September 14, 2015

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Have the Smart Betas become crowded trades? How can we tell? New smart beta investors in Quality, Minimum Volatility, Momentum and Equal-Weighted are overpaying for the strategies. They are overpaying by so much, actually, that their entire long term return advantage could be wiped o

September 05, 2015

Where are the ETF investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns.

September 04, 2015

Where are the asset class investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns.

July 21, 2015

Have the Smart Betas become crowded trades? How can we tell? New smart beta investors in Momentum, Equal-Weighted and Quality are overpaying for the strategies. They are overpaying by so much, actually, that their entire long term return advantage could be wiped out over the next fiv

July 08, 2015

Where are the ETF investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns. Negotiations

July 08, 2015

Where are the asset class investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns. Negot

June 02, 2015

Where are the ETF investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns. Despite all t

June 02, 2015

Where are the asset class investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns. Despi

May 06, 2015

Have the Smart Betas become crowded trades? How can we tell? New smart beta investors in Equal-Weighted, Minimum Volatility and Quality are overpaying for the strategies. They are overpaying by so much, actually, that their entire expected return advantage over the next five years wi

May 05, 2015

Where are the ETF investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns. Slower report

May 05, 2015

Where are the asset class investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns. Slo

April 08, 2015

Have the Smart Betas become crowded trades? How can we tell? By these measures, it appears that new investors in Equal-Weighted, Minimum Volatility and Quality run the risk of overpaying for the strategies. They are overpaying by so much, actually, that their entire expected return a

April 06, 2015

Where are the ETF investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns. A report issu

April 06, 2015

Where are the asset class investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns. A rep

March 03, 2015

Have the Smart Betas become crowded trades? How can we tell? By these measures, it appears that new investors in Equal-Weighted, Minimum Volatility and Quality run the risk of overpaying for the strategies. They are overpaying by so much, actually, that their entire expected return a

March 03, 2015

Where are the ETF investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns. Lower oil pri

March 03, 2015

Where are the asset class investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns. Lower

February 10, 2015

Have the Smart Betas become crowded trades? How can we tell? What did we look at? We evaluated six “smart beta” alternatives to a US Large/Mid Cap Cap-weighted index exposure. These were 1) Equal Weighted, 2) Minimum Volatility, 3) Quality, 4) Value, 5) Momentum and 6) High Dividend

February 04, 2015

Where are the ETF investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns. Oil prices st

February 04, 2015

Where are the asset class investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns. Oil p

January 22, 2015

Have the Smart Betas become crowded trades? How can we tell? What did we look at? We evaluated six “smart beta” alternatives to a US Large/Mid Cap Cap-weighted index exposure. These were 1) Equal Weighted, 2) Minimum Volatility, 3) Quality, 4) Value, 5) Momentum and 6) High Dividend

January 06, 2015

Where are the ETF investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns. Panic selling

January 06, 2015

Where are the asset class investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns. Panic

December 03, 2014

Where are the ETF investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns. The recent pa

December 03, 2014

Where are the asset class investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns. The r

November 04, 2014

Where are the ETF investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns. Reflecting

November 04, 2014

Where are the asset class investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns. Refle

October 01, 2014

Where are the ETF investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns. A number of m

October 01, 2014

Where are the asset class investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns. A num

September 02, 2014

Where are the ETF investment opportunities? The Effect of Valuation on Expected Returns The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued ETFs results in positive valuation returns. Buying overvalued ETFs results in n

September 02, 2014

Where are the asset class investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns. Best

August 19, 2014

Summary – Where does an investor want to be? So where are the investment opportunities? At The Headlands Group, this means “What are the undervalued markets and asset classes?” When markets and asset classes are priced below value, they offer investors the best potential future return

August 01, 2014

Where are the ETF investment opportunities? The Effect of Valuation on Expected Returns The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued ETFs results in positive valuation returns. Buying overvalued ETFs results in n

August 01, 2014

Where are the asset class investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns. Non-U

July 07, 2014

Where are the ETF investment opportunities? The Effect of Valuation on Expected Returns The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued ETFs results in positive valuation returns. Buying overvalued ETFs results in n

July 07, 2014

Where are the asset class investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns. Non-U

June 05, 2014

It would be a mistake for investors to underestimate the influence of the Fed on Treasury yields. Investors should expect that when the Fed steps out, market forces will take yields to levels more consistent with economic conditions. The chart above illustrates the three distinct peri

June 04, 2014

June 04, 2014

Where are the asset class investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns. Buying overvalued assets results in negative valuation returns. Non-U

May 01, 2014

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