Chuck Royce Set for Tonight's CONSUELO MACK WEALTHTRACK
By: Caryn Robbins Apr. 25, 2014
Beginning tonight at 7:30 p.m.(ET) on WLIW21 (New York) and nationwide on public television (check local listings**), "Consuelo Mack WealthTrack" features an exclusive TV interview with "Great Investor" and small cap pioneer Chuck Royce, Director of Investments & Portfolio Manager at The Royce Funds. He explains why a market correction is in our future and why quality companies will lead coming out of it.
"WealthTrack" Anchor & Executive Producer Consuelo Mack says, "This has been an unusual five-year period in the markets -- it's been a "straight-line" from the 2009 bottom up -- making returns look spectacular in an "artificial" slice of time. Royce says this won't continue forever, the markets are cyclical."
Mack explains: "Since the market lows, more speculative stocks have done well, fueled by the extraordinary easy money policies and low interest rates of the Federal Reserve. Companies that were losing money were able to refinance and their stock made big gains, while quality companies, which did not need to refinance, lagged. With the Fed tapering its policies, we have now reached a turning point where quality is taking the lead."
"They are the new kid on the block. They work well in markets of exactly the kind of market we've had, a straight-up market. A straight-up market is ideal for passive investment. There is no corrections to worry about. There is no cash to worry about. You just stay fully invested and you do very well because the market does very well. Now, that market is over. That particular phase of markets are over, and I believe the glamour around ETFs will fade as we move into a more normal volatile market environment."
"Active managers perform a wonderful role. They should be risk managers. They should be taking into consideration at all times the risk/reward of the investments they make. They should think about how much cash position is appropriate for the market cycle. Obviously a passive system doesn't do that, so I very much believe that active management, especially in the small cap universe, is the only way to go. There are many, many active managers. We're one of them. I expect them to do a lot better in a lower return environment."
Get a preview below:
The full interview will be available after tonight's broadcast premiere at wealthtrack.com.
About Consuelo Mack WealthTrack
New episodes premiere every week nationwide on public television (check local listings)
**New York metro area: Fridays at 7:30 p.m. on WLIW21, Saturdays at 8 a.m. on THIRTEEN and Sundays at 10:30 a.m. on NJTV
**Los Angeles area: Saturdays at 8 a.m. on PBS SoCal WORLD, Sundays at 3:30 p.m. on KLCS, and Tuesdays at 11:30pm on KVCRDT3 Desert Cities
**Other markets:
http://www.aptonline.org/catalog.nsf/vLinkTitle/CONSUELO+MACK+WEALTHTRACK+X
Online: New episodes stream Fridays on wealthtrack.com
Since July 2005, Consuelo Mack WealthTrack has provided trustworthy, understandable advice about building and protecting wealth over the long-term from the best minds in the business world. The weekly financial series remains the only program on television devoted to long-term diversified investing. In season 10, WealthTrack continues to give viewers pathways to build their financial security and tackle economic, market and political changes, featuring new interviews with "Great Investors" and "Financial Thought Leaders," including David Winters, Dan Fuss, Richard Bernstein, and Bill Miller. Anchor, Executive Producer and Managing Editor Consuelo Mack, an award-winning, veteran business journalist with an extensive rolodex, handpicks each guest based on their professional credentials, performance and integrity. Following an in-depth discussion about the most significant current trends affecting investors, guests recommend "One Investment" that every individual should own in a long-term diversified portfolio. Each week's episode concludes with Consuelo's "Action Point," one to-do item to help viewers achieve financial security. The series website -
wealthtrack.com - features new upgrades including a redesign to match the series' new HD broadcast look for season 10, and exclusive enhanced content. Full episode streams, Consuelo's "Action Point," guests' "One Investment" picks, transcripts, WealthTrack Web Extra featuring exclusive episode outtakes, interview podcasts and more, are also available at wealthtrack.com.
Consuelo Mack WealthTrack is a presentation of WLIW21 in association with WNET. The series is distributed nationally by American Public Television and sponsored in part by New York Life and MainStay Investments, Loomis Sayles, and Wintergreen Advisers.
Consuelo Mack WealthTrack official websites:
http://facebook.com/wealthtrack
http://youtube.com/wealthtrack
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