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☆ How BlackRock’s Rick Rieder would reimagine the 60/40 portfolio with today’s higher rates
▼ + stars: | 2024-04-19 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

The balanced portfolio – which typically allocates 60% of assets toward stocks and 40% to fixed income –could use a rethink in today's higher rate environment, according to BlackRock's Rick Rieder. "For 30 years, fixed income was a hedge," said Rieder, the asset manager's global chief investment officer of fixed income, in a phone call with CNBC. A 60/30/10 split Rather than a 60/40 split toward equities and fixed income, Rieder said he would consider a 60/30/10 allocation if he had to build a balanced portfolio. That is, he'd maintain a 60% allocation toward stocks, but keep 30% of the portfolio in "higher income, shorter duration" assets. In addition to AAA-rated CLOs, Rieder also likes European investment-grade credit as a U.S. dollar investor.

Persons: BlackRock's Rick Rieder, Jerome Powell, Rieder, Jared Woodard Organizations: CNBC, Federal Reserve, AAA, Bank of, CLOs Locations: Central

☆ This fixed income play touts yields upward of 6% — and the risk is relatively low, Bank of America says
▼ + stars: | 2024-04-17 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

The firm began coverage of this corner of the ETF space on Monday. An ETF play Woodard's team began coverage of one CLO fund: the Janus Henderson AAA CLO ETF (JAAA) . "Among covered ETFs with higher credit quality, it has the highest yield," Woodard said. There is also BlackRock's AAA CLO ETF (CLOA) , an actively managed offering with an expense ratio of 0.20% and a 30-day SEC yield of 6.59%. Investors digging into the CLO ETF space shouldn't just focus on yield, of course.

Persons: Jared Woodard, Woodard, Jerome Powell, CLOs, Janus Henderson, JAAA Organizations: Federal Reserve, Bank of America, AAA, Janus Henderson AAA CLO, SEC, AA, AAA CLO, CLOs, BBB

☆ Build a tax-efficient portfolio with these funds, Bank of America says
▼ + stars: | 2024-03-19 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

April 15 is the deadline for taxpayers to file their income tax returns and pay sums owed for 2023. MLPs themselves aren't subject to federal income taxes, but limited partners owe taxes on the income distributed. MLPX has a total return of 7.6% in 2024, and MLPA's year-to-date total return is 9.3%, according to Morningstar. In 2024, IYK has a total return of nearly 4.7%, while XLU's total return is about 0.7%, according to Morningstar. MFM's total return this year is 3.66%, and NZF has a total return of 3.4% in 2024, according to Morningstar.

Persons: Jared Woodard, Woodard, —, MLPX, IYK, Morningstar, XLU, NZF Organizations: Bank of America, MLP & Energy Infrastructure, X MLP, Morningstar, Consumer Staples, Income Trust, Income Locations: MLPs, Indonesia, America, Nuveen

☆ Pocket more of your return and save on taxes with these tips, says Bank of America
▼ + stars: | 2024-03-13 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

"Fixed income returns, by contrast, come almost entirely from coupon payments, which can be taxable at the highest rates." You may also want to think about where you're holding these fixed income assets. The fourth step to save on taxes: Consider whether a buyback ETF or a dividend ETF is right for you. Woodard recently highlighted the iShares Core Dividend ETF (DIVB) and the Invesco BuyBack Achievers ETF (PKW) as buyback plays. He also noted that true income investors may want to go with dividend funds, including Schwab US Dividend Equity ETF (SCHD) and Vanguard High Dividend Yield ETF (VYM) .

Persons: It's, Jared Woodard, Woodard, buybacks, they're, DIVB, PKW, SCHD, VYM, Morningstar Organizations: Bank of America, Taxpayers, Schwab, Equity, Vanguard, & ' $

☆ Why these stock buyback ETFs might be a better bet than dividend funds
▼ + stars: | 2024-03-12 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Investors weighing a shift into dividend stocks may be better off focusing on companies with big share buyback programs instead, according to Bank of America. The idea behind focusing on stock buybacks is that companies that can use excess cash to reduce their share count through buybacks are likely on strong financial footing. This is more of a pure-play buyback fund, tracking the Nasdaq US Buyback Achievers Index. To be sure, stock buybacks are a frequent target of politicians and their tax treatment could change in the years ahead. President Joe Biden called for raising the corporate tax rate for stock buybacks at his State of the Union address last week.

Persons: Jared Woodard, Woodard, PKW, Joe Biden Organizations: Bank of America, Bank of America's, Bank of, Nasdaq, Union Locations: buybacks

☆ It's time to buy the dip in nuclear and uranium ETFs, Bank of America says
▼ + stars: | 2024-02-28 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Uranium stocks have cooled off in recent weeks, making this a good time for investors to jump in, according to Bank of America. Many of the biggest uranium stocks like Cameco Corp. are down about 14% in February. Since 2021 clean energy ETFs with heavy exposure to wind and solar power have suffered a sharp bear market ( > 30% losses and $2.4bn outflows), but over the same period investors added $2bn into uranium & nuclear power ETFs," Woodard said. An example of a uranium fund that is seeing such a blip is the Global X Uranium ETF (URA) , which is Woodard's top pick in this space. Another uranium fund that Bank of America is bullish on is VanEck Uranium and Nuclear Energy ETF (NLR) .

Persons: Jared Woodard, Woodard, URA, Canaccord, George Gianarikas, they've, Gianarikas, — CNBC's Michael Bloom Organizations: Bank of America, Cameco Corp, Uranium, Nuclear Energy, Public Service Enterprise Group, Uranium Trust Locations: NLR, Canada

☆ Bank of America thinks these stocks are prime candidates to join the S&P 500, and could outperform
▼ + stars: | 2024-02-23 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Woodard noted that changes to the S & P 500 typically occur following a period of strong growth. The S & P 500 has gained more than 24% in the past year and has climbed more than 4% from the start of 2024. There are two main criteria for adding a stock to the S & P 500, the strategist said. Here's a look at some of the stocks Bank of America thinks are in contention for entry to the S & P 500. Bank of America analyst Craig Siegenthaler thinks the stock could be added to the S & P 500 as soon as mid-March following the index's planned rebalance.

Persons: they've, Jared Woodard, Stocks, Woodard, FactSet, Palantir, Craig Siegenthaler Organizations: Bank of America, Bank of, Walgreens Boots Alliance, Dow Jones Industrial, Amazon, Palantir Technologies, KKR

☆ Investors should take a look at these high-yield bond ETFs with tax advantages, Bank of America says
▼ + stars: | 2024-02-20 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

"Investors have registered $195mn of outflows from HY muni ETFs over the past year while piling $3,130mn into long duration US Treasury bond funds. … In our view, Treasury bond ETFs have too much inflation risk and will continue to underperform Prudent Yield credit assets. Municipal bonds are debt issued by state and local governments whose interest payments can be tax-free for investors. But municipal bonds look relatively safe within that group, according to Bank of America. Bank of America's top-rated municipal bond ETFs include the SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (HYMB) and the VanEck High Yield Muni ETF (HYD) .

Persons: Jared Woodard, Woodard, munis, HYMB Organizations: Bank of America, HY muni, …, Federal Reserve, Bank of America's, Bloomberg, ETF, Muni Locations: HY

☆ BANK OF AMERICA: Buy these 24 companies that are most likely to split their stocks — a move that's historically led to a 25% return in the following 12 months
▼ + stars: | 2024-02-15 | by ( William Edwards | ) www.businessinsider.com time to read: +2 min

If that happens, one source of outperformance could come from individual stocks that undergo a split, according to Bank of America. In a stock split, a company increases the number of its shares on the market. Companies usually issue a stock split to make the entry price of their shares cheaper. Woodard said stocks trading above $500 per share are most likely to issue a split, since their entry prices are more expensive than 95% of stocks in the S&P 500. Below, we've listed the 24 stocks in the S&P 500 that Bank of America also has a "Buy" rating on.

Persons: Jared Woodard, Woodard, Dexcom Organizations: Federal Reserve, Bank of America, Business, Companies, Google, of America

☆ This $1 billion ETF is a smart way to invest in water, Bank of America says. Here's what's in it
▼ + stars: | 2023-11-12 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

Even GDP growth should translate to a 400% increase in water demand by 2050. The First Trust Water ETF (FIW) has an average annual return of 10.5% over the past decade, according to FactSet, and is the top rated fund in the space by Bank of America ETF strategist Jared Woodard. As the impending realities of water scarcity become clearer, we expect water funds to benefit," Woodard said in a Nov. 6 note. FIW ALL mountain The First Trust Water ETF (FIW) has a solid long-term track record. Ferguson's clients include large commercial buildings and water utilities.

Persons: Haim Israel, Jared Woodard, FIW, Woodard, Industrials, Ferguson, Ecolab . Roper Organizations: Bank of America, Water, Trust, Companies, Roper Technologies, Neptune Technology Group Locations: industrials, Minnesota

☆ Bank of America breaks down how to find the perfect ETFs for your portfolio in just 3 steps — and shares 15 top-rated funds with the best risk-adjusted returns
▼ + stars: | 2023-11-07 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Exchange-traded funds (ETFs) are easy to love, but successfully navigating the space can be challenging — even for experienced investors. Like mutual funds, ETFs allow investors to own many stocks at once. For example, investors' returns can be meaningfully altered by relative moves of the US dollar. Within that group, just 15 ETFs had a Sortino ratio of over 1. The Sortino ratio evaluates a fund or ETF's returns on a risk-adjusted basis relative to its downside volatility, and any mark over 1 is seen as solid.

Persons: Jared Woodard, Woodard Organizations: Bank of America, BofA's Research Investment Locations: There's, foolproof, one's, Japan, India, Mexico

☆ Small cap stocks are getting crushed, but this ETF is bucking the trend
▼ + stars: | 2023-11-02 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Small cap stocks have been left in the dust by this year's megacap tech rally, but at least one ETF of smaller companies is holding its own. Bank of America ETF strategist Jared Woodard said in a note to clients Tuesday that there is one small cap ETF in particular that "cuts out the junk" and is outperforming its benchmark. The Pacer US Small Cap Cash Cows 100 ETF (CALF) owns companies with high free cash flow, a key measure of quality," Woodard said. The CALF ETF works by identifying the 100 stocks in the S & P Small Cap 600 index with the highest free cash flow yield. CALF YTD mountain The CALF ETF has outperformed larger small cap funds this year.

Persons: Jared Woodard, Woodard, Russell, — CNBC's Michael Bloom Organizations: Bank of America, American Eagle Outfitters, Wire, Vanguard, Nvidia

☆ Investors should own assets that can benefit from inflation, says BofA Securities' Jared Woodard
▼ + stars: | 2023-09-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should own assets that can benefit from inflation, says BofA Securities' Jared WoodardJared Woodard, head of the Research Investment Committee and head of ETF strategy at BofA Securities, joins 'Squawk Box' to discuss the latest market trends and recent market correction, rest of year outlook, and more.

Persons: Jared Woodard Jared Woodard Organizations: BofA, Research Investment, BofA Securities

☆ This bond ETF is a bet on ‘higher for longer’ and uses options to find extra income
▼ + stars: | 2023-08-11 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

A growing number of investors appear to be trying to squeeze additional cash from long-term bonds with the iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) . "Popular Treasury ETFs, such as [iShares 7-10 Year Treasury Bond ETF ] and [ iShares 20+ Year Treasury Bond ETF ], could lose another 4-8% if yields spike by the end of September," Woodard said. The TLTW presents a strategy to thread the needle and offset declines in bond prices with income from selling call options. The fund works by buying the iShares 20+ Year Treasury Bond ETF (TLT) and then selling call options with strike prices roughly 2% above the market price of the underlying fund. The TLTW also comes with a higher cost than vanilla Treasury funds.

Persons: Bond, …, Jared Woodard, Woodard, iShares, Steve Laipply, TLT, Laipply Organizations: Federal, Bank of America, Treasury, ETF, Treasury Bond ETF, BlackRock, SEC

☆ This ETF is the best way to play a 'goldilocks' health-care sector, Bank of America says
▼ + stars: | 2023-07-28 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

A health-care fund with a strong track record could be in a sweet spot for investors who are looking to take some risk off the table, according to Bank of America. "Since 2006, HCES has been a 'goldilocks' trade for investors looking for high-beta healthcare exposure without extreme volatility," the note said. The firm's top-rated ETF in the space is the iShares U.S. Medical Devices ETF (IHI) , which helps investors avoid the volatile biotech stocks found in broader health-care sector funds. IHI 5Y mountain The IHI has averaged a total return of more than 10% over the past five years. In our view, the trade is far less crowded than broad healthcare for investors looking for defensive exposure," Woodard said.

Persons: Jared Woodard, HCES, Woodard, — CNBC's Michael Bloom Organizations: Bank of America . Investment, Medical Devices, Fisher, Abbott Laboratories, Bank of America Locations: U.S

☆ These 10 stocks will be under-the-radar winners of the inevitable AI takeover, according to Bank of America
▼ + stars: | 2023-07-16 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Here are 10 AI stocks that may be unexpected winners, according to Bank of America. Innovation has boosted productivity throughout history, and AI will be no exception, according to Bank of America. Bank of AmericaBank of America recently released projections about the possible productivity gains from AI through 2025, after which it sees productivity growth retreating to its post-2004 average of 1.4%. "AI stocks are priced for a bygone world of 2% bond yields, low costs of capital, easy globalization, and friendly inflation." Challenges for AI stocks include expensive valuations, low rates of profitability relative to other technology stocks, and other threats like regulation, according to Bank of America.

Persons: Jared Woodard, Woodard Organizations: Bank of America, Bank of America Bank of America, Bank of Locations: Bank of America .

☆ Find A.I. companies truly working in the space, not just mentioning it, says BofA's Woodard
▼ + stars: | 2023-07-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFind A.I. companies truly working in the space, not just mentioning it, says BofA's WoodardJared Woodard, BofA Securities, joins 'The Exchange' to talk A.I. ETFs and the pros and cons for investors looking to put their money in the space.

Persons: BofA's Woodard Jared Woodard Organizations: BofA Securities

☆ Be cautious buying A.I. ETFs, Bank of America says
▼ + stars: | 2023-07-11 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Investors should be wary of buying exchange-traded funds that hold artificial intelligence stocks to chase the trend's big gains, according to Bank of America. On Tuesday, investment and ETF strategist Jared Woodard initiated coverage of eight AI funds, which had an average gain of 27% year to date. … Valuations are steep: the average AI ETF trades at 31x earnings. Bank of America also cautioned that investors should be sure to check the holdings of any AI fund because some AI indexes are "loosely defined." Woodard wrote that the Global X Robotics & Artificial Intelligence ETF (BOTZ) is the closest thing to a "pure play" AI fund.

Persons: Jared Woodard, Woodard, CNBC's Michael Bloom Organizations: Bank of America, Nasdaq, Bank of, Intelligence, Technology, US, Global, Robotics, Nvidia

☆ Active asset allocation looks more important than ever, says BofA's Jared Woodard
▼ + stars: | 2023-06-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailActive asset allocation looks more important than ever, says BofA's Jared WoodardJared Woodard, investment and ETF strategist at Bank of America Securities, joins 'The Exchange' to discuss parts of the bond market out performing equities, asset allocation towards fixed-income ETFs, and reducing risk to interest rate exposure.

Persons: Jared Woodard Jared Woodard Organizations: Bank of America Securities

☆ Municipal bonds can offer your portfolio tax-free income and stability as recession fears loom
▼ + stars: | 2023-06-21 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

"People see [municipal bonds] as a defensive position for two reasons," said Shannon Saccocia, chief investment officer at NB Private Wealth. "Historically, municipal bonds have had low default rates," wrote Jared Woodard, investment and exchange-traded fund strategist at Bank of America, in a June 12 report. For instance, there's the Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares (VCAIX) and the Nuveen New York Quality Municipal Income Fund (NAN) . In select situations, some advisors are recommending closed-end municipal bond funds. Closed-end muni bond funds trading at a deep discount include the BNY Mellon Municipal Income (DMF) and the MFS High Income Municipal (CXE) .

Persons: Shannon Saccocia, Jerome Powell, Jared Woodard, Nisha Patel, Patel, Paul Winter Organizations: Bank of America, Bond, Muni Bond ETF, Vanguard, Income Fund, Five, BNY, Income Locations: York, BNY Mellon

☆ Bank of America warns that the time-tested 60/40 portfolio strategy is on its deathbed — but you can still profit by making these 11 investments
▼ + stars: | 2023-06-21 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

The 60/40 portfolio doesn't work anymore, according to Bank of America. If the 60/40 portfolio was on life support last year, this year its demise is now "confirmed," Woodard wrote. Bonds require 40% of the assets in a 60/40 portfolio but have delivered only 25% of the returns since 1920, he noted. Weak bond returns will lead to "another lost decade" for the 60/40 portfolio, in Woodard's words. For income, Bank of America's researchers unveiled a strategy called "dynamic prudent yield" that promises to beat bond indexes while carrying less risk.

Persons: Bonds, Jared Woodard, Woodard, Woodward, Schwab Organizations: Bank of America, Bank of, RSP, Vanguard, Energy, P Metals, Mining, Uranium, Research, Government Bond ETF, First Trust, Income, Muni Bond ETF, Muni, Blackstone Senior Loan, of America, Bond, SPDR Bloomberg Convertible Securities ETF, US, iShares, Securities ETF, VanEck Preferred Securities, Financials, Bloomberg, Treasury Bond ETF, Treasury

☆ These ETFs could be winners if the Federal Reserve skips a rate hike
▼ + stars: | 2023-06-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

But for investors worried that more Fed rate hikes in the coming months could tip the economy into recession, fixed income might be a more attractive bet. "Municipal bond issuers appear well poised to weather a possible recession in 2023/24. Bank of America has the equivalent of a buy rating on several municipal bond ETFs, including JPMorgan Ultra-Short Municipal Income ETF (JMST) and the iShares National Muni Bond ETF (MUB) . Some large funds that could fit that description include the iShares 3-7 Year Treasury Bond ETF (IEI) , the Schwab Intermediate-Term US Treasury ETF (SCHR) and the Vanguard Intermediate-Term Corporate Bond ETF (VCIT). The actively managed Flexible Income ETF (BINC) launched in May and has about $76 million in assets so far, according to FactSet.

Persons: Michelle Cluver, Andrew Slimmon, Slimmon, Russell, Jared Woodard, Woodard, Cluver, Rick Rieder Organizations: Federal, Global, Morgan Stanley Investment Management, RSP, Nasdaq, Bank of America, JPMorgan Ultra, Muni Bond ETF, Treasury Bond ETF, Treasury, BlackRock

☆ These high-yield ETFs are a smart way to invest in preferred stocks, Bank of America says
▼ + stars: | 2023-06-06 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Preferred stocks are a type of security that is above common stock in a company's capital structure and often pay higher dividend yields. Preferred ETFs offer the most attractive yield relative to bond ETFs in our coverage," the note said. Bank of America gave buy-equivalent ratings to three funds in this category: the iShares Preferred and Income Securities ETF (PFF) , the Global X U.S. Preferred ETF (PFFD) and the VanEck Preferred ex-Financials ETF (PFXF) . "During the 2008/9 great financial crisis (GFC), high exposure to financials weighed heavily on preferred stock returns, as it has done today.

Persons: Jared Woodard, PFFD, VanEck's PFXF, Van Eck, financials, preferreds, Woodard, — CNBC's Michael Bloom Organizations: Bank of America, Securities ETF, Global, U.S . Preferred, Financials

☆ Bank of America says there's a bull market underway in Uranium and names an ETF to play it
▼ + stars: | 2023-05-09 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

There should be a shortage of uranium through 2035, according to Jared Woodard, investment and ETF strategist at Bank of America. At the same time, demand is for uranium — which is a form of nuclear energy — is growing and the "third bull market" could be here. There's also better risk-adjusted returns compared with other commodities and stocks, he said, even if a bull market is just starting. Woodard added that uranium exposure can help diversify a portfolio given its low correlation to other markets markets. Woodard also noted the ETF has the highest number of energy, materials and industrial holdings in North America and Europe.

☆ Bank of America makes big bull call on gold, says this is the perfect time to own bullion ETFs
▼ + stars: | 2023-04-26 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

The stage is set for gold to shine as the bullion makes an ideal hedge for stubborn inflation, according to Bank of America. "That rare thing, an uncorrelated anti-stagflation hedge," Jared Woodard, the firm's investment and exchange-traded funds strategist, said of gold. Bank of America said the precious metal has become particularly appealing as the opportunity cost of financial assets dips. Here are the five bullion ETFs that Bank of America is highlighting: iShares Gold Trust Micro (IAUM) SPDR Gold MiniShares Trust (GLDM) abrdn Gold Shares ETF (SGOL) iShares Gold Trust (IAU) SPDR Gold Shares (GLD) Out of these funds, Bank of America's top-rated ones are GLDM and IAUM. The strategist said these newer "mini" funds have lower expenses than their peers, but they have the same fundamentals backed by physically held gold bullion.

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