PREMIUM: BERNSTEIN

Bull Market Believer

After several years of outstanding performance, 2015’s lackluster results have been disappointing for many U.S. investors. Lest we forget, despite this essentially flat year, the S&P 500 has more than doubled since its 2009 lows! All the while investors have been abandoning U.S. stocks. This week’s guest, award winning strategist and macro funds’ manager Richard Bernstein explains why he believes the U.S. bull market still has plenty of room to run.

WEALTHTRACK Episode #1228; Originally Broadcast on January 01, 2016

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RICHARD BERNSTEIN

• CEO & Chief Investment Officer,
• Richard Bernstein Advisors, LLC.

I hope that you and your family have been able to enjoy the holiday season and its spirit of joy, love and giving.

After several years of outstanding performance, 2015’s lackluster results have been disappointing for many U.S. investors. Lest we forget, despite this essentially flat year, the S&P 500 has more than doubled since its 2009 lows! All the while investors have been abandoning U.S. stocks.

According to this week’s guest, Richard Bernstein, this has been the least believed bull market in memory. As we start 2016, we’ll find out why he is still a believer.

Bernstein is the Founder, Chief Executive and Chief Investment Officer of Richard Bernstein Advisors, an independent investment advisor which focuses on longer-term strategies combining top-down macro-economic analysis and quantitative portfolio construction.

Bernstein manages several mutual funds, along with other portfolios. The funds include his flagship Eaton Vance Richard Bernstein Equity Strategy fund.

It is rated 4-star by Morningstar and has outperformed its World Stock category and market benchmark over the past 3 and 5 year periods.

If you miss WEALTHTRACK on television due to holiday festivities, you can always watch it on our website, WealthTrack.com.  You will also find our exclusive online EXTRA interview with Bernstein, where he’ll share his thoughts on active vs. passive management.

Thank you for watching.  Have a very happy New Year!  We will do our best to make 2016 a profitable and a productive one for all of us.

Best Regards,

Consuelo

HAVE A COMFORTABLE LEVEL OF STOCKS IN YOUR PORTFOLIO

• What’s comfortable is a personal decision
• Stocks are necessary for long-term capital appreciation and dividend growth to overcome inflation’s negative impact on purchasing power
• Ability to stay invested through market corrections and bear markets differs dramatically among investors

No Bookshelf titles this week.

HEDGED VALUES

• WisdomTree Europe Hedged Equity ETF (HEDJ)
• WisdomTree Japan Hedged Equity ETF (DXJ)
• 

HEDJ data by YCharts

INDEX DILEMMA

The passive versus active investing debate continues to rage among professional and amateur investors, with more new money flowing into passive, index based funds. Richard Bernstein knows both worlds. He actively manages the asset allocation in his portfolios, using multiple index funds at his investment firm, Richard Bernstein Advisors. We asked him for his view on the trend to passive.
(video available soon)