Viewpoints by Steve L. Deroian, Head of Asset Allocation Models and ETF Strategy at John Hancock Investment Management

Steve is responsible for growing the firm’s asset allocation model portfolios and exchange-traded fund (ETF) platforms by expanding product reach and brand recognition, pursuing expanded opportunities for existing offerings, developing new capabilities, and overseeing both businesses. Prior to joining the firm in 2016, he accumulated over two decades of industry experience in a variety of roles, including North America product specialist for risk-based investment solutions at Rothschild Asset Management, where he was charged with driving their strategic beta product and sales strategy. Steve spent the majority of his career at Fidelity Investments, where he held several roles in distribution, marketing, and product management. While at Fidelity, he helped build the foundation for the firm’s current ETF and index fund platform as investment product director for ETFs and index funds. Steve earned a B.A. in History from Boston College.
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Model behavior: the driving forces behind the growth of model portfolios
The increasing awareness of the benefits that models can offer has led to an explosion in products available to financial professionals and their clients, but the proliferation of choice requires careful navigation.
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Multifactor ETFs: focus on portfolio construction, not factor timing
We believe multifactor ETFs are best used as strategic portfolio construction tools for long-term investors.
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A multifactor ETF approach to sector investing
A multifactor ETF approach for sectors may make sense for long holding periods and for investors who want to avoid overconcentration in individual stocks.
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Getting started in multifactor ETF due diligence
Multifactor ETF due diligence involves a combination of techniques used to evaluate active managers and passive index-based ETFs.
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Are low-volatility strategies just value investing in disguise?
Low-volatility ETFs are not the same thing as value investing.
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ETF structure trumps ETF cost—what advisors need to know
The key to ETF due diligence is to shift the focus from cost to structure. We outline a series of questions to ask about what's under the hood of any ETF.
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