New Frontier Trade Announcement


New Frontier decided to include the iShares minimum volatility ETF (USMV) as part of our global strategic asset allocation fund universe. The purpose is to provide additional risk management capability primarily for lower systematic equity risk portfolios in the light of likely changes in Federal Reserve policy toward interest rate management. The portfolios include a modest allocation to USMV, largely in low and balanced systematic risk portfolios, resulting in small adjustments to other allocations, primarily large cap equity and short term fixed income securities.

About the author

Robert Michaud is the co-holder of four U.S. patents in portfolio optimization and asset management, and is the Chief Investment Officer at New Frontier. He holds a Masters in Mathematics from Boston University and pursued a Ph.D. in finance from the Anderson School of Management at the University of California, Los Angeles before joining New Frontier. In addition to asset allocation and portfolio theory, his research interests include risk models, empirical asset pricing, and international finance. He is co-author of Efficient Asset Management: A Practical Guide to Stock Portfolio Optimization and Asset Allocation, (2nd ed. Oxford University Press, 2008) and research articles in refereed journals.

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