Alex Bryan, CFA, is director of passive strategies for North America at Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. Before assuming his current role in 2016, Bryan spent four years as a manager analyst covering equity strategies. Previously, he was a project manager and senior data analyst in Morningstars Data department. He joined Morningstar in 2008 as an inside sales consultant for Morningstar Office.
Bryan holds a bachelors degree in economics and finance from Washington University in St. Louis, where he graduated magna cum laude, and a masters degree in business administration, with high honors, from the University of Chicago Booth School of Business. He also holds the Chartered Financial Analyst®designation. In 2016, Bryan was named a Rising Star at the 23rd Annual Mutual Fund Industry Awards.
Morningstar ETFInvestor scans the globe for value and improving fundamentals across virtually all asset classes. Editor Alex Bryan draws upon academic and practitioner research including Morningstars sizeable bench of stock, bond and fund analysts to find reliable drivers of outperformance.
Morningstar ETFInvestor features four model portfolios.
The Basic Portfolio harnesses the markets collective wisdom with ultra-low-cost funds and is the baseline portfolio against which the three other portfolios will be compared.
The Defensive Portfolio aims to provide lower volatility, better downside protection, and better risk-adjusted performance than the basic portfolio over the long-term.
The Factor Portfolio is designed to earn higher returns than the basic portfolio over the long-term.
The Income Portfolio attempts to earn a higher distribution yield than the basic portfolio, without taking a lot more risk.
Director of Passive Strategies for North America and EditorAlex Bryan, CFA, is director of passive strategies for North America at Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. Before assuming his current role in 2016, Bryan spent four years as a manager analyst covering equity strategies.Previously, he was a project manager and senior data analyst in Morningstars Data department. He joined Morningstar in 2008 as an inside sales consultant for Morningstar Office.
Momentum and Low Volatility Switching Strategy
I received several inquiries over the past few months about how to implement the momentum and low volatility switching strategy outlined in the February issue of the ETFInvestor newsletter. So, I thought Id share the instructions for retreiving the necessary data with everyone.
Download the monthly index return data for the MSCI USA Index. This data is available on MSCIs website:
Click on the country tab, scroll down to USA and click on the link (you may need to install flash).
Set the index level to gross and the frequency to monthly, then download the data.
Email me and Ill send you the spreadsheet with the formulas for determining whether the strategy indicates its time to hold momentum or low volatility.
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