Adrian Helfert on Stock/Bond Allocation, Equity Broadening, and Credit Market Richness

Adrian Helfert, chief investment officer of Westwood Holdings Group (AUM ~$16B), joins Forward Guidance to share his quantitative approach to asset allocation. He explains why, even with the drastic surge in interest rates, he prefers an overweight allocation to equities over bonds. Filmed on February 21, 2024. __ Finally, you can easily access Bitcoin in a low-cost ETF with the VanEck Bitcoin Trust (HODL). Visit https://vaneck.com/HODLFG to learn more. VanEck Bitcoin Trust (HODL) Prospectus: https://vaneck.com/hodlprospectus/ __ Follow VanEck on Twitter https://twitter.com/vaneck_us Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ __ Use code FG10 to get 10% off Blockworks’ Digital Asset Summit in March: https://blockworks.co/event/digital-asset-summit-2024-london __ Timestamps: (00:00) Introduction (00:54) Stocks Vs. Bonds (05:19) Upside Downside Capture On Bonds (08:24) Overweight Stocks Over Bonds (21:44) VanEck Ad (22:29) Stock Market Valuations (30:51) Return Attribution In Equity Portfolio (37:26) Breadth In Stock Market (45:00) Notion of "Equity Duration" Is Mostly Just A Narrative (49:11) Comparisons To Dot Com Bubble (53:40) Bond Market Outlook on Credit & Duration Risk (55:55) The Fed And The Wealth Effect As The "Third Leg Of The Monetary Policy Stool" (57:01) Are Financial Conditions Tight Or Loose? (01:01:52) Investing With An Income Focus __ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.