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Richard Bernstein Advisors launches SMRT ETF portfolios


Richard Bernstein Advisors (RBA) is launching a series of ETF model strategies known as SMRT (Sector Model RoTation) portfolios that will combine RBA’s top-down approach and proprietary earnings and valuation analyses with First Trust Advisors’AlphaDEX methodology.   

SMRT portfolios are designed to manage beta through a market cycle. RBA, founded by CEO Richard Bernstein (pictured) – former chief investment strategist at Merrill Lynch and Institutional Investor All-American Research Team Hall of Fame inductee – uses an array of proprietary macro indicators to assess the market cycle and accordingly focuses on allocating beta effectively among the primary factors of stock returns such as size, style, geography and economic sector. RBA believes that beta is the primary driver of stock returns vs. individual stock selection and thus ETFs are ideal vehicles for the SMRT portfolios. 

The model’s strategies will initially be offered on select UMA platforms as follows:

Richard Bernstein Advisors SMRT Tactical Equity Portfolio–featuring AlphaDEX
Richard Bernstein Advisors SMRT Strategic Equity Portfolio–featuring AlphaDEX
Richard Bernstein Advisors SMRT All-Asset Moderate Portfolio–featuring AlphaDEX

"We are pleased to once again partner with First Trust and to deliver sound equity and asset allocation portfolios for financial advisors and their clients," says Bernstein. "Our investment committee has thoroughly analszed and assessed the AlphaDEX ETF’s and feel their fundamental approach will be a significant benefit within these portfolios."

"RBA’s macro approach and track record makes them an ideal partner for First Trust and the AlphaDEX methodology," says Andy Subramanian, Senior Vice President of First Trust Advisors. "We believe advisors are looking for a top-down approach that utilises merit-based selection, and combining the AlphaDEX lineup within the SMRT portfolios provides that solution."

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