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.
June 03, 2025
Yahoo Finance: 6 Wall Street Veterans Share the Best Trades They’ve Every Made
Jason Hsu capitalized on the GameStop short squeeze by betting against the stock just after Melvin Capital’s collapse, acknowledging that while his analysis matched theirs, his lucky timing—being late—was what led to his success.
Disclosure: The securities identified and described do not represent all of the securities purchased, sold or recommended for client accounts. The reader should not assume that an investment in the securities identified was or will be profitable. Past performance is not indicative of future results. The opinions contained herein are subject to change without notice. The views expressed herein are those of the author and do not necessarily reflect the views of Rayliant Investment Research.
June 02, 2025
Reuters: Vanguard Files for New ex-China Emerging Markets ETF
Jason Hsu believes China is too large and controversial to be lumped in with other emerging markets, arguing that both dedicated China ETFs and ex-China products should coexist in investor portfolios.
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.
May 28, 2025
Retirement Income Journal: Debt, Defaults, and the $36 Trillion Question
Jason Hsu argues that despite the government spending far more than Americans save, rising asset values and the U.S.’s ability to print money keep the system afloat—for now.
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.
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.
May 19, 2025
The Bull of Wall Street Podcast: Jason Hsu
Jason Hsu discusses a wide-ranging macro conversation on international markets, the U.S. debt downgrade, tariffs, and more.
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.
Experienced, Minority-led Investment Team
Award-Winning Research
4 Graham & Dodd Awards
3 Bernstein Fabozzi/Jacobs Levy Awards
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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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