The Riskalyze Report: Advisors Dump Broad Indexes, Add Munis

At the request of so many investment advisors, my friends at Riskalyze share the big trends in the assets going into and coming out of advisor portfolios every week. The underlying data is aggregated from hundreds of thousands of client accounts across the $44 billion and counting that advisors manage on the Riskalyze platform*. I hope we can uncover interesting trends for you each week…

Riskalyze

March 7th – 14th 2015

Winners (advisor flows TO these investments increased substantially):  
  1. Muni (SUB, SHM, FKTIX, VCAIX, FCSTX, AFTEX)
  2. REIT (VNQ, IYR, ICF)
  3. Nothing significant

Losers (advisor flows FROM these investments increased substantially):

  1. US Total Stock Market (VTI, RSP)
  2. Doubleline Total Return (DBLTX)
  3. Franklin Income Fund (FKINX)

Josh here – last week was a first for us seeing both broad US stock market index ETFs as well as DoubleLine coming out of advisor portfolios. In the case of DoubleLine, I doubt the selling is performance driven. Jeff Gundlach’s flagship institutional share class fund has bested the category through each of the last few years since inception and is even with it so far this year.

In the winner’s column, we see all manner of muni bond funds catching bids. According to the Wall Street Journal, “insured muni debt” mutual funds were in the top five performing sub-categories during the week ended March 13th.

A word about Riskalyze:

In my practice, we use Riskalyze software tools to help assess clients’ true risk tolerance and to test portfolio configurations that match up accordingly. It’s changed our practice for the better, as I explain here.

Check it out today!

*(to state the obvious, Riskalyze does not share client sensitive data with me or use animals in testing).

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. 토토 commented on Dec 25

    … [Trackback]

    […] Find More Info here on that Topic: thereformedbroker.com/2015/03/16/the-riskalyze-report-advisors-dump-broad-indexes-add-munis/ […]

  2. acl board dimensions commented on Dec 30

    … [Trackback]

    […] Find More Information here to that Topic: thereformedbroker.com/2015/03/16/the-riskalyze-report-advisors-dump-broad-indexes-add-munis/ […]

  3. Reliant Energy Reviews commented on Feb 01

    … [Trackback]

    […] Find More here to that Topic: thereformedbroker.com/2015/03/16/the-riskalyze-report-advisors-dump-broad-indexes-add-munis/ […]