Blog

Investing in Gold for RICs August 29, 2017

By Steven Vannelli, CFA in Portfolio Management

For retail investors, there are a few vehicles for exposure to gold. The SPDR Gold ETF (GLD) and the iShares Gold ETF (IAU) are the biggest, lowest cost funds for retail investors. Below are charts of the GLD and the IAU, with price and USD…

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Why Is North America’s Equity Market Underperforming? August 23, 2017

By Steven Vannelli, CFA in Economy, Markets

On a relative basis, compared to the developed world, North American stocks peaked on November 23, 2016, and have since underperformed by about 4% (in USD). In the charts below, we compare the relative performance of our KLSU North America Index to various economic variables….

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This quarter, we look at two important structural changes that appear to be underway: a normalization in US and European monetary policy and a normalization in crude oil inventories. We expect these two trends to have important ramifications for equity sector leadership trends. In addition, we expect…

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