ESG has gathered a lot of steam as an essential and strategic investment component for both returns, with long term positive fundamentals, and risk management.

Around roughly 1400 studies have found a positive relationship between ESG scores on the one hand and financial returns on the other, whether measured by equity returns or profitability or valuation multiples. Another factor is the cost of capital. Evidence suggests that a better ESG score translates to about a 10 percent lower cost of capital as the RISKS that affect your business, in terms of its ability to operate, are reduced if you have a strong ESG proposition.

For these reasons, publicly traded companies that are actively implementing ESG in their operations are expected to be granted a valuation and risk premium as a result ‘ESG goodwill,’ versus those companies doing less.

Samantha McDonald, Vice President, ESG Research and Engagement, and Jonathan Needham, Vice President & Director, Lead of ETF Distribution, at TD Asset Management Inc. (TDAM), join us to talk about the approach that TDAM is taking to ESG, as well as the suite of TD ESG ETFs. These ETFs invest in stocks and bonds that have strong ESG metrics and leverage exclusive Morningstar Indexes and research from Sustainalytics, a Morningstar® company and a globally recognized leader in ESG risk ratings and research.

Highlights include:

• How do you define your view on ESG?
• How TDAM defines a gradual approach vs. a binary approach to ESG – Engagement vs. divestment?
• How TDAM’s shareholder engagement on behalf of investors’ alignments works
• The Aha! moment for advisors
• TDAM’s ESG ETFs screening methodology – sector-neutral Morningstar Sustainability Indexes
• market-like exposure with significantly lower ESG risk, relative to benchmarks
• Position sizing? Benchmark replacements.
• Silver linings? – Taking advantage of tax-loss harvesting to increase pure beta ESG exposure.
• How do Morningstar Sustainable Indexes navigate geo-political concerns?
• Investors can now also get beta exposure to ESG corporate bond indexes
• highest quality, high liquidity investment grade corporate credits for yield
• Building blocks, maximum diversification, low or no tracking error.
• How do the screening rules work?
• What is greenwashing?

Where to find our guests:

Samantha McDonald on Linkedin

Jonathan Needham on Linkedin

For more on TDAM ETFs, visit td.com/etfs

There’s a race going on in the industrial sector to modernize, technologize, compete, as well as de-carbonize.

Ivana Delevska, Chief Investment Officer, SPEAR Invest, joined us to discuss the her investment thesis and strategy, underlined by her firm’s research that following roughly 5 years of underinvestment, industrial companies have significant capital expenditures in front of them to catch up on, which will lead to greater adoption of industrial technology. We get into the important developments that may make for some outsized opportunities in both the industrial and technology sectors, in the not so distant future.

Ms. Delevska is the Founder and CIO of SPEAR. She founded the Advisor in 2021 after spending 14 years evaluating and investing in industrial and industrial technology companies.

Ms. Delevska spent four years covering Multi-Industry companies at Deutsche Bank as a Vice President (2017-2018) and Gordon Haskett as a Director (2018-2021). Prior to that time, she spent 10 years as a Senior Analyst on the buy-side at several long/short hedge fund platforms: Tiger Management, Millennium Management, Citadel Asset Management, and Davidson Kempner.

Ivana started her career at JP Morgan in the Mergers and

Acquisitions Group. She graduated from the University of Chicago in 2006 with a BA in Economics.

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Where to find Ivana Delevska and SPEAR Invest:

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Ivana Delevska on Linkedin

Ivana Delevska on Twitter

SPEAR Invest for up to date holdings and prospectus

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Where to find the Raise Your Average crew:

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ReSolve Asset Management

ReSolve Asset Management Blog

Mike Philbrick on Linkedin

Rodrigo Gordillo on Linkedin

Adam Butler on Linkedin

Pierre Daillie on Linkedin

Joseph Lamanna on Linkedin

AdvisorAnalyst.com

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“You don’t have to be brilliant, just wiser than the other guys, on average, for a long time.” Charlie Munger

Welcome to Raise Your Average, our deep dive journey into learning from the people and process behind the world of investing. Through conversations with leaders in the investments game, we peel back the layers of the onion on how these holders of the keys to the kingdom allocate their time, their energy, and their dollars.

We are all students and we are all teachers. We are the average of the 5 people we spend the most time with. Come hang out with us for a while and raise your average, as we raise ours.

Music credit: In Hip Hop, Paul Velchev (8MJZA6T3LK)

Every stock market correction is unique, with its own causes and consequences. There are some similarities between the current market decline and past declines.

Take today’s example; following a period of speculation and excess that began in 2020, tech stocks have taken a beating, some from as early as Q2 2021. It’s reminiscent of the tech rout in 2000, when value stocks outperformed technology stocks.

In fact, value stocks are outperforming, and providing both meaningful relative positive returns, across the board in this stock market rout. Value is outperforming in large-cap U.S., small-cap U.S. segments, foreign-developed stocks and emerging market stocks. If you’re wondering whether this resurgence in value stocks is fleeting, it’s advisable to recall that the forces that are shaping inflation and inflationary volatility are likely to outlast our expectations, our hopes.

Value investing great Stephen Jenkins, Co-CIO, and Portfolio Manager, and Jackie Au, Portfolio Manager, Sionna Investment Managers join us this episode for an enlightening and insightful conversation, sharing their wisdom about value investing’s long term durability, how they do value investing, the relative underperformance of value factor vs. growth factor (value stocks did what value stocks always do, but they didn’t do as well as growth stocks), and how the regime change of inflationary volatility and rising rates that has crushed growth stocks is favourable to value investors.

We also get a good look at some of the names and sectors they favour, with Stephen and Jackie talking about names they are holding, that fulfill their definitions of value.

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Where to find the Stephen Jenkins and Jackie Au:

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Stephen Jenkins, Co-CIO, Sionna Investment Managers

Jackie Au on Linkedin

Sionna Investments

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Where to find the Raise Your Average crew:

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ReSolve Asset Management

ReSolve Asset Management Blog

Mike Philbrick on Linkedin

Rodrigo Gordillo

Adam Butler on Linkedin

Pierre Daillie on Linkedin

Joseph Lamanna on Linkedin

AdvisorAnalyst.com

*****

“You don’t have to be brilliant, just wiser than the other guys, on average, for a long time.” Charlie Munger

Welcome to Raise Your Average, our deep dive journey into learning from the people and process behind the world of investing. Through conversations with leaders in the investments game, we peel back the layers of the onion on how these holders of the keys to the kingdom allocate their time, their energy, and their dollars.

We are all students and we are all teachers. We are the average of the 5 people we spend the most time with. Come hang out with us for a while and raise your average, as we raise ours.

Music credit: In Hip Hop, Paul Velchev (8MJZA6T3LK)

Nicolas Piquard, Vice-President & Portfolio Manager with Horizons ETFs Canada, joined us to talk about the significance of accessing three key commodity-focused sectors and asset classes in the context of today’s global “low-carbon” ambitions.

The biggest challenge for investors in 2022 is reconciling the need for diversification, largely in allocating more portfolio exposure to commodities and hard assets, with the fact that many of these sectors and asset classes are not aligned with responsible investing.

In this episode we explore the much-debated commodities that are expected to play a significant role in defining energy, consumption, industrial production – sectors and asset classes that could benefit from inflation, while offering exposure to the longer-term trends in renewable energy and carbon emission reduction.

We get into the nuts and bolts of how investors can more effectively align themselves with inflation using commodity-focused thematic strategies focused on the potential long term drivers of return in Uranium, Lithium, Carbon and Carbon Credits.

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Where to find Nicolas Piquard:

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Nicolas Piquard on Linkedin

ETFs discussed:

HURA – Horizons Global Uranium Index ETF

HLIT – Horizons Global Lithium Producers Index ETF

CARB – Carbon Credits ETF

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Where to find the Raise Your Average crew:

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ReSolve Asset Management

ReSolve Asset Management Blog

Mike Philbrick on Linkedin

Rodrigo Gordillo on Linkedin

Adam Butler on Linkedin

Pierre Daillie on Linkedin

Joseph Lamanna on Linkedin

AdvisorAnalyst.com

Copyright © AdvisorAnalyst.com

Mark Noble, Executive Vice President, ETF Strategy joins us to discuss the reasons markets have become so fragile in the wake of COVID, the inflation trend, rising rates and the war in the Ukraine which are defining the beginning of perhaps a new economic and market regime, and giving sharp definition to a number of key investment themes.

We discuss the investing climate, and thematic investment trends and opportunities, some of which are still in their infancy, and some that are more mature, but have been made all the more enticing post this year’s tumultuous first trimester and stock market’s profound volatility and correction.

We hope you find the discussion insightful and useful.

Where to find Mark Noble:

Mark Noble on Linkedin

Thematic ETFs Mentioned:

HURA – Horizons Global Uranium Index ETF

HLIT – Horizons Global Lithium Producers Index ETF

HMMJ – Horizons Marijuana Life Sciences Index ETF

CHPS – Horizons Global Semiconductor Index ETF

Brooke Thackray, Research Analyst, Horizons ETFs Management, and Kim Inglis, Portfolio Manager at Raymond James Canada join us for a fascinating deep dive looking at ‘seasonal rotation’ investment strategy, the revealing and repetitive behavioural patterns that define key undercurrents in markets, and how he approaches the nuanced task of navigating annual seasonal uptrends and downtrends across a variety of equity markets, equity sectors, the bond market, and other asset categories.

Brooke Thackray provides the research and analysis that guides the Horizons Seasonal Rotation ETF, ticker HAC. We quickly set aside the question of “How has the Seasonal Rotation strategy worked?” and get into the nuts and bolts of Thackray’s research and implementation – “How do you do it?”

It’s noteworthy to mention here that HAC is Canada’s longest tenured actively-managed, multi-asset strategy ETF.

What you’ll discover is that Thackray’s approach to seasonal rotation, and the technical analysis work that supports the strategy’s strict, but flexible, and systematic approach has for the better part of 12 years, been an underloved darling among actively managed ETFs.

Enjoy the episode! Like, follow, and subscribe to our channel, and leave us a comment. Please help us get the word out and grow our following.

Where to find Brooke Thackray:

Brooke Thackray on LinkedIn

Brooke Thackray – alphaMountain

Horizons Seasonal Rotation ETF (HAC)

Where to find Kim Inglis:

Kim Inglis on Linkedin

Kim Inglis – Inglis Private Investment Counsel

Kim Inglis – Raymond James Canada

Where to find the Raise Your Average crew:

ReSolve Asset Management

ReSolve Asset Management Blog

Mike Philbrick on Linkedin

Rodrigo Gordillo on Linkedin

Adam Butler on Linkedin

Pierre Daillie on Linkedin

Joseph Lamanna on Linkedin

AdvisorAnalyst.com

*****

“You don’t have to be brilliant, just wiser than the other guys, on average, for a long time.” Charlie Munger

Welcome to Raise Your Average, our deep dive journey into learning from the people and process behind the world of investing. Through conversations with leaders in the investments game, we peel back the layers of the onion on how these holders of the keys to the kingdom allocate their time, their energy, and their dollars.

We are all students and we are all teachers. We are the average of the 5 people we spend the most time with. Come hang out with us for a while and raise your average, as we raise ours.

Ronald Landry, Head of Product & Canadian ETF Services at CIBC Mellon joined us for a look at the trends and developments that are shaping the growth of the Canadian ETF industry. Landry has been in the Canadian investment management industry for nearly 30 years, spending the past most recent 20 years in the once-nascent, and now flourishing ETF industry.

Markets have gotten off to a rough in 2022, and we’ve just been through some pretty tumultuous, AND exciting times during the last two years, and what were until the end of 2021 pretty hot investment markets. From his unique position at the centre of the Canadian ETF industry, Landry shares his thoughts on what he is most excited about, what’s changing, and what’s new.

We discuss some of the biggest trends driving the Canadian ETF space – What’s been expanding, what’s been receding, the fastest growing segments, and some insights on flows and investor behaviour.

Our conversation turns as we get into how the change in regime that is taking place in the context of inflationary pressures and rising rates are re-directing flows and product formation, and the newest kinds of ETF solutions, as well as the progress that’s happening vis-à-vis liquid alts ETF formations.

Finally, Landry, who has been closely watching the ETF and markets’ regulatory landscape reveals some big changes that are coming on the settlement (T+1, T+0) and improved taxation and efficiency (re: taxable distributions from funds).

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Where to find Ronald Landry:

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Ronald Landry on Linkedin

Copyright © AdvisorAnalyst.com

If you’re at all interested in what the next decade has in store for investors in the Genomics and Biotech Sector, stay tuned. The innovation, disruption, and breakthroughs taking place at companies in this space are destined to be among the most exciting for investors in the period ahead.

It was an honour to chat with Emerge Canada CEO, Lisa Langley and ARK Investments’ Ali Urman about the Genomics and Biotech Sector, as defined by the holdings of the Emerge ARK Genomics and Biotech ETF (ticker: EAGB:NEO).

Lisa Langley is CEO at Emerge Canada Inc. Her firm is the sponsor of Emerge ARK ETFs. Lisa Langley’s firm, Emerge Canada launched the Emerge Canada Inc. in 2019 to bring Canadians actively managed, innovation focused investment strategies. Emerge offers ETFs, Mutual Funds and Separate Accounts, sub-advised by ARK Investments, led by investing legend and household name, Cathie Wood.

Ali Urman is ARK Invest’s Genomic Revolution analyst, responsible for the company’s research on Gene editing, DNA sequencing, Stem cell technologies & Immunotherapy.

We discuss the Genomic revolution – Ali explains the transformative convergence of Next-generation DNA sequencing, Artificial Intelligence & CRISPR gene editing. We talked about some of the revolutionary medical breakhthroughs borne out of the massive progress taking place in biotechnology. Following this we get into how ARK picks their Genomics stocks, and the once in decades opportunity markets have handed investors post the recent market drawdowns of the last year, to accumulate diversified holdings in the space. Enjoy the episode.

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Emerge Canada Inc.

Emerge ARK Genomics & Biotech ETF -ticker: EAGB

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ARK Investments – Big Ideas 2022

Ali Urman’s section at pg. 77

ARK Investments Big Ideas 2022

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Copyright © AdvisorAnalyst.com

Eric Balchunas, Bloomberg’s Senior ETF Analyst joins us for a conversation about his journey and discoveries in the course of writing “The Bogle Effect: How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillions.”

Eric has a unique perspective as a senior ETF analyst at Bloomberg Intelligence, having researched and analyzed the Bogle Effect extensively. He is able to combine his data with interviews with Jack Bogle himself and over 50 people who knew him well, including Warren Buffett, Micheal Lewis, Cathie Wood, Cliff Asness, John Bogle Jr., Brad Katsuyama, Gus Sauter and Jason Zweig.

One of Balchunas’ big takeaways is the revelation that passive investing and index funds are not to blame for the rise of passive investing, as they would not have been a big deal without Vanguard’s structure, in the first place.

The Bogle Effect is a biography, analysis, and how-to guide with Balchunas as your tour guide. Through his experiences and insights, Balchunas helps investors and professionals understand the ways that Vanguard and Bogle have impacted the industry.

“He commandeered trillions of dollars, and he only made a few million himself. In the history of Wall Street, the ratio of money touched to money taken was never so high.”- Michael Lewis

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Where to find Eric Balchunas

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Eric Balchunas on Twitter

Eric Balchunas on Linkedin

Trillions Podcast (Bloomberg)

Trillions Podcast (Apple)

The Bogle Effect: How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillions

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Where to find the Raise Your Average crew:

==================================

ReSolve Asset Management

ReSolve Asset Management Blog

Mike Philbrick on Linkedin

Rodrigo Gordillo on Linkedin

Adam Butler on Linkedin

Pierre Daillie on Linkedin

Joseph Lamanna on Linkedin

AdvisorAnalyst.com

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“You don’t have to be brilliant, just wiser than the other guys, on average, for a long time.” Charlie Munger

Welcome to Raise Your Average, our deep dive journey into learning from the people and process behind the world of investing. Through conversations with leaders in the investments game, we peel back the layers of the onion on how these holders of the keys to the kingdom allocate their time, their energy, and their dollars.

We are all students and we are all teachers. We are the average of the 5 people we spend the most time with. Come hang out with us for a while and raise your average, as we raise ours.

Music credit: In Hip Hop, Paul Velchev (8MJZA6T3LK)

Our very special guest Andrew Beer, has a fascinating background and career in finance. He is a managing member at Dynamic Beta Investments, one of the oldest firms doing liquid alternatives. Their mission is to sponsor and roll out ETFs that look like managed futures (CTAs) and hedge funds, except with full transparency, liquidity, and none of the high fees.

Dynamic Beta Investments’ approach is both unique and fascinating, which brings Jack Bogle’s philosophy to the managed futures (CTAs) and hedge fund space.

If you’re looking to liquid alts or manage futures and want to learn more about how these things work, stay tuned, you’ll find this to be an enlightening and insightful conversation.

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Where to find Andrew Beer:

Andrew Beer on Linkedin

Andrew Beer on Twitter

Dynamic Beta Investments

Relevant publications:

It’s Time to Clean Up Managed Futures Mutual Funds

Liquid Alternatives – 2.0

How Hedge Funds Became the New Fixed Income Substitute

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Where to find the Raise Your Average crew:

=========================================

ReSolve Asset Management

ReSolve Asset Management Blog

Mike Philbrick on Linkedin

Rodrigo Gordillo on Linkedin

Adam Butler on Linkedin

Pierre Daillie on Linkedin

Joseph Lamanna on Linkedin

AdvisorAnalyst.com

=========================================

“You don’t have to be brilliant, just wiser than the other guys, on average, for a long time.” Charlie Munger

Welcome to Raise Your Average, our deep dive journey into learning from the people and process behind the world of investing. Through conversations with leaders in the investments game, we peel back the layers of the onion on how these holders of the keys to the kingdom allocate their time, their energy, and their dollars.

We are all students and we are all teachers. We are the average of the 5 people we spend the most time with. Come hang out with us for a while and raise your average, as we raise ours.

Music credit: In Hip Hop, Paul Velchev (8MJZA6T3LK)