Inside Active by Bloomberg Intelligence
Episodes
Alger’s Crawford on Finding Durable Growth
05 May 2026
Contributed by Lukas
Markets have recently been driven by a narrow set of AI-linked winners, but as these trends become widely recognized, the challenge is identifying wha...
Avantis’ McInnis on Active vs. Passive Spectrum
28 Apr 2026
Contributed by Lukas
Over the past decade, passive investing has dominated flows and performance, but the rapid growth of ETFs and evolving market dynamics are blurring th...
BlackRock’s Jeff Shen on Systematic Edge and AI
22 Apr 2026
Contributed by Lukas
Despite geopolitical tensions, value has held up better than expected, while defensive strategies like low volatility and quality have failed to attra...
T. Rowe’s Rizzo on Finding Technology Winners
14 Apr 2026
Contributed by Lukas
Over the past decade, technology investing has been dominated by a handful of mega-cap companies, but AI is opening the door to a broader and potentia...
Tweedy, Browne’s Spears and Hill on Insider Value
07 Apr 2026
Contributed by Lukas
As value investing has lagged behind in a market led by a narrow group of large-cap growth stocks, insider buying has remained a closely watched signa...
Vanguard’s Johnson on the Bond ETF Shift
31 Mar 2026
Contributed by Lukas
Active fixed-income ETFs are entering a new phase of growth, driven by investor demand, structural advantages and expanding product breadth. In this e...
Strategas’ Todd Sohn on the Active ETF Boom
24 Mar 2026
Contributed by Lukas
Active ETFs may be in a golden age, not just a hot streak, driven by product innovation, lower structural frictions, conversions and potential ETF sha...
CrossingBridge’s Sherman on Return of Capital
17 Mar 2026
Contributed by Lukas
Rating agencies have been broadly positive, but their outlook is turning more cautious — especially in high yield — as geopolitical risks ...
Horizon’s Stahl on Letting Winners Run
10 Mar 2026
Contributed by Lukas
In a market shaped by index concentration and short-term performance pressures, contrarian strategies are leaning into opportunities others may not ha...
Northern Trust’s Abner on Distributing Ladders
03 Mar 2026
Contributed by Lukas
Active ETFs, especially in fixed income, are surging as 10,000 Americans retire each day and demand grows for predictable, outcome-oriented income sol...
Lazard’s Nahal on Capturing Long-Term Megatrends
24 Feb 2026
Contributed by Lukas
The US remains central to AI leadership, but investors should expect broader, more global opportunities to emerge in 2026. In this episode of the Insi...
Simplify’s Michael Green on Passive Distortions
17 Feb 2026
Contributed by Lukas
True passive investing may not exist, as all investing ultimately involves active decisions. In this episode of Inside Active, host David Cohne, mutua...
Acuitas’ Chris Tessin on the Case for Micro Caps
10 Feb 2026
Contributed by Lukas
Bloomberg’s Market Pulse gauge hit an official manic condition at the end of January, where defensive sectors tend to outperform cyclicals and s...
Rockefeller’s Petrone on Active Muni Advantages
03 Feb 2026
Contributed by Lukas
Actively managed municipal bond funds continue to attract strong investor interest, with active mutual funds taking in over $24 billion and active mun...
JPMorgan’s Reiner, McNerny on Active ETF Income
27 Jan 2026
Contributed by Lukas
For JPMorgan’s income managers, discipline means delivering predictable outcomes through rigorous risk management rather than chasing headline y...
VettaFi’s Todd Rosenbluth on Active ETFs in 2026
21 Jan 2026
Contributed by Lukas
Actively managed ETFs took in nearly $500 billion in 2025, indicating growing confidence in active strategies in the ETF wrapper. In this episode of I...
Cambria’s Faber on the Flaw in Market-Cap Indexes
15 Jan 2026
Contributed by Lukas
US value stocks have quietly regained momentum and remain deeply discounted relative to growth, a valuation backdrop that has historically supported s...
T. Rowe Price’s White on Four-Pillar Investing
10 Dec 2025
Contributed by Lukas
Earnings in 3Q beat expectations, but momentum is fading, suggesting a high earnings bar for 2026 and potentially more market volatility. In this epis...
Chesapeake’s Parker on Pure Trend Following
25 Nov 2025
Contributed by Lukas
Earnings season was strong, with profits doubling forecasts and solid margins driving the bull market despite higher volatility. In this episode of In...
VanEck’s Rodilosso & Sokol on Mitigating CLO Risk
11 Nov 2025
Contributed by Lukas
A potential shift in US monetary policy toward fiscal dominance — where government financing influences rates more than inflation control &mdash...
TCW’s Horton on Transforming Legacy Industries
28 Oct 2025
Contributed by Lukas
AI’s next competitive edge is increasingly tied to vertical integration, connecting digital capacity with physical infrastructure. In this episo...
GQG Partners’ Sid Jain on Forward-Looking Quality
14 Oct 2025
Contributed by Lukas
High-quality stocks, measured by profitability, are trading at historically elevated levels, among the strongest in 25 years. In this episode of Insid...
Baron’s Lippert on Secular Growth and Technology
30 Sep 2025
Contributed by Lukas
Despite tariff-related concerns, corporate earnings, especially in the S&P 500, have been stronger than expected. In this episode of Inside Active...
Cusana’s Marshall-Lee on Founder-Led Companies
16 Sep 2025
Contributed by Lukas
Emerging markets have had one of the strongest years since 2017, with currency appreciation a key driver of returns. In this episode of Inside Active,...
Easterly’s Holzer on Asymmetric Return Patterns
02 Sep 2025
Contributed by Lukas
Defined-outcome and options-overlay ETFs take in roughly $3 billion a month, reflecting rising investor demand. In this episode of Inside Active, host...
Chautauqua’s Velarde on Exploiting Time Arbitrage
19 Aug 2025
Contributed by Lukas
The eurozone outlook may depend on an earnings rebound driven by ECB rate cuts and German fiscal stimulus. In this episode of the Inside Active podcas...
T. Rowe’s Giroux on Avoiding Fatally Flawed Firms
06 Aug 2025
Contributed by Lukas
Valuation expansion, not earnings growth, has driven most of the S&P 500’s gains since 2022. In this episode of Inside Active, hosts David C...
Wellington’s Kilbride & Fisher on Dividend Growth
22 Jul 2025
Contributed by Lukas
In June, the equity risk premium was negative for the first time since the early 2000s, indicating that stocks appear expensive relative to bonds and ...
Artisan’s Samra Likens Value to Two-for-One Deal
08 Jul 2025
Contributed by Lukas
With European earnings growth projected to be low in 2025, investors are focusing on a potential recovery in 2026. In this episode of Inside Active, h...
Sands Capital’s Menichella on Its Owner Mindset
24 Jun 2025
Contributed by Lukas
Despite a recent rally, European equities may be overly complacent about trade-war risks. In this episode of Inside Active, host David Cohne, mutual-f...
Allspring’s Rilling on Sources of Bond Alpha
10 Jun 2025
Contributed by Lukas
Bond ratings have been mainly neutral over the past couple of quarters, but it remains to be seen if tariffs have an impact in the coming six months. ...
Morgan Stanley’s Khanduja on Bond Risk Reward
27 May 2025
Contributed by Lukas
After a turbulent couple of months with significant spread widening and subsequent tightening, corporate bonds may remain under threat through year-en...
Fidelity’s Chamovitz, Peck on Opportunistic Value
14 May 2025
Contributed by Lukas
Lower revenue growth for small-cap companies appears to be in store due to tariff turmoil, based on Bloomberg Intelligence’s fair value model on...
Madison Funds’ Haruki Toyama on Moat Investing
29 Apr 2025
Contributed by Lukas
Earnings expectations have shifted from the start of the year when analysts were forecasting 13% growth for large-cap stocks and are now predicting 9%...
Capital Group’s Buchbinder on the Capital System
16 Apr 2025
Contributed by Lukas
In the financial sector, the six largest banks have been returning capital to shareholders in the form of larger buybacks over the past quarter and ye...
Astoria’s Davi on Mitigating Concentration Risk
02 Apr 2025
Contributed by Lukas
Adding the profitability factor to the value factor can filter out value traps and help value stocks outperform the market, according to Bloomberg Int...
DFA’s Schneider on Systematic Flexible Investing
18 Mar 2025
Contributed by Lukas
The Bloomberg Intelligence small-cap BMVP multi-factor portfolio outperformed the Russell 2000 equal-weight index last year, with value, momentum, low...
Osterweis’ Wong on Forward-Looking Quality: Inside Active
04 Mar 2025
Contributed by Lukas
With the number of mergers and acquisitions being positively linked to small-cap performance, this year will be one to watch after a particularly weak...
Polar Capital’s Nøddekær on Economic Value Added
18 Feb 2025
Contributed by Lukas
2025 will be a critical year for China, which needs to continue stimulating demand to stave off prolonged deflationary pressure. In this episode of In...
Needham Funds’ Barr on Hidden Quality Compounders
04 Feb 2025
Contributed by Lukas
The Russell 2000 ended the year on a sour note over unease about where interest rates could go. In this episode of Inside Active, host David Cohn...
T. Rowe Price’s McQueen on Free Cash Flow
21 Jan 2025
Contributed by Lukas
In the latter half of 2024, the healthcare sector underperformed the rest of the European market due to uncertainty related to potential policies of t...
Morgan Stanley’s Slimmon on Factor Exposures
07 Jan 2025
Contributed by Lukas
The low volatility, momentum and quality factors are all up this year, with low volatility and momentum performing the best. In this episode of Inside...
Davis Funds’ Chris Davis on the Earnings Yield
17 Dec 2024
Contributed by Lukas
The Bloomberg Intelligence Fair Value Model is currently showing a 19.1x multiple on the S&P 500, which is lower than where we currently are, due ...
Orbis’ Forster on Importance of Intrinsic Value
10 Dec 2024
Contributed by Lukas
Recent quarterly results from Japanese companies came out better than expected, with quarterly year-over-year growth of around 26%. In this episode of...
Guinness’ Jonathan Waghorn on Sustainable Energy
03 Dec 2024
Contributed by Lukas
Themes ranging from decentralized energy to nuclear to solar have found fresh footing this year due to secular growth trends such as the acceleration ...
Man Group’s Chu On Dispersion in Commodities
26 Nov 2024
Contributed by Lukas
Out of the 31 global stocks found in four or more BI themes, the ones exposed to physical environment issues have outperformed tech stocks dramaticall...
Hotchkis’ Green on High Quality at Low Valuations
18 Nov 2024
Contributed by Lukas
After the results of the US election were announced, the Russell 2000 index broke out of its 2024 range and approached all-time highs. On this episode...
Mitch Zacks on Upward Earnings-Estimate Revisions
12 Nov 2024
Contributed by Lukas
Profitable companies tend to perform well among small caps, as evidenced by the Bloomberg MVP small-cap portfolio, which returned 11.9% annualized in ...
Innovator’s Ashenden on Risk-Managed Exposure
05 Nov 2024
Contributed by Lukas
Buffer ETFs, which use options to limit losses and offer upside potential, have taken in around $10 billion in new flows this year as their popularity...
Oakmark’s Nygren Takes Private Equity Perspective
29 Oct 2024
Contributed by Lukas
Financial stocks could see better earnings growth this quarter than analysts’ consensus, according to Bloomberg Intelligence’s macro model. In thi...
GMO’s Hancock on the Importance of Profitability
22 Oct 2024
Contributed by Lukas
The quality factor is ranked second on the BI Factor Scorecard as higher-quality companies are beating lower-quality ones against a backdrop of a more...
Causeway’s Ketterer on Estimating Intrinsic Value
15 Oct 2024
Contributed by Lukas
Since the US market can be profitable for European companies, any slowdown in the US economy could harm earnings in Europe, but also alleviate high va...
Matthews’ Taylor on AI in Asian Emerging Markets
08 Oct 2024
Contributed by Lukas
Countries in Asia make up the top echelon of the BI Emerging Markets Scorecard, based on factors such as price performance, breadth and fundamentals. ...
Integrity’s Radke and Morey on Dividend Investing
01 Oct 2024
Contributed by Lukas
Capital deployment has been increasing as companies flush with cash ratchet up share buybacks and dividend payments. On this episode of Inside Active,...
JPMorgan’s Agranoff on Differentiated Perspective
24 Sep 2024
Contributed by Lukas
With equities in a fundamental rotation and being shaken by economic surprises, the market may be searching for new sector leadership. On this episode...
Wellington’s Shilling, Shields on Secular Growth
17 Sep 2024
Contributed by Lukas
Wellington’s Andrew J. Shilling and Clark R. Shields, sub-advisers to the Vanguard U.S. Growth Fund, talk about investing in companies with secular ...
Vanguard’s Reyes on Enduring Investment Merit
10 Sep 2024
Contributed by Lukas
Since its inception, Vanguard has maintained that active investing — if delivered in a low-cost way — can play a meaningful role in a client’s p...
William Blair’s Golan on Quality Growth Companies
03 Sep 2024
Contributed by Lukas
Jim Golan, co-manager of the William Blair Large Cap Growth Fund, talks about how he identifies structurally advantaged companies, sectors and themes ...
Calamos’ Kaufman, O’Donohue Spotlight Buffer ETFs
27 Aug 2024
Contributed by Lukas
One of the fastest-growing parts of the ETF market are for lower-risk products, including “buffer ETFs” that give a defined outcome, increasingly ...
Voya’s Coyne on Small-Cap Growth Metrics
20 Aug 2024
Contributed by Lukas
The Russell 2000 plunged this month amid expectations for significant economic weakness and a credit crunch, Michael Coyne, Voya’s head of small-cap...
AdvisorShares Ahrens on Cannabis Investing
13 Aug 2024
Contributed by Lukas
AdvisorShares Chief Operating Officer and Portfolio Manager Dan Ahrens talks vice investing and what it took to get a US cannabis ETF listed with host...
Repetto on Avantis’s Discount Rate Stock Screen
06 Aug 2024
Contributed by Lukas
Eduardo Repetto, Avantis Chief Investment Officer and Portfolio Manager, says he screens for companies that have a good balance sheet and good cash fl...
Fidelity’s Kalra on How to Value Growth Stocks
30 Jul 2024
Contributed by Lukas
Sonu Kalra, manager of the Fidelity Blue Chip Growth Fund (FBGRX), looks for companies in under-penetrated large addressable markets that have above-a...
Trailer: Inside Active
29 Jul 2024
Contributed by Lukas
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