Traditional value investing often focuses on companies trading at low multiples, but cheap stocks can reflect either opportunity or fundamental weakness. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, speaks with Nancy Tengler, CEO and chief investment officer of Laffer Tengler Investments and a portfolio manager for the Wedbush Laffer Tengler New Era Value ETF (TGLR), about how she applies a broader definition of value. They discuss how relative dividend yield and price-to-sales can uncover opportunities, including among former growth stocks, and how fundamental research helps distinguish temporary mispricing from value traps. They also explore the importance of management, free cash flow and capital allocation, why patience matters when an investment thesis takes time to play out, and how valuation and conviction shape position sizing and sell discipline. Recorded Oct. 7.

 

Traditional value investing often focuses on companies trading at low multiples, but cheap stocks can reflect either opportunity or fundamental weakness. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, speaks with Nancy Tengler, CEO and chief investment officer of Laffer Tengler Investments and a portfolio manager for the Wedbush Laffer Tengler New Era Value ETF (TGLR), about how she applies a broader definition of value. They discuss how relative dividend yield and price-to-sales can uncover opportunities, including among former growth stocks, and how fundamental research helps distinguish temporary mispricing from value traps. They also explore the importance of management, free cash flow and capital allocation, why patience matters when an investment thesis takes time to play out, and how valuation and conviction shape position sizing and sell discipline. Recorded Oct. 7.
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Reports of active management's demise have been greatly exaggerated. Active continues to grow and evolve in ETFs while mutual funds prosper and define benefit plans. Bloomberg Intelligence strategy team uncover active opportunities and gleam insights from active managers and those who cover the industry.

Reports of active management's demise have been greatly exaggerated. Active continues to grow and evolve in ETFs while mutual funds prosper and define benefit plans. Bloomberg Intelligence strategy team uncover active opportunities and gleam insights from active managers and those who cover the industry.

Inside Active by Bloomberg Intelligence

Laffer Tengler CEO Tengler on Value Beyond Labels

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5f396541-894e-4fd1-b3cc-b4ea011ca705/transcript

As companies stay private longer, some of the most important emerging businesses remain out of reach for traditional publicly traded funds. In this episode of Inside Active, host David Cohne, Bloomberg Intelligence mutual fund and active management analyst, and co-host Sharoon Francis, BI associate analyst, speak with Tema ETFs founder and CEO Maurits Pot about how active ETFs can use special purpose vehicles to invest in late-stage private companies. They discuss how Tema sources and evaluates private-company investments, why due diligence on the SPV itself is as important as research on the underlying business and how managers approach valuation when there’s no continuously traded market price. They also explore how private holdings affect liquidity and portfolio construction, what happens as an ETF grows or a company goes public and how access to companies such as Anthropic, SpaceX, Kalshi and Polymarket can help build more complete thematic portfolios. Recorded Oct. 13.

 

As companies stay private longer, some of the most important emerging businesses remain out of reach for traditional publicly traded funds. In this episode of Inside Active, host David Cohne, Bloomberg Intelligence mutual fund and active management analyst, and co-host Sharoon Francis, BI associate analyst, speak with Tema ETFs founder and CEO Maurits Pot about how active ETFs can use special purpose vehicles to invest in late-stage private companies. They discuss how Tema sources and evaluates private-company investments, why due diligence on the SPV itself is as important as research on the underlying business and how managers approach valuation when there&rsquo;s no continuously traded market price. They also explore how private holdings affect liquidity and portfolio construction, what happens as an ETF grows or a company goes public and how access to companies such as Anthropic, SpaceX, Kalshi and Polymarket can help build more complete thematic portfolios. Recorded Oct. 13.
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Tema’s Pot on Special Purpose Vehicles in ETFs

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0e9ccdc3-0cd1-4f80-a36b-b4f0015619a8/transcript

Emerging markets are often treated as a single market, but differences in economic cycles, currencies, governance and market structure can create vastly different opportunities from one country to the next. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, and co-host Sharoon Francis, associate analyst, speak with Malcolm Dorson, senior portfolio manager for emerging-market equities and head of emerging market strategy at Global X Management Company, about where active management can add value. They explore how concentration in broad emerging-market benchmarks can limit diversification, why governance and alignment with minority shareholders matter in security selection and how active managers navigate currency, political and liquidity risks. They also discuss targeted country exposure, the interplay between bottom-up research and macro analysis, and what could drive broader adoption of active emerging-market ETFs. Recorded Oct. 8.

 

Emerging markets are often treated as a single market, but differences in economic cycles, currencies, governance and market structure can create vastly different opportunities from one country to the next. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, and co-host Sharoon Francis, associate analyst, speak with Malcolm Dorson, senior portfolio manager for emerging-market equities and head of emerging market strategy at Global X Management Company, about where active management can add value. They explore how concentration in broad emerging-market benchmarks can limit diversification, why governance and alignment with minority shareholders matter in security selection and how active managers navigate currency, political and liquidity risks. They also discuss targeted country exposure, the interplay between bottom-up research and macro analysis, and what could drive broader adoption of active emerging-market ETFs. Recorded Oct. 8.
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Global X’s Dorson on Active’s Edge in EM Markets

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2a6592ff-75d3-4ce5-a1ea-b4e201029382/transcript

Finding fast-growing companies is only part of the challenge for small- and mid-cap managers. The market’s expectations for that growth can matter just as much. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, speaks with Brandon Nelson, portfolio manager for the Calamos Timpani Small Cap Growth Fund (CTSIX) and Calamos Timpani Active SMID Growth ETF (CTAG), about his fundamental-momentum approach to investing. They discuss how Nelson looks for sustainable and underestimated growth, why management’s handling of expectations matters and how valuation factors into security selection. They also explore the importance of letting winners run while maintaining strict sell discipline, how bottom-up research drives portfolio construction and why Nelson continues to see a broad opportunity set in small- and mid-cap stocks. Recorded Sept. 22.

 

Finding fast-growing companies is only part of the challenge for small- and mid-cap managers. The market&rsquo;s expectations for that growth can matter just as much. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, speaks with Brandon Nelson, portfolio manager for the Calamos Timpani Small Cap Growth Fund (CTSIX) and Calamos Timpani Active SMID Growth ETF (CTAG), about his fundamental-momentum approach to investing. They discuss how Nelson looks for sustainable and underestimated growth, why management&rsquo;s handling of expectations matters and how valuation factors into security selection. They also explore the importance of letting winners run while maintaining strict sell discipline, how bottom-up research drives portfolio construction and why Nelson continues to see a broad opportunity set in small- and mid-cap stocks. Recorded Sept. 22.
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Calamos’ Nelson on Finding Fundamental Momentum

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c78f06e1-9c03-4e84-9c54-b4dc01300dd0/transcript

Laffer Tengler CEO Tengler on Value Beyond Labels

Inside Active by Bloomberg Intelligence

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