Tactical ETF Strategies Archives

Tactical Investment Strategy July 2020

The macro environment remains highly fluid with economic activity rebounding off historic lows and concerns building over a second wave of Covid-19 infections. Our thesis for the third quarter includes a continued recovery in data, but less surprises to the upside, and a continued commitment from policymakers to stay accommodative through 2020. This should keep the tone generally positive for risk markets, with equities volatile but not collapsing on bouts of negative news, and spreads well supported by Fed purchases and the lack of alternatives in a low-yield world. As such, our strategies are appropriately positioned for our outlook with a modest overweight in equities across balanced strategies and overweight spread sectors within fixed income. As the quarter evolves, however, we expect to begin toning down risk as valuations rise and to place an emphasis on security selection over broad beta risk.

Sage Income ETF Strategies Performance Commentary 2Q20

This one-page report details what contributed to and detracted from performance for the Sage Income ETF Strategies in the second quarter.

Tactical ETF Performance Commentary 2Q20

This one-page report details what contributed to and detracted from performance for the Sage Tactical ETF Strategies in the second quarter.

2020 Annual ETF Stewardship Survey

July 9, 2020 — Each year, Sage surveys providers of exchange-traded funds (ETFs) to determine how well they are performing their fiduciary duty on behalf of ETF investors. This year’s survey evaluated ETF Sponsors across five areas – proxy voting, company engagement, climate risk, stewardship resources, and disclosure practices. We received a 100% response rate from 14 ETF Sponsors who collectively represent nearly 90% of the U.S. ETF market, including the top four ETF Sponsors – BlackRock, Vanguard, State Street, and Charles Schwab.