Market-cap-weighted index strategies tend to be concentrated in a handful of past winners. Meanwhile, active short-term fixed-income ETFs are often focused on one bond sector. Sam Stovall, CFRA’s Chief Investment Strategist, and Aniket Ullal, CFRA’s Head of ETF & Data Analytics, co-host a discussion on two popular Goldman Sachs ETFs that use a more equally weighted approach. This presentation also included Alexandra Lawson, Client Portfolio Manager, Fixed Income for Goldman Sachs, and Griffin Gall, ETF Product Specialist.
Chief Investment Strategist, CFRA
As Chief Investment Strategist, Sam Stovall serves as analyst, publisher, and communicator of CFRA’s outlooks for the economy, market, and sectors. He is the author of The Seven Rules of Wall Street and The S&P Guide to Sector Investing. He also writes weekly “Sector Watch” and “Investment Policy” reports on CFRA’s MarketScope Advisor platform, and maintains the Industry Momentum and Seasonal Rotation portfolios. His work is also found in CFRA’s flagship weekly newsletter The Outlook.
Head, ETF Data & Analytics, CFRA
Aniket Ullal heads CFRA’s Exchange Traded Fund (ETF) data and analytics business and has worked in the ETF industry since early in its development. He founded First Bridge, one of the industry’s leading ETF data sets that became acquired by CFRA in 2019. Previously, he was the product head for US index products at S&P Dow Jones Indices, which included responsibility for the widely tracked S&P 500 and S&P /Case-Shiller indices. In that role, he partnered with several global asset managers to successfully launch a wide range of index-linked ETFs. He is the author of ETF Investment Strategies (McGraw-Hill; 2013), a featured contributor for Nasdaq.com and his work is frequently cited in the financial press.
Alexandra Lawson, CFA
Client Portfolio Manager, Fixed Income, Goldman Sachs
Alex is a senior fixed-income client portfolio manager within Goldman Sachs Asset Management. She leads client communication for mutual funds, ETFs, and retail separately managed accounts. Alex collaborates on ETF strategy and development. Prior to her current role, Alex was a portfolio manager focused on fixed income strategies. She was responsible for risk budgeting and portfolio construction on multi-sector portfolios, and client portfolio management for single sector strategies. Additionally, Alex was part of the team that oversees the global separate account business for Private Wealth Management. Prior to joining GSAM in 2014, she spent two years working at BNY Mellon as a global fixed income portfolio manager and senior trader; seven years at Barclays Capital and Lehman Brothers in institutional credit sales covering hedge funds, asset managers, insurance companies, and pension funds; and five years as a research analyst covering IG and HY credits at General Electric Asset Management. Alex played basketball professionally for three seasons in Europe and Oceania. Alex has a Bachelor’s of Science degree from the University of Vermont and is a CFA charter holder.
ETF Product Specialist, Goldman Sachs
Griffin is the Exchange Traded Fund (ETF) Product Specialist for the Southeast region within Goldman Sachs Asset Management’s Third Party Distribution and Institutional businesses. Previously, he worked as a Regional Director within the Investment Consulting Group in Third Party Distribution. Griffin joined Goldman in 2008. Prior to joining the firm, Griffin held various sales consulting positions at John Hancock, Van Kampen Investments, and Wells Fargo. Griffin earned a BS in Finance from Miami University and his MBA from the Kellogg School of Management at Northwestern University. He currently lives in Cincinnati, Ohio with his wife and three children.
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