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 signal, particularly during periods of volatility. In this episode of the Inside Active podcast, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, spoke with John Spears and Jay Hill, managing directors with Tweedy, Browne and portfolio managers for the Insider + Value ETF (COPY) and International Insider + Value ETF (ICPY) about combining those ideas into a systematic investment approach. They discuss how they define value today, why insider buying can be a powerful signal, how they separate meaningful trades from noise and how they build portfolios designed to capture the strategy’s long-term results. This episode was recorded on March 24.

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 signal, particularly during periods of volatility. In this episode of the Inside Active podcast, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, spoke with John Spears and Jay Hill, managing directors with Tweedy, Browne and portfolio managers for the Insider + Value ETF (COPY) and International Insider + Value ETF (ICPY) about combining those ideas into a systematic investment approach. They discuss how they define value today, why insider buying can be a powerful signal, how they separate meaningful trades from noise and how they build portfolios designed to capture the strategy&rsquo;s long-term results. This episode was recorded on March 24.

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

Tweedy, Browne’s Spears and Hill on Insider Value

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/821449d6-7012-4180-987e-b42500d1a481/transcript

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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 potentially very different set of future winners. In this episode of Inside Active, host David Cohne, mutual fund and active-management analyst at Bloomberg Intelligence, speaks with Dominic Rizzo, portfolio manager of the T. Rowe Price Global Technology Equity Fund (PRGTX) and the T. Rowe Price Technology ETF (TTEQ), about his investment framework. They explore how Rizzo identifies linchpin technologies and improving fundamentals, and why active managers may be better positioned than passive strategies to uncover the next generation of tech winners. The conversation also covers valuation, portfolio concentration, AI’s effect on productivity and growth, and how private companies like OpenAI and Anthropic fit into the opportunity set. This episode was recorded March 30.

 

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 potentially very different set of future winners. In this episode of Inside Active, host David Cohne, mutual fund and active-management analyst at Bloomberg Intelligence, speaks with Dominic Rizzo, portfolio manager of the T. Rowe Price Global Technology Equity Fund (PRGTX) and the T. Rowe Price Technology ETF (TTEQ), about his investment framework. They explore how Rizzo identifies linchpin technologies and improving fundamentals, and why active managers may be better positioned than passive strategies to uncover the next generation of tech winners. The conversation also covers valuation, portfolio concentration, AI&rsquo;s effect on productivity and growth, and how private companies like OpenAI and Anthropic fit into the opportunity set. This episode was recorded March 30.
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T. Rowe’s Rizzo on Finding Technology Winners

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/737d316f-4f0f-4d15-8c10-b42c011781a0/transcript

Active fixed-income ETFs are entering a new phase of growth, driven by investor demand, structural advantages and expanding product breadth. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, speaks with Jeff Johnson, head of Fixed Income Product at Vanguard, about the rapid rise of active bond ETFs and why fixed income remains a compelling space for active management. They discuss Vanguard’s expansion beyond its indexing roots, the appeal of ETFs for flexibility, liquidity and cost efficiency, and the key design challenges of active strategies in an ETF wrapper, including daily portfolio disclosure and scalability. The conversation also explores where flows are moving across short duration, core and higher-yielding strategies. Recorded March 19.

 

Active fixed-income ETFs are entering a new phase of growth, driven by investor demand, structural advantages and expanding product breadth. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, speaks with Jeff Johnson, head of Fixed Income Product at Vanguard, about the rapid rise of active bond ETFs and why fixed income remains a compelling space for active management. They discuss Vanguard&rsquo;s expansion beyond its indexing roots, the appeal of ETFs for flexibility, liquidity and cost efficiency, and the key design challenges of active strategies in an ETF wrapper, including daily portfolio disclosure and scalability. The conversation also explores where flows are moving across short duration, core and higher-yielding strategies. Recorded March 19.
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Vanguard’s Johnson on the Bond ETF Shift

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/eef0c59e-d02b-4ec7-b813-b41e013a57fa/transcript

Active ETFs may be in a golden age, not just a hot streak, driven by product innovation, lower structural frictions, conversions and potential ETF share classes. In this episode of the Inside Active podcast, host David Cohne, a mutual fund and active management analyst at Bloomberg Intelligence, along with co-host Athanasios Psarofagis, an ETF analyst at BI, speak with Todd Sohn, chief ETF strategist at Strategas Securities. They discuss the current state of the active ETF market, including the breadth of flows across asset classes, the rise of outcome-oriented products and whether crowded areas like buffers and certain derivative-based strategies have become overhyped. They also examine which products helped redefine the category, where active ETFs are taking share and underappreciated areas of future growth such as small-cap, fixed income and alternatives. This episode was recorded on March 16.

Active ETFs may be in a golden age, not just a hot streak, driven by product innovation, lower structural frictions, conversions and potential ETF share classes. In this episode of the Inside Active podcast, host David Cohne, a mutual fund and active management analyst at Bloomberg Intelligence, along with co-host Athanasios Psarofagis, an ETF analyst at BI, speak with Todd Sohn, chief ETF strategist at Strategas Securities. They discuss the current state of the active ETF market, including the breadth of flows across asset classes, the rise of outcome-oriented products and whether crowded areas like buffers and certain derivative-based strategies have become overhyped. They also examine which products helped redefine the category, where active ETFs are taking share and underappreciated areas of future growth such as small-cap, fixed income and alternatives. This episode was recorded on March 16.

Strategas’ Todd Sohn on the Active ETF Boom

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d36f370b-0b41-4fea-9a4e-b41601049955/transcript

Tweedy, Browne’s Spears and Hill on Insider Value

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