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In this space, Swan reg­u­lar­ly posts about top­ics that are rel­e­vant to investors and finan­cial advi­sors. Sub­scribe to the right to be noti­fied of any new posts.

Pain Index — Better Measure of Risk

Behavioral finance research suggests investors are loss averse, more so than risk-averse. The Pain Index measures the depth, duration, and frequency of losses, and therefore we believe is a better measure of risk that is aligned with how investors think about and react to investment risk, versus standard deviation that measures volatility, or investment price moves up and down around a mean.

By |2018-10-18T11:38:06+00:00October 18th, 2018|Blog|Comments Off on Pain Index — Better Measure of Risk

Omega Ratio

Omega Ratio Download PDF   Risk Metrics Series On the StatMAP, the omega ratio risk metric is a useful risk/return trade-off measurement for tail risk. Put simply, Omega is the ratio of an investment’s [...]

By |2018-10-02T10:56:22+00:00April 26th, 2018|Blog|Comments Off on Omega Ratio

How Some Managers Walk the Line: Analyzing Linear Regressions of Active & Passive Funds

How Some Managers Walk the Line Download Here   Analyzing Linear Regressions of Active & Passive Funds In a recent Swan blog post, we explored how the active-vs-passive debate misses the point by failing [...]

By |2018-10-02T11:09:41+00:00October 12th, 2017|Blog|Comments Off on How Some Managers Walk the Line: Analyzing Linear Regressions of Active & Passive Funds

Waiting Can Cost You: The Importance of Remaining Always Invested

Waiting Can Cost You Download PDF   The Importance of Remaining Always Invested Everyone is familiar with the concept of “fashionably late”: intentionally arriving late to an event in order to impress the other [...]

By |2018-10-02T11:10:38+00:00September 21st, 2017|Blog|Comments Off on Waiting Can Cost You: The Importance of Remaining Always Invested

DRS vs. VIX Strategies — Strategy Comparison Series

DRS vs. VIX Strategies - Strategy Comparison Series Download PDF VIX Strategies – Easy as It Sounds? As part of an ongoing series trying to make sense of the broad, catch-all category called “liquid [...]

By |2018-10-02T11:00:47+00:00August 30th, 2017|Blog|Comments Off on DRS vs. VIX Strategies — Strategy Comparison Series

As the World Turns: Applying A Defined Risk Strategy to Foreign Developed Markets ETFs

As the World Turns: Applying a Defined Risk Strategy to Foreign Developed Markets ETFs Download PDF     The World Spins Madly On Let’s turn back the calendar a year and remember where we [...]

By |2018-10-02T11:11:48+00:00August 17th, 2017|Blog|Comments Off on As the World Turns: Applying A Defined Risk Strategy to Foreign Developed Markets ETFs

Mind the Gap: Premium Collection in a Low Volatility Environment

Volatility levels, commonly measured by the VIX or 'fear gauge', are near all-time lows. How does this affect option premium collection trades? Can they work in such an environment? We explore all of that and more in this detailed post.

By |2018-10-02T11:13:18+00:00August 1st, 2017|Blog|Comments Off on Mind the Gap: Premium Collection in a Low Volatility Environment

Active vs. Passive? It Doesn’t Matter.

The debate over Active vs. Passive investment management has been raging for some time, but does it miss the point? We explore how focusing on one or the other type of approach fails to address the elephant in the room that ultimately plagues investors: systematic risk.

By |2018-10-02T11:13:52+00:00July 18th, 2017|Blog|Comments Off on Active vs. Passive? It Doesn’t Matter.

Reflecting on a 20-Year Track Record of Defining Risk

Reflecting on a 20-Year Track Record of Defining Risk Download PDF   20/20 Vision Quick - where were you 20 years ago? Allow me to provide some context. In the spring, “Wannabe” by The [...]

By |2018-10-16T16:34:03+00:00July 11th, 2017|Blog|Comments Off on Reflecting on a 20-Year Track Record of Defining Risk

Fixing Fixed Income: Systematic Withdrawals

Low yields make generating income in retirement more difficult. However, an investment strategy that can minimize large losses and generate consistent returns over market cycles may sustain systematic withdrawals. See how the DRS can serve as a source of retirement cash flow.

By |2018-10-02T11:15:54+00:00June 29th, 2017|Blog|Comments Off on Fixing Fixed Income: Systematic Withdrawals

Does Fixed Income Need Fixing?

Traditionally, bonds have played two roles within a portfolio: income and capital preservation. However, the worldwide “new normal” monetary policy of ultra-low or even negative interest rates and massive liquidity injections into the financial system has parched savers of yield (income). So, is 'fixed income' broken? Does it need fixing?

By |2018-10-02T11:18:24+00:00June 22nd, 2017|Blog|Comments Off on Does Fixed Income Need Fixing?

Where the DRS Fits: The Case for the DRS as a Core Equity Solution

Where the DRS Fits: The Case for the DRS as a Core Equity Solution Download PDF   How the DRS Can Function as a Core Equity Position Although the DRS was originally designed to [...]

By |2018-10-02T11:19:15+00:00June 5th, 2017|Blog|Comments Off on Where the DRS Fits: The Case for the DRS as a Core Equity Solution

Where the DRS Fits: The Case for the DRS as a Total Portfolio Solution

This post continues the 'Where the DRS Fits' series, exploring how the Swan DRS can serve as a total portfolio solution, as designed by founder Randy Swan.

By |2018-10-02T11:19:37+00:00May 26th, 2017|Blog|Comments Off on Where the DRS Fits: The Case for the DRS as a Total Portfolio Solution

The Importance of Distribution of Returns

When Normal isn't Good. Do you really want to achieve 'market returns'? Actual market returns over time often do not fit a nice, clean, symmetric layout of a 'normal distribution' curve. As such, investors may not realize that striving for market returns might not be in their best interests over time. However, narrowing their distribution of returns is!

By |2018-10-02T11:27:43+00:00December 1st, 2016|Blog|Comments Off on The Importance of Distribution of Returns

Simple, Straight Talk on Put Options

Hedging Your Bets - Conventional wisdom suggests that “hedging your bets” is prudent. This is especially true in situations where the biggest risks lie outside your control. Considering stock markets are trading near all-time highs, investors might wonder how to “hedge your bets” in their portfolios.

By |2018-10-02T11:26:30+00:00November 17th, 2016|Blog|Comments Off on Simple, Straight Talk on Put Options

The Elephant in the Room: Systematic Risk

Virtually every portfolio manager claims to invest in a risk-controlled manner. However, investors looking at their monthly statements during the credit crisis of 2007-08 were probably wondering what happened to those risk controls as their wealth plummeted. How were these losses possible? One explanation is that there are different ways to think of and define risk.

By |2018-10-02T11:28:53+00:00October 15th, 2016|Blog|Comments Off on The Elephant in the Room: Systematic Risk

Growth Creates Growth: Applying the Power of Compound Growth

Albert Einstein supposedly once said that the most powerful force in the universe is compound interest. Naturally investors seek compound growth, but often fail to capture it’s full benefit.

By |2018-10-02T11:34:55+00:00June 28th, 2016|Blog|Comments Off on Growth Creates Growth: Applying the Power of Compound Growth

Capturing the American Dynamism in US Small Cap Equity ETFs

Capturing the American Dynamism in US Small Cap Equity ETFs Download PDF   Early Mover Advantage in Small Cap Equities “Families are always rising and falling in America.” - Nathaniel Hawthorne, The House of Seven [...]

By |2018-10-09T17:04:14+00:00March 29th, 2016|Blog|Comments Off on Capturing the American Dynamism in US Small Cap Equity ETFs

A Sideways Market for U.S. Stocks: Déjà vu All Over Again?

A Sideways Market for U.S. Stocks: Déjà vu All Over Again? Download PDF   Examining Sideways Market Conditions and Investment Strategies Haven’t we seen this before? A well-circulated chart made its way around the [...]

By |2018-10-09T16:36:01+00:00January 6th, 2016|Blog|Comments Off on A Sideways Market for U.S. Stocks: Déjà vu All Over Again?

Is Your Portfolio Suffering from Withdrawals?

Is Your Portfolio Suffering from Withdrawals? Download PDF   Tackling the Distribution Challenge When analyzing the performance of money managers, the industry standard assumes a single investment is made at the start of period [...]

By |2018-10-02T13:01:29+00:00November 19th, 2015|Blog|Comments Off on Is Your Portfolio Suffering from Withdrawals?

Summer Squall or the Start of Hurricane Season?

Summer Squall or the Start of Hurricane Season? Long Term Strategy Designed to Weather the Big Storms Following the sharp drawdown of August 20-25, the market has hovered around correction levels, defined as a drop-off of more [...]

By |2018-10-02T14:28:13+00:00September 1st, 2015|Blog|Comments Off on Summer Squall or the Start of Hurricane Season?

Unique Approach to Hedging Emerging Market Currencies

Emerging Market Currencies - To Hedge or Not to Hedge? At Swan Global Investments we are quite excited about the prospects of our newest investment offering, the Swan Defined Risk placed on Emerging Markets (EM). [...]

By |2018-10-02T15:11:31+00:00May 14th, 2015|Blog|Comments Off on Unique Approach to Hedging Emerging Market Currencies