Monty Joshi, CFA

2018 Q3: Factor Performance in Review

In Q3, we saw a continued strong run by US equity indices relative to their active and factor-based counterparts. This comparatively strong index performance has been a outlier relative to recent…


Turkey/Lira Aug 2018 Crisis Update

Optimal Asset Management has been managing a smart beta Emerging Market Small Cap strategy for nearly five years (the strategy went live in October, 2013). In light of the recent turmoil currently…


When does Tax-Loss Harvesting with Direct Indexing Work?

Investing directly in the stocks underlying an index through separately-managed accounts opens up numerous benefits unavailable through pooled vehicles such as ETFs or mutual funds.  Of these,…


2018 Q2: Factor Performance in Review

The dramatic increase in stock market volatility witnessed in the first quarter persisted in the second quarter, albeit at a slightly lower clip. The volatility for Q2 was 12.5%. While down from…


2018 Q1: Factor Performance in Review

The first quarter of the year brought stock market volatility that we haven’t seen in years. Our Dynamic Alpha strategy has responded to this environment by adjusting its factor exposures based on…


Universes Factor Allocator

Dynamic Alpha Recent Signal Switch

Monty Joshi, portfolio manager at Optimal Asset Management, takes a closer look at the benefits of factor timing to deliver low cost, data-driven alpha. Optimal Asset Management’s Dynamic Alpha…


Universes Factor Allocator

Q3 Factor Model Report

Momentum maintained its status as the strongest individual factor among the Optimal suite of factors for the third quarter of 2017. Optimal Portfolio Manager, Monty Joshi, highlights this in his Q3…