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Michelle Cluver

Michelle Cluver

Michelle joined Global X in 2018 and has been instrumental in establishing the operations and processes for the ETF model portfolio business. She works closely with Jon Maier on the construction and management of the ETF model portfolios while overseeing the broader team that is involved in the management of the model portfolios. Previously, Michelle worked at Merrill Lynch Wealth Management in its ETF model portfolio business. Prior to Merrill, Michelle worked for a boutique asset management firm, with a focus on both South African and developed market equities. Michelle has authored papers on portfolio management with a focus on thematic and income focused investing. She also writes about a broad range of economic topics. Michelle holds a Master’s in International Finance from the Amsterdam Business School and is a CFA Charterholder.

Q4 2022 and Year Ahead Outlook: Downturns Offer Opportunities

Reversing the gains from earlier in Q3, September’s market rout brought U.S. and global equity indexes back into bear market territory. Uncertainty, ... By Michelle Cluver, CFA; Jon Maier

Labor Market Disruption

Rapid economic recovery coming out of the pandemic created distortions in the labor market – raising questions about economic growth and the ... By Michelle Cluver, CFA

Second Half Outlook: Recession or Not, That’s the Question

It appears the hawks and bears may have scared away the doves and bulls, at least in the short term. In the ... By Michelle Cluver, CFA; Jon Maier

Sector Views: The State of the U.S. Consumer

Inflation and rising interest rates create an uphill journey for the consumer and the economy. U.S. real disposable income has been declining ... By Jon Maier; Michelle Cluver, CFA

Russia Ukraine Conflict: Commodities, Inflation and Portfolio Positioning

Inflation and its implications for real economic growth are the main portfolio positioning consideration of the conflict in Ukraine. The Bloomberg Commodity ... By Michelle Cluver, CFA

Supply Chains and the Downstream Implications for Sectors

The COVID-19 pandemic disrupted global supply chains and reveled their fragility. Looking deeper into the current supply chain constraints is important for ... By Jon Maier; Michelle Cluver, CFA

Introducing ETF Model Portfolio Content for Advisors

Global X’s advisor resources offer a new kind of access to our ETF model portfolio expertise. By Jon Maier

Making Sense of the VIX

Do the current low levels of the VIX Index create a disconnect between volatility expectations and the market reality? By Michelle Cluver, CFA

Snap Chart – Converging Yields

Where to find yield within an environment where fixed income and equity yields are converging. By Jon Maier

Q3 Review and Outlook: Red Light or Yellow

The S&P 500 Index entered Q4 with its largest year-to-date gain since 1997. However, risks are rising, and we expect a rocky ... By Jon Maier, Michelle Cluver, CFA

Tomorrow Investing II: What’s Powering New Lifestyles

Lifestyles of Millennials and Gen Zers increasingly reflect available technology. Expressing these trends in a portfolio is growing in importance. By Jon Maier

Q2 Review and Outlook: Green Light or Yellow?

A solid first half helped the market shake off the drubbing it took at the end of last year. But the momentum ... By Jon Maier, Michelle Cluver, CFA

Tomorrow Investing: What Gen Z Wants for Dinner

Investing for tomorrow. Society is changing and becoming more conscious. Topics like wellness and food supply are increasingly important. By Jon Maier

Low Inflation: Consumers See a Core Disconnect

Is the consumers' experience of inflation still below 2%? Tariffs have the potential to put upward pressure on consumer prices. By Jon Maier

Q1 Review and Outlook: Is it calm or is a storm brewing?

What does a more accommodative Fed coupled with lower expected economic growth rates mean for markets? By Jon Maier, Michelle Cluver

As the Brexit Turns

8 days to the deadline and no-deal may be back on the table. By Jon Maier

Brexit: What to Make of It All

The United Kingdom’s complicated divorce from the European Union continues. The following summarizes where Brexit stands and potential political and economic ramifications. ... By Jon Maier, Michelle Cluver, CFA

The Costs of the Government Shutdown

We may be in uncharted territory here, with no precedent for a shutdown measured in months and no party willing to negotiate. By Jon Maier, Michelle Cluver

Q4 and FY 2018 Market Update

2018 started with market exuberance and ended in fear. In this report we look at what drove the market during Q4 and ... By Jon Maier, Michelle Cluver

2019 Market Outlook: A Psychology Test

2019 sets up to be bumpy. Investors should remember to lean on investing fundamentals in their search for long-term equilibrium. By Jon Maier

A Portfolio Manager’s Perspective on Sector Investing in China

Investing in China isn’t what it used to be. China evolving into a more open, global economy adds dynamism to its investment ... By Jon Maier

Q4 and Beyond: Putting Market Uncertainties in their Place

More than a few market riddles face investors in the fourth quarter, the biggest of which may be identifying where we are ... By Jon Maier

Q3 Market Update

Who’s concerned about a trade war anyway? That seems to be the U.S. equity market’s take following a robust third quarter. By Jon Maier, Michelle Cluver

Where Preferreds Fit in Your Portfolio

Yield potential made preferred shares something of a trendy investment; however, with interest rates rising, where should they fit in a portfolio? By Jon Maier

Q&A on the Upcoming GICS Changes

A shakeup in the Global Industry Classification Standard (GICS) is set to have far-reaching implications for portfolio management. By Jon Maier

Q2 Market Update

The first half of 2018 had plenty of drama, without much in terms of absolute returns. By Jon Maier

What to Watch For in the Second Half of 2018

So where do we go from here? The second half is likely to be eventful with tariffs, the Fed, the yield curve, ... By Jon Maier

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Investing involves risk, including the possible loss of principal. Diversification does not ensure a profit or guarantee against a loss. This information is not intended to be individual or personalized investment or tax advice and should not be used for trading purposes. Please consult a financial advisor or tax professional for more information regarding your investment and/or tax situation.

Information provided by Global X Management Company LLC.