Presentation is loading. Please wait.

Presentation is loading. Please wait.

Jeff Hays President Hays Advisory, LLC Investor Psychology Monetary Conditions Market Valuation Market Trend.

Similar presentations


Presentation on theme: "Jeff Hays President Hays Advisory, LLC Investor Psychology Monetary Conditions Market Valuation Market Trend."— Presentation transcript:

1

2 Jeff Hays President Hays Advisory, LLC Investor Psychology Monetary Conditions Market Valuation Market Trend

3  Established 1999 in Nashville  Independent, Employee-owned  Over 40 years of Market/Economic Analysis  Disciplined, Long-term investors  Total Firm AUM: $904 Million (06/09)  Dedicated to client education/communication  Research and commentary: Hays Advisory  Established 1999 in Nashville  Over 40 years of Market/Economic Analysis  Disciplined, Long-term investors  Total Firm AUM: $904 Million (06/09)  Independent, Employee-owned  Dedicated to client education/communication  Research and commentary:

4 The Technology Revolution produces A Massive New Flat World which ignites A Spread of Democracy which unleashes A Huge Sponge of New Consumption which launches The Greatest Economic Boom In the History of the World which results in Tremendous Global Stock Market Potential Our Long-Term Theme For Success For Illustrative Purposes Only. We are not soliciting or recommending any action based upon this material.

5 ETF Interest Continues Upward Trend Characteristics ETFs Mutual Funds Diversification Benefits Management Fees 12b-1 Fees Intraday Pricing Transparency Google Search Trends Mutual Funds ETF’s Average 1.4% Maximum 1% As Low As 0.07% Maximum 0.07% For Illustrative Purposes Only. We are not soliciting or recommending any action based upon this material.

6 Hays Global and International ETF Portfolios Investor Psychology MonetaryValuations Market Trend Portfolio Construction Asset Allocation ETF Universe Ranking ETF Selection Investment Committee Our Two Pronged Approach to Adding Alpha Tactical Allocation + For Illustrative Purposes Only. We are not soliciting or recommending any action based upon this material.

7 Investor Psychology Monetary Conditions Market Valuation Market Trend  Psychology P1-P6  Fear/Greed, Smart $/Dumb$  Monetary M1-M6  Yield Curve, Fed, $ on Sidelines  Valuation V1-V6  P/E’s, Apprec. Potential, IBES  Market Trend  Investment & Trading Phases provide a technical component to compliment model Asset Allocation Model For Illustrative Purposes Only. We are not soliciting or recommending any action based upon this material.

8 The Hays Global and International Selection Process ETF Category Weighting Broad / Index Sector Specific Industry Specific Regional Country Specific Domestic and International Final ETF Selections Top 20% Of Entire ETF Universe Investment Committee Volume, Diversification, Expense, Technicals Final ETF Portfolio 7-15 Concentrated Positions For Illustrative Purposes Only. We are not soliciting or recommending any action based upon this material.

9 Purchase Candidates: Technically favorable Top Relative Strength Top 20% Ranking vs. entire ETF universe Sell Candidates: Underperforming ETFs become flagged as sell candidates when performance falls in bottom 40% of ETF universe (Relative Strength)  Similar to the equity portfolios, Hays adheres to a defined buy/sell process in our managed ETF portfolios. ETFs: Purchase and Sell Discipline For Illustrative Purposes Only. We are not soliciting or recommending any action based upon this material.

10 Hays Global ETF Portfolios For Illustrative Purposes Only. We are not soliciting or recommending any action based upon this material.

11 Hays Global ETF Portfolio QTR*YTD* * Inception* Global ETF - Net Global ETF -“Pure” Gross ** MSCI All Country World MSCI EAFE *** S&P 500 TR *** *All returns for periods less than one year have NOT been annualized. Since inception # is annualized return is from 2/1/2006. **“Pure” gross of fees returns are supplemental to net returns. For wrap accounts, “pure” gross of fees returns reflect the deduction of expenses charged by the exchange traded funds but do not reflect the deduction of any other expenses, including trading costs. For non-wrap accounts, which represented 2.9% of the composite assets at the end of the period, “pure” gross of fees returns reflect the deduction of trading costs and expenses charged by the exchange traded funds but do not reflect the deduction of any other expenses. *** The MSCI All Country World Index is the Global Portfolio’s benchmark. We are presenting the S&P & EAFE for comparison only. Performance: Annualized Returns* - Inception 2/1/06 For Illustrative Purposes Only. We are not soliciting or recommending any action based upon this material. Past performance is no indication of future results. Please see important disclosures at the end of this presentation.

12 Global ETF Portfolio Performance Disclosures The recommended asset class portfolio constraints for the Global ETF Composite strategy allow for a client’s portfolio to be invested in as much as 100% ETF equities with a minimum of 50% when market risk rises. While Hays Advisory’s goal is to always adhere to the maximum and minimum constraints, market conditions or other special situations may cause a greater variance. Global ETF composite assets as of June 30, 2009 were 1.22 million, which represented 0.13% of the firm’s total assets. Less than twenty two percent of the assets in the composite were non-fee paying assets. Returns are calculated in U.S. dollars. Client’s returns will be reduced by the advisory fees and any other expenses it may incur in the management of its investment accounts. Hays Advisory’s investment advisory fees are described in detail in Part II of its Form ADV. The market value of Hays Advisory’s portfolios’ investments will fluctuate as the stock and bond markets fluctuate. Market risk may affect a single issuer, industry or sector of the economy or may affect the market as a whole. Stock market conditions vary from year to year, and can result in a decline in market value due to material market or economic conditions. The net performance results portrayed reflect the deduction of advisory fees and other expenses, which the client would have paid during the periods shown. Prior to 2008, the composite contained a single, non-fee paying account. Net performance results were calculated hypothetically by deducting a 1% annual fee billed at 0.25% per quarter – Hays Advisory’s highest applicable management fee during the period – to reflect what a client may have paid during the periods shown. The results portrayed reflect the reinvestment of dividends, capital gains and other earnings when appropriate. Dividends and capital gains may be invested in money market funds or other cash equivalents pending reinvestment in other portfolio securities. Clients and prospective clients should understand that past performance is no guarantee of future results. There is always the chance that market conditions or portfolio performance might deteriorate in the future, and clients may experience real capital losses in their managed accounts. There were no investment strategies employed to obtain the results portrayed other than those strategies disclosed in Hays Advisory, LLC’s Form ADV or other disclosure brochure. The results portrayed are derived from the composite performance of all the discretionary Global ETFaccounts managed by Hays Advisory, including both the equity and fixed income portions of such accounts. The Global ETF portfolio composite results portrayed during the periods are compared to the performance of MSCI All Country World Index. The MSCI ACWI (All Country World Index) Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. The volatility of the MSCI ACWI Index may be materially different from that of the performance composite. In addition, the composite’s holdings may differ significantly from the securities that comprise the MSCI ACWI Index. The MSCI ACWI Index has not been selected to represent the most appropriate benchmark to compare the composite’s performance, but rather is disclosed to allow for comparison of the composite’s performance to that of a well known and widely recognized index. You cannot invest directly in this Index.

13 Hays International ETF Portfolio For Illustrative Purposes Only. We are not soliciting or recommending any action based upon this material.

14 Hays International ETF Portfolio QTR*YTD* * Inception* Int. ETF - Net Int. ETF -“Pure” Gross ** MSCI ACW Excl. US MSCI EAFE *** *All returns for periods less than one year have NOT been annualized. Since inception # is annualized return is from 2/1/2006. **“Pure” gross of fees returns are supplemental to net returns. For wrap accounts, “pure” gross of fees returns reflect the deduction of expenses charged by the exchange traded funds but do not reflect the deduction of any other expenses, including trading costs. For non-wrap accounts, which represented 2.9% of the composite assets at the end of the period, “pure” gross of fees returns reflect the deduction of trading costs and expenses charged by the exchange traded funds but do not reflect the deduction of any other expenses. *** The MSCI All Country World Index Excl. US is the International Portfolio’s benchmark. We are presenting the EAFE returns for comparison only. Performance: Annualized Returns* - Inception 2/1/06 For Illustrative Purposes Only. We are not soliciting or recommending any action based upon this material. Past performance is no indication of future results. Please see important disclosures at the end of this presentation.

15 From 2/1/06 - Fund YTD* /31/06** American EuroPacific Growth 12.57% -40.5% 19.0% 14.97% Templeton Foreign 18.24% -46.1% 17.2% 14.03% Aim Intl Growth Fund 11.04% -40.0% 14.0% 18.77% Vanguard Int’l Growth 14.02% % 16.2% 17.82% Dodge & Cox Int Stock 16.07% % 11.0% 20.16% Hays International ETF Portfolio (net) 19.67% % 29.31% 17.23% * Through 6/30/2009. ** Mutual fund returns calculated using daily Net Asset Value for the period displayed. Hays International ETF Portfolio For Illustrative Purposes Only. We are not soliciting or recommending any action based upon this material. Past performance is no indication of future results. Please see important disclosures at the end of this presentation.

16 International ETF Portfolio Performance Disclosures The recommended asset class portfolio constraints for the International ETF Composite strategy allow for a client’s portfolio to be invested in as much as 100% ETF equities with a minimum of 50% when market risk rises. While Hays Advisory’s goal is to always adhere to the maximum and minimum constraints, market conditions or other special situations may cause a greater variance. International ETF composite assets as of June 30, 2009 were $3.35 million, which represented 0.37% of the firm’s total assets. Eleven percent of the assets in the composite were non-fee paying assets. Returns are calculated in U.S. dollars. Client’s returns will be reduced by the advisory fees and any other expenses it may incur in the management of its investment accounts. Hays Advisory’s investment advisory fees are described in detail in Part II of its Form ADV. The market value of Hays Advisory’s portfolios’ investments will fluctuate as the stock and bond markets fluctuate. Market risk may affect a single issuer, industry or sector of the economy or may affect the market as a whole. Stock market conditions vary from year to year, and can result in a decline in market value due to material market or economic conditions. The net performance results portrayed reflect the deduction of advisory fees and other expenses, which the client would have paid during the periods shown. Prior to 2008, the composite contained a single, non-fee paying account. Net performance results were calculated hypothetically by deducting a 1% annual fee billed at 0.25% per quarter – Hays Advisory’s highest applicable management fee during the period – to reflect what a client may have paid during the periods shown. The results portrayed reflect the reinvestment of dividends, capital gains and other earnings when appropriate. Dividends and capital gains may be invested in money market funds or other cash equivalents pending reinvestment in other portfolio securities. Clients and prospective clients should understand that past performance is no guarantee of future results. There is always the chance that market conditions or portfolio performance might deteriorate in the future, and clients may experience real capital losses in their managed accounts. There were no investment strategies employed to obtain the results portrayed other than those strategies disclosed in Hays Advisory, LLC’s Form ADV or other disclosure brochure. The results portrayed are derived from the composite performance of all the discretionary International ETF accounts managed by Hays Advisory, including both the equity and fixed income portions of such accounts. The International ETF portfolio composite results portrayed during the periods are compared to the performance of MSCI All Country World X US Index. The MSCI ACWI (All Country World Index) ex-USA is a free float-adjusted market capitalization index that is designed to measure equity market performance in the global developed and emerging markets, excluding the United States. The volatility of the MSCI ACWI X US Index may be materially different from that of the performance composite. In addition, the composite’s holdings may differ significantly from the securities that comprise the MSCI ACWI X US Index. The MSCI ACWI X US Index has not been selected to represent the most appropriate benchmark to compare the composite’s performance, but rather is disclosed to allow for comparison of the composite’s performance to that of a well-known and widely recognized index. You cannot invest directly in this Index.

17 Hays Global and International ETF Portfolios ETF portfolios created to take advantage of Global Opportunities Advantages of ETFs vs Mutual Funds Asset Allocation determined by Hays Model - Can raise cash Relative Strength based quantitative process Concentrated portfolios – 7 – 15 positions Call or for availability and fee


Download ppt "Jeff Hays President Hays Advisory, LLC Investor Psychology Monetary Conditions Market Valuation Market Trend."

Similar presentations


Ads by Google