Guy Lalonde

Decorative pattern

The benefits of ETF fee transparency

ETFs present a special challenge to the advisor when it comes to generating revenue: they act like a mutual fund, but don’t pay a trailer. They’re exchange-traded and commission-based, but have lower turnover than individual stocks. That said, the more actively traded the ETFs, the more a commission-based model can work.

By Guy Lalonde |September 6, 2013

6 min read

Decorative pattern

Market Insights

Alpha versus beta

Should investors spend time choosing the best manager, or diversifying?

By Guy Lalonde |December 1, 2011

6 min read

Decorative pattern

Alpha’s residual nature

In my last article, I noted that a portfolio manager's return is made of two components: beta and alpha. Beta is the return you get by investing in various risk factors, like market risk.

By Guy Lalonde |October 14, 2011

5 min read

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