Index
A
Accuvest Global Advisors, 136–142
Alesco Advisors, LLC, 171–177
alternatively weighted ETFs, 35–36, 54–56
The American Association of Independent Investors, 3
Armstrong, David B. (CFA and Managing Director of Monument Wealth Management), 119–124
Arnott, Rob (Research Affiliates), 32, 37–38
asset class factors, 57–58
assets under management (AUM), 3, 71
Aussie Dollar, 63
B
Barclays Global Investors, 51
bear markets
average length, 2
cumulative losses or gains, 2
number of, 2
BlackRock, 51
Bloomberg, 2–3
Bogle, John C. (founder of the Vanguard Group), 32–34
bonds
market performance, 21–22
Bowen, Patrick J. (President of One Capital Management, LLC), 148-154
BRIC countries, 12
bull markets
average length, 2
cumulative gains, 2
ETFs, 16–18
number of, 2
buying and holding, 17
C
Cabot Money Management, Inc., 154–159
Capital Asset Pricing Model (CAPM), 60
capital gains and losses, 30
cap-weighted ETFs
as an investment choice, 54
cap weighting versus alternatively weighting, 35–36
cap weighting versus equal weighting, 39–40
cap weighting versus fundamental weighting, 43–49
criticism of, 31–34
efficient market hypothesis, 34–35
performance, 6–7
as the purest form of investing, 58
risks, 6–7
slicing and dicing, 56–57
CBS MarketWatch, 3
Cedarwinds Investment Management, 95–101
CFA Institute societies, 3
Chinese renmimbi ETP, 63
choosing
ETFs, 12–13
sectors, 18–20
Chudom Hayes Wealth Management Group at Morgan Stanley Smith Barney, 142–148
Chudom, Kyle (Co-founder and Portfolio Manager of Chudom Hayes Wealth Management Group at Morgan Stanley Smith Barney), 142–148
Clarke, Todd (President of CLS Investments, LLC), 194–200
ClearRock Capital, 130–136
CLS Investments, LLC, 194–200
commodities, 12
CurrencyShares, 63–64
D
Davidow, Anthony (Managing Director and Portfolio Strategist of Rydex|SGI), 59–67
Dow-Jones Industrial Average ETF, 5
drug and pharmaceutical sectors, 20
Dynamic Market Portfolio ETF, 9
E
Efficient Market Advisors, LLC, 107–113
efficient market hypothesis, 34–35
Eichen, Mitchell D. (Founder and CEO of MDE Group), 165–171
Elizalde, Raul (President and CIO of Path Financial), 73–78
emerging countries, 12
Emerging Equity Income ETF, 11
Emerging Markets Equity Income ETF, 12
Emerging Markets Small Cap Dividend ETF, 11
Energy Select Sector SPDR, 20
enhancing performance, 41–43
equal-weight ETFs, 39–40, 64–67
Erin Burnett of CNBC Street Signs, 2
Eshman, Mark (Co-founder, Chairman, and CIO of ClearRock Capital), 130–136
ETFs (Exchange Traded Funds)
alternatively weighted ETFs, 35–36, 54–56
cap-weighted ETFs, 6–7, 31–36, 54, 56–58
choosing, 12–13
equal-weight ETFs, 64–67
how they fit into the investment environment, 2
intelligent ETFs, 8–10
original ETFs, 5–7
strategies, 2–3
ETNs, 12
Exchange Traded Funds (ETFs). See ETFs (Exchange Traded Funds)
F
Fama, Eugene (Professor at the University of Chicago), 32
fast-growing countries, 12
Faucetta, Daniel A. (Principal of Global ETF Strategies), 90–95
First Affirmative Financial Network, 160–165
foreign markets, 12
Forlines, John A. (Chairman and CIO of JForlines Global Investment Management), 124–130
Fox Business, 2
French, Kenneth (Professor at Dartmouth College), 32
frontier countries, 12
FTSE RAFI Emerging Markets Portfolio, 11
FTSE RAFI US 1000 Portfolio ETF, 11
FTSE RAFI US 1500 Small-Mid Portfolio ETF, 11
fundamental indexing, 37–39, 43–49
fundamental portfolios, 34
G
Garff, David (President of Accuvest Global Advisors), 136–142
Gay, George R. (CEO of First Affirmative Financial Network), 160–165
global economy, 2
Global ETF Strategies, 90–95
Gould, James G. (President of Alesco Advisors, LLC), 171–177
growth portfolios, 34
H
Hayes, Eric (Co-founder and Portfolio Manager of Chudom Hayes Wealth Management Group at Morgan Stanley Smith Barney), 142–148
health-care sector, 21
Hong Kong ETF, 6
I
Ibbotson Associates, 34
indexes
long-term investing, 28–30
industries
leather tanning and finishing, 29
logging, 29
intelligent ETFs, 8–10
investors
types of, 70–71
iShares ETFs, 51–53
iShares Global S&P Healthcare Sector Index Fund, 21
J-K
James, Bryce (Founder and CEO of Smart Portfolios, LLC), 113–118
JForlines Global Investment Management, 124–130
Jones, Michael (Founding Partner, Chairman, and CIO of RiverFront Investment Group), 183–188
junk bonds, 22
L
Larry Kudlow of CNBC The Call, 2
leather tanning and finishing industry, 29
logging industry, 29
Lohrey, Paul (Managing Director and the head of iShares U.S. Product Management for BlackRock), 52–58
long-term investing, indexes, 28–30
Longview Capital Management, LLC, 101–107
Lutts, Robert T. (President and CIO of Cabot Money Management, Inc.), 154–159
M
Maclay, Geoffrey G. (Rip), Jr. (Founder and Managing Partner of Cedarwinds Investment Management), 95–101
Malkiel, Burton G. (economics professor and author of A Random Walk Down Wall Street), 32–34
market bottom, 1
market price, 34–35
market-cap method, 31–32
Markowitz, Harry, 60
MDE Group, 165–171
Metropolitan Capital Strategies, LLC, 84–90
Modern Portfolio Theory (MPT), 59–62, 67
money management, 30
money managers
assets under management (AUM), 3, 71
cost, 71
ETF strategies, 69–72
Monument Wealth Management, 119–124
Morgan, Herb W. (CEO and CIO of Efficient Market Advisors, LLC), 107–113
Morgan Stanley, 51
Morgan Stanley Capital International (MSCI), 51
Morningstar, 38
MSCI EAFE, 38
N
Nasdaq-100 Index ETF, 5
natural gas, 12
natural resources, 12
Navellier & Associates, 177–182
Navellier, Louis G. (Founder and Chairman of Navellier & Associates), 177–182
negative alpha, 37
O
oil-rich countries, 12
Oliver Capital Management, 79–84
Oliver, Mark K. (Founder and Portfolio Manager of Oliver Capital Management), 78–84
One Capital Management, LLC, 148–154
original ETFs, 5–7
P-Q
Path Financial, 73–78
performance
enhancing performance, 41–43
underperformance problems, 40–41
Pharmaceutical HOLDRs, 21
platinum, 22
PowerShares Capital Management, 9
PowerShares Dynamic Biotech & Genome Portfolio, 20
PowerShares Dynamic Pharmaceuticals Portfolio, 20
PowerShares FTSE RAFI Developed Markets ex-US ETF, 38
PowerShares FTSE RAFI US 1000 ETF, 38
PowerShares FTSE RAFI US 1500 Small/Mid-cap ETF, 38
precious metals, 12
R
RAFI U.S. Small-Mid Cap ETF, 12
real estate, 12
Research Affiliates Fundamental Index (RAFI), 38
Research Affiliates (RA), 11, 37–49
Research Magazine ETF Advisor Hall of Fame, 2, 69
RiverFront Investment Group, 183–188
S
Sage Advisory Services, Ltd. Co., 200–205
The San Francisco Examiner, 3
Schombert, David A. (President and CIO of Metropolitan Capital Strategies, LLC), 84–90
sector strategies, 66–67
sectors
bottom-performing, 18–19
choosing, 18–20
drug and pharmaceutical, 20
energy, 20
health care, 21
top-performing, 18–19
selecting. See choosing
Sharpe, Bill, 60
Siegel, Jeremy (WisdomTree), 32
Small-Cap Dividend ETF, 12
Smart Portfolios, LLC, 113–118
Smith, Robert G. (President and CIO of Sage Advisory Services, Ltd. Co.), 200–205
Snow, Sharon (CEO of Metropolitan Capital Strategies, LLC), 84–90
socially responsible investing (SRI), 160
S&P 500 Equal Weight ETF, 39–40
S&P 500 Index ETF, 6–7, 10, 30
S&P mid-cap ETF, 6
S&P small-cap ETF, 6
stocks
cap-weighted indexes, 31–32
market performance, 21–22
Strategically Engineered Portfolio Program (SEEP), 80
Swiss Franc, 63
T
taxes, 30
10-year Treasury bill, 22
TheStreet.com, 2
Treasury bonds, 22
“Turn on a Paradigm?” article (The Wall Street Journal), 32
U-V
underperformance problems, 40–41
value portfolios, 34
volatility, 25–28
W-X
Wagner, Christian M. (CEO and CIO of Longview Capital Management, LLC), 101–107
The Wall Street Journal, 2, 69
Wall Street Transcript, 2
Weiskopf, David K., III (Principal of Global ETF Strategies), 90–95
WisdomTree ETFs, 10–12
Wisehaupt Bray Asset Management at HighTower Advisors, 189–194
Wisehaupt, David (Managing Director and Chief Investment Strategist of Wisehaupt Bray Asset Management at HighTower Advisors), 189–194
World Equity Benchmark Shares (WEBS), 51
Y-Z
zero-sum game, 52–53
Zweig, Jason, 29