Barron's 400 Index

The Barron's 400 Newsletter Archive
An occasional newsletter about the Barron's 400 Index for knowledgeable investors, financial advisors and investment managers.

2018 in Review and a Look Ahead at 2019 - Jan 7, 2019
The Barron's 400 Index closed 2018 with a forgettable fourth quarter, falling 22.3% on a price-only basis from the end of August through New Year's Eve.

The Barron's 400 Doubles Down on the U.S. Economy - Sep 28, 2018
When U.S. markets opened for trading last Monday morning, the Barron's 400 Index debuted its updated constituent lineup, having replaced 149 companies, or 37.3% of its roster.

Barron's 400 ETF (NYSE Arca: BFOR) Celebrates 5-Year Milestone - Jun 8, 2018
Congratulations are in order to our partners at ALPS this week as the ETF tracking the Barron's 400 ETF (BFOR), a member of their fund lineup, celebrated its fifth anniversary on Monday.

The Newly Reconstituted Barron's 400: A Little Less 'Gig' Economy, a Lot More Builders of 'Things' - Mar 23, 2018
On Monday the Barron's 400 Index kicked off its new "rebalance" semester amidst a very different market environment from the one it enjoyed during the prior six months.

2017 in Review and a Look Ahead at 2018 - Jan 8, 2018
The Barron's 400 Index had another strong year in 2017, gaining 18.2% on a price return basis and 19.7% on a total return basis (which includes dividends).

Company Earnings: the Tried and Tested Source of Stock Market Returns - Oct 20, 2017
The success of our free enterprise system may be distilled to a simple and powerful idea: throughout modern history the mutually beneficial arrangement between investors and companies

The Barron's 400 Index 10-Year Anniversary - Sep 29, 2017
The Barron's 400 Index celebrated its 10-Year anniversary earlier this month and to mark the occasion we thought our readers would enjoy a look back at what has been an incredible decade.

Diversification Is Dead - Jun 23, 2017
In the multi-factor, smart (or is it strategic?) beta race currently underway, investors may be forgiven for not keeping up with their factor definitions.

B400 Rebalance Review: Looking Forward Through the Rearview Mirror - Mar 24, 2017
Before the reader jumps ship thinking we are about to revisit the history of the 20th century, let's make something clear: today we're only going back to the semester just ended; that is, the rebalance semester ended last Friday for the Barron's 400 index.

2016: Year In Review - B400 Gains 18.3% - Jan 6, 2017
When Barron's introduced the Barron's 400 Index on the cover of its September 3, 2007 issue, it aptly described its new index as "a money-making tool for investors."

Uncommon Wisdom - A Personal Reflection on the U.S. Election Through the Lens of B400 - Nov 11, 2016
What a difference a day makes. Readers of The Wall Street Journal woke up to an incongruous headline buried near the bottom of yesterday's page one that read: "Stocks Surge As Investors Put Money On Stimulus", which appeared well below the much larger "A New Political Order" primary headline, and rightfully so

The Barron's 400 Rebalance - Changes in Company Fundamentals' Drive Sector Turnover - Sep 23, 2016
As per the index methodology, the Barron's 400 (B400) rebalanced last Friday since it was the 3rd Friday of September. When the markets opened on Monday this week, the reconstituted portfolio was implemented and the prices of the new constituents started to drive the performance of the B400.

Barron's 400 + Income = A Smoother Path Forward - Aug 5, 2016
Equity income products are more popular than ever and have attracted significant assets in recent years.

B400: The Incidental Asset Allocator - May 27, 2016
The Barron's 400 Index is up 1.3% so far this year (price-only return through Wednesday's close) but the last year has not been a kind one to the index.

Barron's 400 Finds Plenty of Growth at a Reasonable Price in Latest Rebalance - Apr 1, 2016
The Barron's 400 Index completed its latest semi-annual rebalance last week, adding 155 new constituents to its roster and, once again, improving the quality of its fundamentals by selecting the top 8% of all companies in the U.S. followed by MarketGrader.

Introducing the Barron's 400 Index Hall of Fame - Feb 26, 2016
The objective of the Barron's 400 Index is to serve as a benchmark for investors seeking capital appreciation from the U.S. equity market.

2015: Year In Review - Jan 22, 2016
The middle of January is typically a time period during which investors are still reviewing how they performed the year before and planning for the year ahead.

Barron's 400 Companies Growing and Very Reasonably Priced - Dec 7, 2015
With the end of the year rapidly approaching, investors are focused on shopping for much more than holiday gifts this year.

New B400 Rebalance Underscores Growing Dichotomy Between U.S. Economy and Stock Market - Sep 25, 2015
The Barron's 400 Index completed its semi-annual reconstitution last Friday, once again improving its fundamental profile and, in the process, picking up some bargains courtesy of the ongoing malaise surrounding U.S. equities.

The Barron's 400 Goes On Sale - Aug 28, 2015
Investors in some of 'America's Most Promising Companies,' also known to our regular readers as the Barron's 400 Index, have probably rejoiced at the stock market's recent behavior, which in the span of two weeks put some of their favorite stocks on sale (along with many other not-so-favorite names).

Barron's 400 Index Mid Year Update - Jul 10, 2015
The Barron's 400 Index closed another successful semester last week, largely recovering the ground lost to its benchmark, the Dow Jones U.S. Total Stock Market Index (DJUSTSM), in 2014.

GARP: From Theory to Practice - May 8, 2015
Federal Reserve Chairwoman Janet Yellen spooked the stock market on Wednesday by suggesting the six year-long stock market rally may be getting long in the tooth, stating that equity valuations "at this point are generally quite high," during a conversation with IMF Director Christine Lagarde in Washington D.C.

Our Favorite Spring Traditions: Cherry Blossoms, the Return of Baseball and the Barron's 400 Index Rebalance - Mar 25, 2015
Our regular readers will forgive us by now if our seasonal enthusiasm extends beyond the return of tax season or the unavoidable ubiquity of March Madness basketball.

Size Matters - Feb 20, 2015
Our dissection of Barron's 400's results in 2014, presented in our January Newsletter, concluded that the index's failure to keep up with the market benchmarks last year was clearly attributed to its small to mid cap bias.

Barron's 400 Index Lags Large Cap-Biased Market in 2014 - Jan 9, 2015
The Barron's 400 Index followed its stellar 2013 results with an respectable total return of 7.1% in 2014, which, nevertheless, failed to keep pace with the overall market.

Investor Focus Back to Earnings - Oct 31, 2014
Although investor concerns about a slowing European economy, the Ebola outbreak and ongoing conflicts in the Middle East have by no means been put to rest, most of the recent focus on the stock market has (rightfully) been directed again to U.S. corporate profits.

B400 Takes Contrarian Turn In Latest Rebalance - Sep 26, 2014
Despite many months of build-up and anticipation in the run-up to one of the most celebrated IPOs ever, Alibaba captured the imagination of millions of investors and of capitalists everywhere when, a week ago, in listing its shares publicly for the first time ever, it automatically became one of the 25 most valuable public companies in the world.

Channeling Buffett - Sep 5, 2014
Iconic value investor Ben Graham built a career and a pristine reputation buying companies trading below their intrinsic value and waiting for the market to recognize their true worth.

Is a Small Cap Melt-Up Coming for B400? - Aug 1, 2014
By the time the daily financial media issues the death sentence of a particular asset class, investment style or, in today's case, market cap segment, chances are professional and sophisticated investors have long ago been in on the trend.

Barron's 400 Mid Year Update - June 20, 2014
The Barron's 400 Index enters the second half of the year in pretty solid financial shape after grinding its way up to a 4.2% gain through yesterday's close in what has been a pretty rocky first half of the year for equities.

An Index For all Seasons - Even Frigid Winters of Negative GDP Growth - May 30, 2014
Yesterday's report by the Commerce Department confirming the widely held assumption that the U.S. economy had, in fact, contracted during the year's first quarter, has investors wondering how stock indexes can continue piercing through record levels in the face of such economic lethargy.

Active vs. Passive - Apr 25, 2014
A question we often hear from investors is whether the Barron's 400 Index is, indeed, an index and not an actively managed portfolio given its unique selection methodology.

Barron's 400 Index - Q1 Update - Apr 11, 2014
The Barron's 400 Index, along with other major U.S. equity benchmarks, took a breather during the year's first quarter following 2013's remarkable gains.

Barron's 400 Index Undergoes Semi-Annual Rebalance - Mar 24, 2014
When the U.S. stock market opens today, the Barron's 400 Index will have 153 new members following its latest semi-annual rebalance, which was completed at the close of trading last Friday.

B400 Growth Keeping Up With Stock Prices as It Readies Rebalance - Mar 14, 2014
The Barron's 400 Index has gained 12.2% (through March 12) since its last rebalance on September 23, 2013. It is also up 29.3% in the last year. Meanwhile, the S&P 500 has gained 20.2% since March 2013.

Are U.S. Companies Manufacturing Growth Through Share Buybacks? - Feb 24, 2014
Billionaire and activist investor Carl Icahn usually makes news with his successful corporate proxy fights, which are more often than not very profitable for him and his investors.

History Shows B400 Rebounds After Downturns Like This One - Feb 7, 2014
After a serenely munificent 2013, the market abruptly turned rough this year. Among many things, investors are worried about the strength of continued economic recovery in the United States and globally.

Can B400 Rise Again in 2014? - Jan 24, 2014
A good deal of our time every January is spent listening to (and mostly reading from) some of the brightest economic forecasters and market strategists around and this year has been no exception.

B400 Has Best Year in 2013 Since Its Launch - Jan 03, 2014
The Barron's 400 Index fittingly closed 2013 at a new record of 512.32, up 40.0% for the year, narrowly surpassing its 2009 performance of 39.1%.

50 Shades of Value - Dec 20, 2013
What is the value of a public company's share? The obvious answer is the price that any given buyer is willing to pay for it.

Is B400 a "Riskier" Index? - Dec 06, 2013
A common question we get from investors upon learning of the historical performance of the Barron's 400 Index is "how risky is it?" Our typical answer is "what do you mean by risky?"

John Prestbo's Take On B400's Q3 Earnings Season - Nov 16, 2013
With Q3 earnings season drawing to a close we would like to shine a spotlight this week on John Prestbo's excellent coverage of if from B400's perspective.

The Barron's 400: Growth or Value? - Nov 09, 2013
Investors wondering where B400 might best fit in their portfolio, particularly from a style perspective, should take a look at how the index is broken down into companies with dominant growth or value characteristics, our subject for today's column.

The Halloween Hobgoblin of High Valuations - Nov 01, 2013
The performance of the Barron's 400 in 2013 perhaps begs questions about too much of a good thing, and how much prosperity a B400 adherent can really stand.

New Kids On the Block - Oct 25, 2013
In its September 3, 2007 cover story introducing the Barron's 400 Index, Barron's aptly described the new index as a collection of "America's Most Promising Companies" and a "twist on growth-at-a-reasonable-price."

A New Earnings Season - Oct 11, 2013
Few investors could be blamed for failing to notice that a new earnings season is kicking off this week, with the financial news media largely dominated during the last ten days by the budget and debt ceiling fight in Washington.

B400 Quarterly Review - Oct 04, 2013
The Barron's 400 Index closed a solid third quarter on Monday, September 30, gaining 9.87% for the period, handily surpassing the performance of the overall U.S. stock market

B400 Undergoes Semi-Annual Rebalance - Sep 23, 2013
The Barron's 400 Index was reconstituted last Friday after the stock market closed, following its customary bi-annual rebalance schedule.

Time Machine 3: Five Years Later - Sep 16, 2013
Despite all the summer turmoil and palpable market nervousness, B400 had managed to close on Friday, September 12 down 'only' 11.6% for the year, still ahead of the overall market, which was down 13.9% as measured by the Dow Jones U.S. Total Stock Market Index.

Time Machine 2: Five Years Later - Sep 13, 2013
As memories fade and we strain to recall how exactly we got the scars earned by those of us active in this business half a decade ago, a few quick, obvious answers come to mind before we dig beneath the surface

The Barron's 400 Time Machine - Sep 03, 2013
Even though the Barron's 400 is still in its infancy when compared to long established indexes, such as the Dow Jones Industrial Average (first calculated in 1896), it has been around long enough to have seen quite a bit of cycles and market gyrations, if not outright turmoil.

What Happens in Vegas ... May Come from Texas - Aug 23, 2013
The best way to win in Las Vegas may not be at the craps or poker tables but actually by owning the casino. B400 investors, through the ETF that follows it (NYSE Arca: BFOR), have done so by owning Las Vegas Sands (LVS), for example, up almost 22% year to date.

B400 Quarterly Results Improve Average Company Grade, but Only By a Little - Aug 17, 2013
The companies whose stocks are in the Barron's 400 Index brought forth admirable gains in both revenue and profit in the difficult second quarter, but barely nudged their MarketGrader scores a tad higher.

Earnings Season Improves for B400 As It Nears Close - Aug 09, 2013
As the earnings-reporting season winds down for companies in the Barron's 400 Index, the surprises in per-share profit and revenue reveal some surprises of their own.

B400 Mid Summer Update - Aug 02, 2013
In the spirit of the light trading days of summer we'll keep today's missive short and sweet. This should make it easier for those of you who follow us every week not to miss a beat while reading from your smart phone or tablet, poolside or at the beach, wherever this may reach you.

A Leap Into the Small Cap End of the Pool - Jul 26, 2013
As investors continue to recover from their post-Apple quarterly earnings call hangover (was it ok that they only earned $6.9 billion last quarter on a measly $35.3 billion in sales?) we would like to offer iAddicts a refreshing small cap palliative to help hold them over until the next show.

How B400 Plays the Shale Boom - Jul 19, 2013
Investors who have been living under a shale rock formation in the last five years may have failed to notice the revolutionary energy transformation under way in the U.S., where natural gas and oil production are up 33% and 46% in the last five years.

Tooting Our Own Horn - Jul 12, 2013
"Perhaps the less we have, the more we are required to brag" wrote John Steinbeck in his famous novel East of Eden.

Is B400 a Volatile Index? - Jun 28, 2013
Being a reasonably priced growth index is all well and good, but does the Barron's 400 soar and plunge so drastically that it gives you whiplash?

The Beginning of the Great Rotation? More like the End of the Great Distortion. - Jun 22, 2013
It is not coincidental, in our view, that the stock market peaked on May 21st, one day before Ben Bernanke testified in front of Congress's Joint Economic Committee.

Barron's 400 Newsletter - Jun 14, 2013
Beginning this week this column will highlight some of the many stories found within the Barron's 400 Index and offer our insights and perspectives on the U.S. stock market as seen through the B400 lens.

New Barron's 400 ETF (Symbol: BFOR) Launches on NYSE Arca - Jun 07, 2013
An ETF based on the Barron's 400 Index began trading Tuesday, June 4, 2013, under the ALPS ETF Trust. The ETF (BFOR) seeks results corresponding to the underlying stocks included in the Barron's 400 Index.

The Barron's 400 Index - May 31, 2013
Welcome to B400, an occasional newsletter about the Barron's 400 Index for knowledgeable investors, financial advisors and investment managers.

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