Insights
A Founder's Journey: Jason Hsu
Let your experience become your expertise. Find out how growing up in Taiwan provided Jason with unique perspective that informs his investment decisions today.
Rayliant offers scientific, disciplined systematic strategies for EM, EAFE and US equities and is a minority-owned, -operated, and -governed investment manager. We apply a collaborative approach to working with global institutions.
Learn MoreMeeting the expectations of high-net-worth clients requires expertise and precision. Our institutional-quality outsourced investment office helps advisors enhance their investment offering, deepen client engagement, and position their practice for growth.
Learn MoreRayliant’s Quantamental ETFs express fundamental ideas through big data and quantitative models to actively trade stocks in markets around the world. Our strategies are intended for investors seeking to mitigate home country bias through active exposure to both international and emerging markets.
Learn MoreRayliant's team of experts is regularly sought out by the media to help investors understand what’s happening in global markets and economies.
May 22, 2025
The Armchair Trader: Opinion—The US Government Faces a $36 Trillion Question
Jason Hsu argues that despite ballooning U.S. debt and deficits, markets remain unfazed because of the Fed’s unlimited capacity to finance government spending, likening the situation to a parasitic coexistence where fiscal excesses persist as long as national wealth and asset values continue to grow.
May 22, 2025
The Daily Upside: Jason Hsu’s Fundamentals Avoid ‘Sex and Sizzle’ of Value Investing
Jason Hsu highlights that rising global trade tensions—ironically sparked by U.S. policies—are drawing investor sympathy and capital toward emerging markets, especially in Asia, where nations now lead in engineering and manufacturing; at the same time, he sees Japan’s surprising economic revival as a major but overlooked opportunity, favoring it over Europe in developed market strategies.
Disclosure: The opinions do not necessarily reflect the views of Rayliant Investment Research and are subject to change without notice. Indices cannot be invested in directly and are unmanaged. This material is for informational purposes only and should not be considered investment advice.
May 22, 2025
Yahoo Finance: Emerging Markets Outperformance Is ‘Coming Back’ Amid AI Boom
Jason argues that after years of U.S. market dominance, the tide may be turning in favor of emerging markets—particularly EM Asia—driven by a new hardware-led AI supercycle, and he downplays the risk of renewed trade tensions under Trump as a major threat to that outlook.
Disclosure: The opinions do not necessarily reflect the views of Rayliant Investment Research and are subject to change without notice. This material is for informational purposes only and should not be considered investment advice.
April 23, 2025
International Banker: Is China Engaging in Large-Scale Dumping of US Treasury Securities?
Phillip Wool says the switch-over to gold is a potential concern he has heard discussed more often recently.
April 10, 2025
Bloomberg: How to ‘Recession-Proof’ Your Portfolio During Trump Tariffs, According to Experts
Jason Hsu says that despite bonds being seen as safe, their yields are volatile amid uncertainty over rate cuts and stagflation risks, prompting him to favor property as a more insulated investment.
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March 21, 2025
Barron’s: Foreigners Dump U.S. Treasuries. You Won’t Believe Who Did the Most Selling.
Phillip Wool notes growing concern over a shift to gold, suggesting it could become a long-term trend if the U.S. keeps leveraging the dollar’s reserve status for geopolitical purposes.
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March 09, 2025
CNBC: Constantly Changing Tariff Uncertainty Is Rattling Markets
Phillip Wool highlights that ongoing tariff uncertainty is driving market volatility, with potential responses from the Federal Reserve and the Trump administration.
February 20, 2025
ETF Trends: Rayliant Appears Well-Positioned to Follow Avantis’ Success Trajectory
Jason Hsu discusses the firm’s focus on emerging markets, its growth in international ETFs, and the challenges of competing with U.S.-centric firms, emphasizing the importance of diversification and the potential for international markets to outperform in the future.
Experienced, Minority-led Investment Team
Award-Winning Research
4 Graham & Dodd Awards
3 Bernstein Fabozzi/Jacobs Levy Awards
3 William F. Sharpe Awards
Seasoned Portfolio Management
Average Investment Experience: 20 Years
Former team at PIMCO & Research Affiliates
Quantitative Research Expertise
Average Research Experience: 8 Years
Team includes PhDs, CFAs, & MFEs
50+ Papers
Leading journals on factor investing, machine learning, portfolio construction, and alpha decay
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