City Different Investments

Insights, market commentary and thought leadership
from the City Different Investments team.

Posts about

Investment Strategies

Mutual Fund Outflows

Mutual Fund Outflows

Separately Managed Accounts (SMAs) have grown from 3% of the total Municipal Market to approximately 23% market share in the last decade (as of 3/31/2023). Mutual funds, on the other hand, make up around 20% of market share, with ETFs coming in at 3%. In other words, SMAs have displaced mutual funds as the largest share of the municipal market,...

Mar 25, 2024

Separately Managed Accounts (SMAs) have grown from 3% of the total Municipal Market to approximately 23% market share in the last decade (as of

Continue Reading
What Easter egg hunts can teach us about investing

What Easter egg hunts can teach us about investing

When my three daughters were little, they loved Easter egg hunts. As I’m sure many of you also do, we’d put candy in plastic Easter eggs and hide them around the house. My high-energy oldest daughter would run from room to room, trying to find easy-to-spot eggs before her sisters. My methodical middle child would pick a room and look in every nook...

Mar 21, 2024

When my three daughters were little, they loved Easter egg hunts. As I’m sure many of you also do, we’d put candy in plastic Easter eggs and hide

Continue Reading
Is Bigger Always Better?

Is Bigger Always Better?

Size can have its advantages — when going with a bigger firm; you may be hoping to experience lower fees because of volume and scale. But, it can also leave many advisors feeling like a “drop in the bucket” if they don’t have a huge amount of assets parked at one of these larger firms. It can also be incredibly difficult to get personalized...

Mar 18, 2024

Size can have its advantages — when going with a bigger firm; you may be hoping to experience lower fees because of volume and scale. But, it can

Continue Reading
Penalty Kicks and Fixed Income

Penalty Kicks and Fixed Income

“Don't fight the Fed” — it’s an adage for a reason, and it’s one we believe in. Why? Because history has mostly demonstrated the Federal Reserve, with its monetary policy tools, is overwhelmingly more powerful (and more informed) than market participants.

Feb 12, 2024

“Don't fight the Fed” — it’s an adage for a reason, and it’s one we believe in. Why? Because history has mostly demonstrated the Federal Reserve,

Continue Reading
Investing Tips from Beer-League Hockey

Investing Tips from Beer-League Hockey

Investing can be demanding. It can require some serious brain power… but more importantly, it’s a battle within yourself. It doesn’t matter how smart you are if you’re too emotional or too biased to use that brain optimally. When circumstances change or when events don’t track your investment thesis, do you change your view? Or do you twist the...

Jan 9, 2024

Investing can be demanding. It can require some serious brain power… but more importantly, it’s a battle within yourself. It doesn’t matter how smart

Continue Reading
Decrease Volatility by Embracing it

Decrease Volatility by Embracing it

In my last blog post, I talked about how “thinking like an endowment trustee” can provide a real advantage to both financial advisors as well as retail investors when thinking through your investing strategy. I serve on the endowment committee for a few nonprofits in the Santa Fe, NM area, and I’m constantly thinking about how to improve...

Dec 18, 2023

In my last blog post, I talked about how “thinking like an endowment trustee” can provide a real advantage to both financial advisors as well as

Continue Reading
Adding SMAs to Your Clients' Portfolios

Adding SMAs to Your Clients' Portfolios

Serving Registered Independent Advisors (RIAs) is at the heart of what we do at CDI. Numerous RIA partners have come to us wanting to either incorporate or diversify their clients’ portfolios (more specifically, to add separately managed accounts (SMAs) to the index and mutual funds those clients currently hold).

Nov 29, 2023

Serving Registered Independent Advisors (RIAs) is at the heart of what we do at CDI. Numerous RIA partners have come to us wanting to either

Continue Reading
Helping Nonprofits Turn Profits

Helping Nonprofits Turn Profits

Among the things I’ve been lucky enough to do in my professional life in Santa Fe, NM, two stand out: I’ve enjoyed a successful career in finance and have been involved with several nonprofits throughout the city and state. Sometimes, those two stories collide wherein I find myself serving on a nonprofit’s endowment committee. And while I love the...

Nov 6, 2023

Among the things I’ve been lucky enough to do in my professional life in Santa Fe, NM, two stand out: I’ve enjoyed a successful career in finance and

Continue Reading
Henry Ford, Labor Strikes, and Investing

Henry Ford, Labor Strikes, and Investing

The Big Three U.S. auto workers went on strike in September. Labor and management couldn’t come to an agreement about how to split the proceeds from producing automobiles. This is such a pivotal economic and political issue that the two leading presidential candidates visited Detroit within a day of each other. The struggle between auto labor and...

Oct 20, 2023

The Big Three U.S. auto workers went on strike in September. Labor and management couldn’t come to an agreement about how to split the proceeds from

Continue Reading

Main Categories

All Blog Posts

Domestic Equity

Global Equity

Fixed Income

Week in Review




Subscribe to Our Insights

Posts about

Investment Strategies

Mutual Fund Outflows

Mutual Fund Outflows

Separately Managed Accounts (SMAs) have grown from 3% of the total Municipal Market to approximately 23% market share in the last decade (as of 3/31/2023). Mutual funds, on the other hand, make up around 20% of market share, with ETFs coming in at 3%. In other words, SMAs have displaced mutual funds as the largest share of the municipal market,...

Mar 25, 2024 Written by: Chris Ryon and Sweta Singh

Separately Managed Accounts (SMAs) have grown from 3% of the total Municipal Market to approximately 23% market share in the last decade (as of

Continue Reading
What Easter egg hunts can teach us about investing

What Easter egg hunts can teach us about investing

When my three daughters were little, they loved Easter egg hunts. As I’m sure many of you also do, we’d put candy in plastic Easter eggs and hide them around the house. My high-energy oldest daughter would run from room to room, trying to find easy-to-spot eggs before her sisters. My methodical middle child would pick a room and look in every nook...

Mar 21, 2024 Written by: Connor Browne and Rob MacDonald

When my three daughters were little, they loved Easter egg hunts. As I’m sure many of you also do, we’d put candy in plastic Easter eggs and hide

Continue Reading
Is Bigger Always Better?

Is Bigger Always Better?

Size can have its advantages — when going with a bigger firm; you may be hoping to experience lower fees because of volume and scale. But, it can also leave many advisors feeling like a “drop in the bucket” if they don’t have a huge amount of assets parked at one of these larger firms. It can also be incredibly difficult to get personalized...

Mar 18, 2024 Written by: Chris Ryon and Sweta Singh

Size can have its advantages — when going with a bigger firm; you may be hoping to experience lower fees because of volume and scale. But, it can

Continue Reading
Penalty Kicks and Fixed Income

Penalty Kicks and Fixed Income

“Don't fight the Fed” — it’s an adage for a reason, and it’s one we believe in. Why? Because history has mostly demonstrated the Federal Reserve, with its monetary policy tools, is overwhelmingly more powerful (and more informed) than market participants.

Feb 12, 2024 Written by: Chris Ryon and Sweta Singh

“Don't fight the Fed” — it’s an adage for a reason, and it’s one we believe in. Why? Because history has mostly demonstrated the Federal Reserve,

Continue Reading
Investing in a Changing Climate

Investing in a Changing Climate

U.S. homeowners are facing the dual challenges of more frequent weather events as well as disappearing property insurance. One company has been steadfast in insuring coastal properties in Florida for the past 15 years.

Jan 22, 2024 Written by: Vinson Walden and Jong Lim

U.S. homeowners are facing the dual challenges of more frequent weather events as well as disappearing property insurance. One company has been

Continue Reading
Investing Tips from Beer-League Hockey

Investing Tips from Beer-League Hockey

Investing can be demanding. It can require some serious brain power… but more importantly, it’s a battle within yourself. It doesn’t matter how smart you are if you’re too emotional or too biased to use that brain optimally. When circumstances change or when events don’t track your investment thesis, do you change your view? Or do you twist the...

Jan 9, 2024 Written by: Rob MacDonald

Investing can be demanding. It can require some serious brain power… but more importantly, it’s a battle within yourself. It doesn’t matter how smart

Continue Reading
Decrease Volatility by Embracing it

Decrease Volatility by Embracing it

In my last blog post, I talked about how “thinking like an endowment trustee” can provide a real advantage to both financial advisors as well as retail investors when thinking through your investing strategy. I serve on the endowment committee for a few nonprofits in the Santa Fe, NM area, and I’m constantly thinking about how to improve...

Dec 18, 2023 Written by: Connor Browne

In my last blog post, I talked about how “thinking like an endowment trustee” can provide a real advantage to both financial advisors as well as

Continue Reading
Adding SMAs to Your Clients' Portfolios

Adding SMAs to Your Clients' Portfolios

Serving Registered Independent Advisors (RIAs) is at the heart of what we do at CDI. Numerous RIA partners have come to us wanting to either incorporate or diversify their clients’ portfolios (more specifically, to add separately managed accounts (SMAs) to the index and mutual funds those clients currently hold).

Nov 29, 2023 Written by: City Different Investments

Serving Registered Independent Advisors (RIAs) is at the heart of what we do at CDI. Numerous RIA partners have come to us wanting to either

Continue Reading
Helping Nonprofits Turn Profits

Helping Nonprofits Turn Profits

Among the things I’ve been lucky enough to do in my professional life in Santa Fe, NM, two stand out: I’ve enjoyed a successful career in finance and have been involved with several nonprofits throughout the city and state. Sometimes, those two stories collide wherein I find myself serving on a nonprofit’s endowment committee. And while I love the...

Nov 6, 2023 Written by: Connor Browne

Among the things I’ve been lucky enough to do in my professional life in Santa Fe, NM, two stand out: I’ve enjoyed a successful career in finance and

Continue Reading
Henry Ford, Labor Strikes, and Investing

Henry Ford, Labor Strikes, and Investing

The Big Three U.S. auto workers went on strike in September. Labor and management couldn’t come to an agreement about how to split the proceeds from producing automobiles. This is such a pivotal economic and political issue that the two leading presidential candidates visited Detroit within a day of each other. The struggle between auto labor and...

Oct 20, 2023 Written by: Connor Browne and Rob MacDonald

The Big Three U.S. auto workers went on strike in September. Labor and management couldn’t come to an agreement about how to split the proceeds from

Continue Reading

Subscribe to Our Insights