Steve Blumenthal, CEO of CMG Capital Management Group, tells Barron’s funds writer Chris Dieterich that his firm has been clinging to ultra-safe bonds and utility stocks during the market storm. The video segment How to Build A Hunker Down ETF Portfolio, can also be seen below. An excerpt:
“We are what is called an ETF Strategist. We design and build portfolios for specific reasons. ETFs are a great tool because they offer so many ways to have concentrated exposures to markets on a low fee basis.
“Most of the leadership we see now is in fixed income. When we look at our portfolio we’re looking at relative strength. We’re looking to compare different ETFs against each other.”
