Chris Smith, portfolio manager of the Antero Peak Group, provides an overview of the current market environment and key themes the team believes are poised to accelerate in the coming quarters.


This audio recording should be reviewed in conjunction with the accompanying slide presentation, which contains standardized composite performance and other important information. Access “Slides” to view.

This investor update represents the views and opinions of Chris Smith, Antero Peak Strategy portfolio manager, as of 13 October 2022, that are based on current market conditions, and are subject to change without notice. While the information contained herein is believed to be reliable, there no guarantee to the accuracy or completeness of any statement in the discussion. This material is for informational purposes only and should not be considered as investment advice or a recommendation of any investment service, product or individual security. Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation.

Earnings Before Interest & Tax (EBIT) is an indicator of a company's profitability, calculated as revenue minus expenses, excluding tax and interest. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) is an indicator of a company's financial performance which is calculated by looking at earnings before the deduction of interest expenses, taxes, depreciation and amortization. Return on Invested Capital (ROIC) is a measure of how well a company generates cash flow relative to capital invested in the business. Key Performance indicators (KPIs) refer to a set of quantifiable measurements used to gauge a company’s overall long-term performance. Forex (FX) refers to the global electronic marketplace for trading international currencies and currency derivatives. TheInternal Rate of Return (IRR) is a metric used in financial analysis to estimate the profitability of potential investments. A Health Maintenance Organization (HMO) is an insurance structure that provides coverage through a network of physicians. A Preferred Provider Organization (PPO) is a popular health insurance plan designed for individuals and families.

The Nasdaq Composite Index is a market capitalization-weighted index of more than 3,700 stocks listed on the Nasdaq stock exchange. As a broad index heavily weighted toward the important technology sector, the Nasdaq Composite Index has become a staple of financial markets reports. Invesco S&P 500® Equal Weight ETF (RSP) is based on the S&P 500® Equal Weight Index (Index). 

Past performance does not guarantee future results. Current and future holdings are subject to risk.