This week, Rusty Vanneman and Nick Codola talk with Jan van Eck, Chief Executive Officer at VanEck. In this episode, we will discuss tariffs and their potential impacts on the US market, consumers and global markets. In particular, we take a closer look at how tariff policies will affect not only equity markets, but also Fixed Income as well as commodities.
This week on Weighing the Risks we are joined by Jan van Eck, Chief Executive Officer at VanEck. Mr. van Eck joined the Firm in 1991 and was added to the Executive Management Team in 1998. In 2010, he was named President and Chief Executive Officer of Van Eck Associates Corporation. Additionally, he is the President and CEO of Van Eck Securities Corporation. Mr. van Eck is a Trustee and the President and Chief Executive Officer of VanEck ETF Trust, VanEck Funds and VanEck VIP Trust. Mr. van Eck has spearheaded the launch of multiple innovative mutual funds, ETFs, and institutional vehicles spanning asset classes and strategies. Mr. van Eck founded the Firm’s ETF business in 2006. Through a series of business acquisitions, partnerships, and global product development over the last decade, the ETF business is one of the largest globally with offerings domiciled in the U.S., Europe, and Australia. Mr. van Eck holds a JD from Stanford University and graduated Phi Beta Kappa from Williams College with a major in Economics. Mr. van Eck is a member of the USC Marshall School of Business Board of Councilors and the Board of Trustees of Williams College. He is a former member of the National Committee on United States-China Relations. He routinely appears in the media, including CNBC and Bloomberg Television. Mr. van Eck was a 2013 Finalist for Institutional Investor's Fund Leader of the Year and was the recipient of ETF.com’s 2024 Lifetime Achievement Award. The firm was named 2020 ETF Provider of the Year by Fund Intelligence.
Key Takeaways
Quotes
[04:17] ~ “What [tariffs] are is a tax that’s applied to either commodities, or finished goods, that come into the United States…because the [Smoot-Hawley Tariff Act] happened right before The Great Depression, people think very bad things about tariffs…[but] the volume of trade actually didn’t change that much, it’s just that we were going through a significant period of disenflation or deflation.” ~ Jan van Eck
[15:53] ~ “To me the big elephant in the room, when it comes to talking about markets these days, is the fact that the US…Federal spending is absolutely out of control…I know many people talk about this, but it’s sort of the elephant that’s invisible because the US economy and the markets have been doing so well, but that does not mean that it’s not an elephant and it’s really going to effect things.” ~ Jan van Eck
Links
Connect with Us
Disclosure(s) - Wealth Management services are offered by Orion Portfolio Solutions, LLC d/b/a Brinker Capital Investments a registered investment advisor. Orion Portfolio Solutions, LLC is a wholly owned subsidiary of Orion Advisor Solutions, Inc. (“Orion”)
The CFA® is a globally respected, graduate-level investment credential established in 1962 and awarded by CFA Institute — the largest global association of investment professionals. To learn more about the CFA charter, visit www.cfainstitute.org.
Access to the services presented is provided solely as a service to financial advisors. Orion Risk Intelligence does not make recommendations or determine the suitability of any security or strategy. Past performance of a security or strategy does not guarantee future results. Orion Risk Intelligence research and tools are provided for informational purposes only. While the information is deemed reliable, Orion Risk Intelligence does not guarantee its accuracy, completeness, or suitability for any purpose, and makes no warranties with respect to the results to be obtained from its use.
Compliance Code: 3105-OPS-12/4/2024