Director, Model Portfolios
Andrew Okrongly joined WisdomTree in 2022 as a Director on the Model Portfolios Team. He is responsible for the design and ongoing management of model portfolios and custom solutions for portfolio managers and advisors. Andrew is also a member of the Model Portfolio Investment Committee. Prior to joining WisdomTree, Andrew was a Director on the Outsourced Chief Investment Officer (OCIO) team at Commonfund, where he was responsible for macro-economic analysis and advising institutional clients on strategic and tactical asset allocation. Andrew began his career at BlackRock where he held a variety of fixed income and multi-asset investment roles. Andrew received a BBA degree from the University of Michigan and is a holder of the Chartered Financial Analyst designation.
With 10-year Treasury yields back near 4.5% and real yields above 2%, bonds can play a valuable role in portfolio construction. Jeremy Schwartz and Andrew Okrongly make the case that today’s market regime revives the original capital-efficient argument: a diversified stock/bond mix can be scaled intelligently to compete with all-equity portfolios.
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Credit spreads are widening again as liquidity concerns and AI-driven disruption, especially in software, resurface. Kevin Flanagan and Andrew Okrongly explain why high yield’s lower software exposure and stronger liquidity profile can help mitigate emerging risks while enhancing income.
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Japan’s 10-Year bond yield just hit a 17-year high, yet Japanese equities still shine. Behnood Noei, Brian Manby and Andrew Okrongly explain why rising yields don’t dent the case for Japan, highlighting how WisdomTree’s Japan-focused Funds are positioned to tap into compelling equity risk premiums.
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Conservative investors relying on fixed income face a challenging backdrop, higher benchmark durations and elevated rate volatility are driving larger bond market swings, making capital preservation more difficult. Andrew Okrongly and Joe Tenaglia explain how our lower duration fixed income Model Portfolio solution diversifies across funds, sectors and styles—helping navigate these challenges while generating income and keeping risk in check.
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U.S. equities have dominated since the global financial crisis, but market leadership is cyclical. Andrew Okrongly and Joe Tenaglia explain why international diversification remains a crucial risk management tool in model portfolios, highlighting strategic opportunities in Japan and India while making the case for currency hedging in developed markets.
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Long exposure to the U.S. dollar can serve as a valuable complement to traditional model portfolios, offering diversification benefits alongside equities and fixed income. With a historically negative correlation to equities and a tendency to perform well in risk-off environments, the dollar can enhance portfolio resilience and risk management. Andrew Okrongly and Joe Tenaglia discuss how investors can thoughtfully integrate this exposure within a broader asset allocation framework.
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