applies this strategy in two real-money model portfolios.
The Income Portfolio rejects the tyranny of benchmarks, which often encourage bad behavior, and instead focuses on building positive after-inflation returns through high-yielding asset classes. While income is expected to be high over a full market cycle, there will be times when markets offer too little yield for their prospective risks.
The Asset Allocation Portfolio is for more benchmark-conscious investors, and is more tactical and aggressive, but will also possess an income bias over most of the business cycle. Both strategies diversify across all the major asset classes. Sam has the majority of his personal portfolio in both strategies.