In this interview, Spenser Lerner from Harbor Capital discusses the current economic landscape and investment implications. Click here to read the transcript.
Important Information
This information has been provided by Spenser Lerner, Harbor Capital Advisors and Gregg Greenberg, IN/NASDAQ and was published in September 2025 for informational purposes only. The opinions expressed are subject to change. The opinions expressed by the speakers do not necessarily represent the views of Harbor Capital Advisors, Inc. The information and opinions contained in this material are derived from proprietary and non‑proprietary sources deemed by Harbor Capital Advisors, Inc. to be reliable and are not necessarily all‑inclusive and are not guaranteed as to accuracy. Harbor nor IN/NASDAQ has not considered any reader’s financial situation, objective or needs in providing the relevant information.
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There is no guarantee that the investment objective of the Fund will be achieved. The Fund is a fund of funds and is subject to the expenses and risks of the underlying funds, including but not limited to risks associated with: commodities; derivatives; fixed income securities, including “high‑yield” or “junk” bonds; foreign issuers/foreign markets, U.S. government securities; mortgage‑ and asset‑backed securities; REITs; and small companies. The Fund’s investment performance depends upon the successful allocation by the Advisor of the Fund’s assets among asset classes, geographical regions, sectors and specific investments. The Advisor’s judgment about the attractiveness, value and growth potential of a particular asset class, region, sector or investment may be incorrect and the Advisor’s selection of the underlying funds to implement its asset allocation decisions may not produce the desired results. The Fund utilizes a quantitative model and there are limitations in every quantitative model. There can be no assurances that the strategies pursued or the techniques implemented in the quantitative model will be profitable, and various market conditions may be materially less favorable to certain strategies than others.
Diversification does not assure a profit or protect against loss in a declining market. Earnings momentum is when a company's earnings are increasing. Increasing earnings can be accelerating or decelerating. Some traders attempt to profit from the rising prices associated with earnings acceleration, and view earnings deceleration as a sign to potentially get out.
Valuation is a quantitative process of determining the fair value of an asset, investment, or firm. Market sentiment refers to the overall attitude of investors toward a particular security or financial market. It is the feeling or tone of a market, or its crowd psychology, as revealed through the activity and price movement of the securities traded in that market.
Price capital expenditure, or CapEx, are the funds companies allocate to acquire, upgrade, and maintain essential physical assets like property, technology, or equipment, crucial for expanding operational capacity and securing long‑term economic benefits.
This material may contain forward‑looking information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any of these views will come to pass.
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Foreside Fund Services, LLC is the Distributor of the Harbor Multi‑Asset Explorer ETF.