Latest news with #AllWeather
Economic Times
23-05-2025
- Business
- Economic Times
ETMarkets PMS Talk: India's growth + global devaluation = next bull market - Qode's FY26 outlook
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India's structural growth story combined with the looming threat of global currency devaluation could be the perfect recipe for the next big bull run in equities, says Rishabh Nahar, Partner and Fund Manager at Qode Advisors, in this edition of ETMarkets PMS an exclusive interaction, Nahar shares how Qode's quant-driven strategies helped their Tactical and All Weather Funds outperform the BSE 500 TRI in a strong emphasis on risk management , data-backed decision-making, and selective risk-taking, Qode's approach focuses on consistent outperformance, particularly during volatile or bearish managing downside through gold and puts, to identifying high-conviction growth stocks, Nahar explains why volatility isn't risk—and why India is uniquely positioned for long-term equity market gains as global macro headwinds continue to shift. Edited Excerpts –A) We specialise in risk management, and that played out well for us. We protect the portfolios with an element of gold as well as protection using puts. We were rewarded because of having these positions and Qode All weather and Tactical portfolios are pure quant portfolios designed to outperform during bear markets. We have a strong risk management framework in place. Since last year, markets (especially mid- and small-caps) have been elevated, and we were in a risk-off in the last few months have we taken some risk on these portfolios. All these decisions are not made subjectively. We have a pure data-driven approach and have done extensive testing with a deep understanding of markets.A) Our portfolios are designed to weather bad months or large amounts of volatility. The Qode All Weather, as the name suggests, is designed to see lower drawdowns and outperform during bad did not make any tactical changes, since we are a quant fund our models are designed taking years of data that have seen situations like this in the past.A) With all weather and tactical, we try to maintain a low beta, but when markets are beaten down and businesses are available at attractive valuations, we are willing to take on risk. We are not afraid to take risk- when the situation is favourable. Our outperformance will come by protecting downside in bad years. To explain this, here is a simple example:The above table easily shows how drawdowns could affect your returns.A) With Qode Growth Fund and Qode Future Horizons, we are looking at buying businesses that are showing strong earnings momentum. In the Growth Fund, we hold a 30-stock portfolio with an average market cap of 8000 are fairly strong businesses that have shown great execution capabilities in the past. But due to the size of the businesses being smaller, the stock price sees more Future Horizon, we are looking to hold 10-12 fundamentally strong businesses with immense growth potential. This is a more concentrated portfolio because we have a lot of conviction in our understand the business in depth and take a large position in each of them. Because of the larger position sizes, the volatility is higher, but we do not consider volatility as risk.A) Qode Growth Fund, Qode All Weather and Qode Tactical are pure quant funds. Businesses and ETFs are picked based on factors that we think lead to EPS are three pillars we work around: 1. What to buy (fundamentally strong businesses) 2. When to buy (Valuations) and 3. How much to buy (position sizing)All our quant models are built around this framework. All three strategies are built with a data-driven fourth strategy, Qode Future Horizon – we are looking at a quantamental framework because there are lots of great businesses with scattered data or data that's not look to meet the management and understand the business by taking a deep dive individually in each business.A) Our macro view remains fixed at the growth story for India and Equity markets. With the US debt crisis coming closer, a large amount of US debt is maturing in the next four years. Money printing and devaluation will be a large factor for equities to do money printing/devaluation plus a strong position for India will fuel the next bull market . Having exposure to assets like equities/gold and real estate (mostly land) will be a key component for individuals to maintain/grow their wealth.A) We refrain from having such a short-term outlook because markets are a complex place, and in the short run, factors like demand/supply, war, and trade policies will have a larger impact on their movement. Even if we could model all these factors there is no significant upside for anyone to have a view on the markets for a quarter or two.A) We are sector/ theme agnostic. We look for fundamentally strong businesses that have a long runway for earnings growth and promoters that have excellent execution like to own owner-operated businesses with strong brand names and high ROCE's. Most of the businesses we own are completely debt-free and have had a strong earnings momentum.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Time of India
13-05-2025
- Business
- Time of India
PMS Tracker: Top 15 funds gain up to 10% in April, while quant, smallcap strategies falter
At least 15 PMS funds across multi-cap, smallcap, and thematic strategies delivered positive returns in April 2025, with Trivantage Capital Management's Small and Midcap Financials fund leading the charts with a 9.86% gain, according to data from PMS Bazaar. Qode Advisors LLP secured the next two spots with its Tactical Fund and All Weather strategies gaining 9.56% and 8.72%, respectively. 2Point2 Capital's Long Term Value Fund rose 8.10%, while Alchemy Capital Management's High Growth strategy returned 7.14%. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo Thematic and multi-cap strategies also featured prominently among the top performers. Valcreate Investment Managers' IME Digital Disruption Fund delivered a 6.97% return, and Money Grow Asset's Blend Fund added 6.66%. Hem Securities' India Rising SME Stars, a smallcap fund, returned 6.51%. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Other funds in the top 15 include portfolios managed by Systematix Shares, Fractal Capital, Tulsian PMS, and Ambit Investment Advisors, each delivering monthly gains between 5.4% and 6%. Bottom performers: Quant and smallcap funds under pressure While several PMS strategies posted strong gains in April, others saw notable declines. East Green Advisors' Quant Strategy was the biggest laggard, falling 10.37% for the month. Live Events Dynamic Equities' Emerging and Smallcap strategies fell 7.2% and 5.3%, respectively, both underperforming in the smallcap segment. Shree Rama Managers' Lakshmi Plan declined 6.4%, while Samvitti Capital's PMS Active Alpha Multicap slipped 4.7%. Other significant losers included JM Financial 's India Resurgent Portfolio Series – III and Samvitti Capital's Aggressive Growth, both of which slipped 4% in April, and Anand Rathi's Impress PMS, which dropped 3.4%. The list of underperformers also featured strategies from Bonanza Portfolio, Equitree Capital, Carnelian Asset Management, and Alchemy Capital Management, with monthly losses ranging from 2.17% to 3.3%. In April, PMS fund performance varied widely across categories. While several multi-cap, smallcap, and thematic strategies registered solid gains, others — particularly quant-driven and high-beta smallcap portfolios — saw pressure amid market volatility. Also read | Largecap mutual funds gain investor interest, inflows surge by 8% in April
Yahoo
10-04-2025
- Business
- Yahoo
As Recession Fears Loom, Ray Dalio Releases ETF Following His Famed All Weather Investment Strategy
Investors' worries have multiplied in recent weeks as President Donald Trump's plan for tariffs on imports took shape -- and settled in a form that could weigh heavily on U.S. companies, consumers, and the economy. Trump announced the full plan last week, involving various levels of tariffs on imports from countries around the world. From a baseline tariff of 10% for most countries to levels (at this writing) reaching 54% and 32% for China and Taiwan, respectively, the duties were deeper than investors and analysts expected. The concern is that these tariffs, paid by U.S. companies that import the raw materials or finished goods, will weigh on corporate profits. Consumers, facing higher prices on everything from fruit to electronics, will have less to spend on discretionary items. On top of this, economic data has already shown some signs of weakness. For example, U.S. consumer confidence fell for a fourth month in March, and a measure of activity in the services industry slowed to its lowest since June 2024. All this has prompted economists to say a recession is on the way. Many corporate leaders consider a recession to already have arrived, BlackRock chief Larry Fink said this week at an event in New York. In this context, billionaire hedge fund giant Ray Dalio's recent release of an exchange-traded fund (ETF) that could help investors weather any potential storm looks particularly timely. Let's take a closer look. Dalio founded Bridgewater Associates in 1975 and built it into an investment management empire. In 2023, it became the fourth most profitable hedge fund ever. The top investor is known for developing cutting-edge investment strategies covering everything from stocks to bonds and currencies. One of his most well-known strategies, and one that seems compelling during today's market turmoil, is the "All Weather" strategy. The idea is to develop a portfolio that may perform well through any market environment. Dalio launched All Weather in 1996 at Bridgewater, and just a few months ago, he partnered with State Street Global Advisors to open up this strategy to a broader range of investors. With State Street, Dalio is offering the SPDR Bridgewater All Weather ETF (NASDAQ: ALLW), based on the principles of his All Weather strategy. Dalio's All Weather investments generally include the following: -30% in stocks for growth -40% in long-term bonds to offer safety during tough economic times -7.5% in gold to offer safety and serve as an inflation hedge -7.5% in commodities to support performance during inflationary periods The billionaire's research over the years showed that this combination of assets should result in sure and steady performance over time -- something investors may clearly look for today as recession fears mount. So, how can you get in on this ETF, and is it right for you? ETFs trade daily on the market just like stocks, meaning you can buy them as you would a stock. One thing to keep in mind is that ETFs come with fees in the form of expense ratios. It's important to choose an ETF with an expense ratio of less than 1% to preserve your returns over time. The All Weather ETF fits the bill, with a ratio of 0.85%. So, is this the right instrument for you? If you're a very aggressive investor, you may be most drawn to tech stocks or growth ETFs today, to benefit from the declines in valuations. You might favor those high-growth players -- but it's still wise to add a few shares of this "safer" investment to your portfolio. If you're a cautious or middle-of-the-road investor, you might make the All Weather ETF one of your bigger buys today. And in either case, plan on holding on well beyond any difficult times. Why? Both good and bad market times come and go over the years, making Ray Dalio's All Weather strategy a wise one to employ for the long haul, regardless of your investment style or current market conditions. Its mix of assets may offer your portfolio a key element to excel over the long run: Resilience. Before you buy stock in SPDR Bridgewater All Weather ETF, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and SPDR Bridgewater All Weather ETF wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $461,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $578,035!* Now, it's worth noting Stock Advisor's total average return is 730% — a market-crushing outperformance compared to 147% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 5, 2025 Adria Cimino has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. As Recession Fears Loom, Ray Dalio Releases ETF Following His Famed All Weather Investment Strategy was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
10-04-2025
- Business
- Yahoo
As Markets Tumble, Can This New ETF Following Ray Dalio's All Weather Strategy Help Investors Weather the Storm?
Ray Dalio is a legend in the investing world. He founded Bridgewater Associates in 1975, one of the largest traditional hedge funds, managing close to $172 billion in assets. As one might expect, Dalio has done quite well and now has an estimated net worth of $14 billion, according to Forbes magazine. Over the years, he has also developed what he calls an "All Weather" strategy that he believes can steer steer investors through the darkest of storms. Dalio recently teamed up with State Street to bring this strategy to the masses through the SPDR Bridgewater All Weather ETF (NASDAQ: ALLW). With the market getting hammered as of late, is this the right place to put your money to weather the storm? Dalio and his team developed the All Weather strategy after over 25 years of studying history, markets, and working with clients. Some of the key events that led Dalio and his team to form this strategy were President Richard Nixon's decision to break away from the Bretton Woods system that linked the U.S. dollar to gold, and working with McDonald's to help the fast food giant hedge its exposure to chicken prices. Initially, Dalio created the strategy for his family's trust and did not envision it becoming a wide-scale investment product. But the ultimate goal was to develop a strategy that will be able to stand the test of time long after Dalio is gone. The All Weather fund brings together investment approaches from four different strategies, all of which can do well in a certain environment. One of these approaches might thrive when inflation rises, while the other does well when inflation falls. One might do well when growth rises, while the other does well when growth misses expectations. While the strategy has some variations, it might typically look like this: 30% equities, typically by holding the broader benchmark S&P 500 40% U.S. Treasury bonds with maturities of 20 years or more 15% U.S. Treasury bonds with maturities of seven to 10 years 7.5% gold 7.5% commodities The Bridgewater ETF is actively managed, which means it can change a good deal more than a passively managed one and also has higher associated fees. As of April 3, 37% of the fund was invested in a U.S. government money market fund, while 13% of the fund was invested in an S&P 500 ETF. Another 5% of the fund was in Treasury bills, while 4% was invested in an emerging markets ETF. The fund also has exposure to a number of different currencies and some Gold futures. Because the fund is actively managed and stocks have been getting crushed, the fund may have adapted to prepare for more of a risk-off environment, but a lot of the pieces in the All Weather strategy are still present. There are varying assessments of how the strategy has performed long term, but by and large the strategy seems to perform well when stocks do not. Data from OfDollarsandData blog, which is run by Nick Maggiulli, chief operating officer of Ritholtz Wealth Management, showed that the All Weather strategy outperformed in the 1970s, a decade filled with stagflation, and in the first decade of the 2000s, which included both the dot-com bubble and the Great Recession. Over the last five years, Fortune magazine reported that investors have been frustrated with the strategy's performance, which makes sense considering what a strong run it had been for stocks. Essentially, this indicates that the All Weather strategy works best in times of duress. Given the uncertainty surrounding Trump's tariffs and their broader impact, the All Weather strategy could certainly be set to outperform. However, I think it's really all about one's investing horizon. If you're closer to retirement and want to preserve the value of your funds, then the All Weather strategy could be the right pick. However, if you have a longer investing horizon and can afford to stomach some of the near-term volatility that is likely to continue, then you may not want such a conservative strategy. Before you buy stock in SPDR Bridgewater All Weather ETF, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and SPDR Bridgewater All Weather ETF wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $509,884!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $700,739!* Now, it's worth noting Stock Advisor's total average return is 820% — a market-crushing outperformance compared to 158% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 5, 2025 Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. As Markets Tumble, Can This New ETF Following Ray Dalio's All Weather Strategy Help Investors Weather the Storm? was originally published by The Motley Fool
Yahoo
09-04-2025
- Business
- Yahoo
As Recession Fears Loom, Ray Dalio Releases ETF Following His Famed All Weather Investment Strategy
Investors' worries have multiplied in recent weeks as President Donald Trump's plan for tariffs on imports took shape -- and settled in a form that could weigh heavily on U.S. companies, consumers, and the economy. Trump announced the full plan last week, involving various levels of tariffs on imports from countries around the world. From a baseline tariff of 10% for most countries to levels (at this writing) reaching 54% and 32% for China and Taiwan, respectively, the duties were deeper than investors and analysts expected. The concern is that these tariffs, paid by U.S. companies that import the raw materials or finished goods, will weigh on corporate profits. Consumers, facing higher prices on everything from fruit to electronics, will have less to spend on discretionary items. On top of this, economic data has already shown some signs of weakness. For example, U.S. consumer confidence fell for a fourth month in March, and a measure of activity in the services industry slowed to its lowest since June 2024. All this has prompted economists to say a recession is on the way. Many corporate leaders consider a recession to already have arrived, BlackRock chief Larry Fink said this week at an event in New York. In this context, billionaire hedge fund giant Ray Dalio's recent release of an exchange-traded fund (ETF) that could help investors weather any potential storm looks particularly timely. Let's take a closer look. Dalio founded Bridgewater Associates in 1975 and built it into an investment management empire. In 2023, it became the fourth most profitable hedge fund ever. The top investor is known for developing cutting-edge investment strategies covering everything from stocks to bonds and currencies. One of his most well-known strategies, and one that seems compelling during today's market turmoil, is the "All Weather" strategy. The idea is to develop a portfolio that may perform well through any market environment. Dalio launched All Weather in 1996 at Bridgewater, and just a few months ago, he partnered with State Street Global Advisors to open up this strategy to a broader range of investors. With State Street, Dalio is offering the SPDR Bridgewater All Weather ETF (NASDAQ: ALLW), based on the principles of his All Weather strategy. Dalio's All Weather investments generally include the following: -30% in stocks for growth -40% in long-term bonds to offer safety during tough economic times -7.5% in gold to offer safety and serve as an inflation hedge -7.5% in commodities to support performance during inflationary periods The billionaire's research over the years showed that this combination of assets should result in sure and steady performance over time -- something investors may clearly look for today as recession fears mount. So, how can you get in on this ETF, and is it right for you? ETFs trade daily on the market just like stocks, meaning you can buy them as you would a stock. One thing to keep in mind is that ETFs come with fees in the form of expense ratios. It's important to choose an ETF with an expense ratio of less than 1% to preserve your returns over time. The All Weather ETF fits the bill, with a ratio of 0.85%. So, is this the right instrument for you? If you're a very aggressive investor, you may be most drawn to tech stocks or growth ETFs today, to benefit from the declines in valuations. You might favor those high-growth players -- but it's still wise to add a few shares of this "safer" investment to your portfolio. If you're a cautious or middle-of-the-road investor, you might make the All Weather ETF one of your bigger buys today. And in either case, plan on holding on well beyond any difficult times. Why? Both good and bad market times come and go over the years, making Ray Dalio's All Weather strategy a wise one to employ for the long haul, regardless of your investment style or current market conditions. Its mix of assets may offer your portfolio a key element to excel over the long run: Resilience. Before you buy stock in SPDR Bridgewater All Weather ETF, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and SPDR Bridgewater All Weather ETF wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $461,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $578,035!* Now, it's worth noting Stock Advisor's total average return is 730% — a market-crushing outperformance compared to 147% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 5, 2025 Adria Cimino has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. As Recession Fears Loom, Ray Dalio Releases ETF Following His Famed All Weather Investment Strategy was originally published by The Motley Fool Sign in to access your portfolio
