Manager Directed Portfolios - iM DBi Managed Futures Strategy ETF

DBMF aims to emulate the performance of a group of CTA hedge funds. The funds model allocates weights to derivatives selected by the funds active managers.

Confounding market and economic signals persist as the year's end draws near. In a year punctuated by heightened uncertainty as investors attempted to navigate a confluence of risk factors, stock and bond correlations proved a significant challenge to traditional portfolios.

The Problem of Mixed Market Signals and Correlations

October's inflation report sent markets soaring Tuesday as investors celebrated a hopeful end to Fed interest rate hikes. Though inflation continues to cool, there remains a potentially longer road ahead to get to the Fed's desired 2%.

Modeling the Benefits of Managed Futures Portfolio Inclusion

Advisors face a number of challenges in current markets, given risks and stock and bond correlations. They must grapple with how to invest smartly as well as keeping their clients invested in the traditional 60/40 portfolio.

When the 60/40 Portfolio Carries the Same Risk as During the GFC

The September slump for U.S. markets picked up speed in October as equities plummeted and bond yields soared. The performance of the iMGP DBi Managed Futures Strategy ETF (DBMF) in October compared to stocks and bonds demonstrates the noncorrelated potential of the fund as a portfolio stabilizer.

DBMF: A Case for Noncorrelated Exposures in Current Markets

Major equity indexes crossed into correction territory this week, only days after the 10-year Treasury hit 16-year highs. With echoes of 2022's route for stocks and bonds reverberating, investors would do well to look beyond traditional portfolio allocations as market troubles continue.

DBMF Delivers “One-Two Punch” Within Managed Futures

Markets remain choppy as investors weigh the path forward for interest rates and inflation. In an environment of higher inflation, stocks and bonds are likely to have higher correlations.

Keep Your Portfolio Dynamic in Uncertain Markets With DBMF

Markets slipped further Friday on news of the 10-year Treasury yield crossing 5% late Thursday. It's part of an ongoing, larger downtrend since August for stocks and bonds.

Diversify With DBMF as 10-Year Treasury Hits 5%

Traditional portfolios have faced several challenges in the last few years as risk factors grow in markets. Perhaps the largest and most overlooked risk to the 60/40 portfolio in a changing market regime is that of correlation.

The 60/40 Portfolio: What Happens When Correlation Is Causation

In a time of higher inflation and increased market volatility, equities and bonds now increasingly move in correlation. It creates vulnerability and challenge for traditional 60/40 portfolios lacking non-correlated exposures.

“60/40 Portfolios are Broken”: Finding A New Toolkit for Markets

September is historically a challenging month for the U.S. market as the summer comes to a close. Though this year proved less painful than 2022, stocks and bonds both fell in September.

DBMF Gained Over 4% in September Market Slump

VettaFi's vice chairman Tom Lydon discussed the iMGP DBi Managed Futures Strategy ETF (DBMF) on this week's “ETF of the Week” podcast with Chuck Jaffe of “Money Life.” For more news, information, and analysis, visit VettaFi | ETF Trends.

ETF of the Week: iMGP DBi Managed Futures Strategy ETF (DBMF)

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Bull vs. Bear is a weekly feature where the VettaFi writers' room takes opposite sides for a debate on controversial stocks, strategies, or market ideas — with plenty of discussion of ETF ideas to play either angle. For this edition of Bull vs.

Bull vs. Bear: Are Low Volatility ETFs Best for Today's Market?

The trend-following megastar of 2022 is at it again heading into the fourth quarter. The iMGP DBi Managed Futures Strategy ETF (DBMF) posted strong third-quarter gains when equities and bonds both fell, and is trending in strong buy territory.

DBMF a Strong Buy at Start of Fourth Quarter

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Hello, VettaFi Voices! Whenever I read about the economy in 2023, the one word that comes up repeatedly in various forms is “uncertain.

VettaFi Voices On: Risk Management in an Uncertain Economy

It's a challenging market out there, with a confluence of complex and often conflicting factors. Andrew Beer, co-founder and managing member of DBi, discussed investing bias and why managed futures make sense for the next decade on a recent podcast.

Andrew Beer: How to Avoid the “Worst Heuristic Bias” in Investing

Bond yields once again hit new highs while the major equity indexes slipped in the wake of the Fed's meeting earlier this week. Concerns of government shutdown also weigh heavily on the broad market.

DBMF Gains 2.5% in One Week, Recovers YTD Losses

The iMGP DBi Managed Futures Strategy ETF offers access to the Commodity Trend. The DBMF ETF has struggled historically during periods of heightened volatility. With several major bets approaching key levels such as the Yen nearing 150 JPY/USD, and rising interest rate and equity volatility, I believe current holders of DBMF should exercise caution.

DBMF: Rising Market Volatility Warrants Caution

iShares Core U.S. Aggregate Bond ETF

SPDR S&P 500 ETF Trust

The Fed's revelation of another likely interest rate hike this year continues to weigh heavily on markets. As equities and bonds fell in September, the non-correlated iMGP DBi Managed Futures Strategy ETF (DBMF) climbed, proving the value of diversification.

Invest for Changing Tides: DBMF Climbs As Equities, Bonds Fall

The increased popularity of portfolio diversifiers in the last few years seems a reasonable response to prolonged market stress and uncertainty. Add in the correlation of stocks and bonds in the U.S.

DBMF Inflows Spike as Investors Ponder an Uncertain Future

Trend-following strategies gained ground with investors in the last few years when markets experienced noteworthy reversals and prolonged volatility. The importance of asset class diversification cannot be understated in trend-following strategies as it allows for better capture of trend reversals.

Diversification Across Asset Classes Matters in Trend-Following

Managed futures are a strong portfolio diversifier and have gained ground with investors in the last eighteen months. DBi seeks to replicate the average performance of the largest managed futures hedge funds with their fund the iMGP DBi Managed Futures Strategy ETF (DBMF) and recently discussed mutual fund replication.

Does DBi Have Its Eye on Single Fund Replication?

The 2020's may well go down as the decade that laid to rest the traditional 60/40 portfolio and underscored the need for non-correlated allocations to stocks and bonds. Given prolonged volatility and market uncertainty, portfolio diversification plays an increasingly integral role in performance in the years to come.

Mind the Macro: The Decade of Portfolio Diversification

Liquid alts remain a grey area of investing for many, given the complexity and wildly varied performance of different managers and strategies. This is particularly apparent within managed futures hedge funds and mutual funds, highlighting the importance of looking beyond just a single manager within the space.

Why Looking Beyond Brands Matters in Managed Futures

Increasingly more replication strategy ETFs are coming to market, allowing more investors to gain access to institutional investment strategies. Managed futures may both the most elegant and the most sensical asset class to capture via ETF replication, according to Andrew Beer, co-founder of Dynamic Beta investments.

The ETF Replication Revolution: Why Managed Futures Are Best

WisdomTree Bloomberg Floating Rate Treasury Fund

In an environment of pronounced volatility and less-than-certain equity and bond performance in the last few years, investors are leaning toward more complex strategies such as alternatives. Managed futures are one such strategy, equally complex and alluring for the strong diversification they can bring to portfolios.

News for Manager Directed Portfolios - iM DBi Managed Futures Strategy ETF ETF (DBMF)