SMArtX Advisory Solutions
April 1, 2021
SMArtX Advisory Solutions (“SMArtX”), a leading innovator in unified managed accounts (UMA) technology and architect of the SMArtX turnkey asset management platform (TAMP), is pleased to announce the expansion of its UMA Platform with the addition of six new firms and thirteen additional strategies for April.
Book: Contributing Author
March 10, 2021
In The Global Macro Edge, John Netto pulls back the curtain to reveal the tools and techniques he’s used to identify and solve the largest problems facing investors, traders, and financial advisors today at a level of transparency rarely seen in books on investing. The Global Macro Edge includes chapters from a talented team of market practitioners, including Neil Azous, who wrote Chapter 12 – Using Options to Trade the Macro Narrative.
March 2, 2021
“In no way, shape, or form should options-based strategies alone be seen as acting as a ballast in a portfolio to balance the risk profile,” said Neil Azous, founder and chief investment officer of Rareview Capital in Las Vegas. Besides being risky and hard to execute, he says, derivatives fail to provide guaranteed income and “are just one of many possible solutions, none of which is a be-all-end-all.”
Interview: Money Life
February 26, 2021
Neil Azous, chief investment officer at Rareview Capital, says that 10-year real US interest rates — which have been on the rise recently and which jumped on Thursday — are ‘the most impending danger’ to investor portfolios. He says the market is now acting as if the pandemic is nearly over and says that investors need to be thinking of the big economic themes beyond the re-opening, including the changing rate picture.
November 25, 2020
“If bonds cannot continue to rally or go up in price as (they have) in the last 40 years because interest rates are now near zero, then you have a different profile in terms of diversification,” says Neil Azous, founder and chief investment officer at Rareview Capital in Stamford, Connecticut.
Azous says, “Based on what the pandemic has led to, there’s a wholesale change to portfolio construction.” As a result, Azous and others have been implementing other portfolio allocation strategies to compensate for a portfolio’s underperformance.
He highlights that the 40% part of the 60/40 portfolio, which is traditionally made up of nominal bonds, is being replaced with an inflation protection mix of assets, like inflation-linked bonds, commodities or break-even inflation instruments.
These assets, Azous explains, will hedge against inflation in the event of another economic decline. “The function by the government to protect against a market downturn is going to print more money and that is going to be an inflationary event,” he says. “To hedge against that, you need to replace the nominal portfolio of 40% with inflation-linked products.
Interview: Money Life
July 2, 2020
Neil Azous, chief investment officer at Rareview Capital, talks about a unique opportunity in municipal-bond closed-end funds, where the four return streams investors normally pursue are lined up to all potentially be working at the same time.
(Interview begins at 00:27:15 / 01:00:19)