Seeking Alpha

Adam Orlov

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  • Debt Ceiling Crisis, Market Gyrations: Actionable Investment Events? [View article]
    Jonathan,

    Thanks for your question. We continue to underweight emerging market equities and slightly underweight emerging and developed (non-US) sovereign debt; our overweight holdings are in the US: TIPS, large caps, and diversified bond holdings. All of the securities we use to capture those exposures are listed in my article from May 8 (Build My Portfolio: Holos' Adam Orlov Opts for a Value Tilt, Shorter Bond Durations) with a little more detail on the thought process behind each position.

    Best regards,
    Adam
    Aug 15 12:06 PM | Likes Like |Link to Comment
  • Build My Portfolio: Holos' Adam Orlov Opts for a Value Tilt, Shorter Bond Durations [View article]
    As discuss in the article (about four paragraphs from the end), we like WisdomTree because of the fundamental weighting they use in constructing their indices. Many ETFs are market cap weighted, meaning that as a component equity's market price rises (often for non-fundamental reasons), that stock's representation in the portfolio will increase. Especially in overseas markets where transparency can be quite different from what you find in the US, we like indices which are weighted on concrete fundamental metrics. Thanks, Adam
    May 9 04:15 PM | 2 Likes Like |Link to Comment
  • Build My Portfolio: Holos' Adam Orlov Opts for a Value Tilt, Shorter Bond Durations [View article]
    Thanks for your question. I believe I understand what you're getting at and think there might be some confusion around the issue of correlation as opposed to diversification. The price of an ETF holding commodity producers still offers diversification and is largely effected by the value of the products of the companies in the underlying fund. GLD obviously offers much more specific exposure to gold and futures contracts pose a set of valuation challenges that we intentionally avoid by focusing on producers. Regards, Adam
    May 9 04:15 PM | 1 Like Like |Link to Comment
  • Build My Portfolio: Holos' Adam Orlov Opts for a Value Tilt, Shorter Bond Durations [View article]
    Yes, fundamental valuation is the key to our underlying approach and using fundamentally weighted ETFs are a natural extension of that. When a component equity's price is rising (often for non-fundamental reasons), we don't want it's weighting to rise disproportionately in our portfolios. Thanks, Adam
    May 9 04:15 PM | 2 Likes Like |Link to Comment
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