Tengler Defends Broader View of 'Value' on Bloomberg's Inside Active

Nancy Tengler, chief executive and chief investment officer of Laffer Tengler Investments, told Bloomberg Intelligence that screening stocks purely for low price multiples is not enough to identify genuine value, in an episode of the "Inside Active" podcast released Oct. 21, hosted by Bloomberg Intelligence mutual fund and active management analyst David Cohne.

Why Doesn't Tengler Rely on Low Multiples Alone?

Traditional value investing often sorts companies by cheap multiples such as price-to-earnings or price-to-book ratios, a method that can mistake a struggling business for a bargain, according to the episode's framing by Bloomberg Intelligence. The program description notes that "cheap stocks can reflect either opportunity or fundamental weakness," a distinction Tengler applies across her portfolios rather than treating a low multiple as a buy signal on its own.

"Cheap stocks can reflect either opportunity or fundamental weakness."

The episode does not break out specific holdings, returns, or valuation thresholds Tengler uses, and Bloomberg's description focuses on her methodology rather than individual names in the portfolio.

What Role Does Tengler Play at the Wedbush Laffer Tengler New Era Value ETF?

Tengler is a portfolio manager on the Wedbush Laffer Tengler New Era Value ETF, which trades under the ticker TGLR, according to Bloomberg Intelligence. The fund is where her broader definition of value is put into practice, the episode states, though the source material does not disclose the fund's current assets, performance, or top positions.

Who Is Nancy Tengler?

Tengler holds dual titles at Laffer Tengler Investments, serving as both CEO and chief investment officer, per Bloomberg Intelligence's episode notes. Her firm bears the Laffer name, and she manages client money alongside her role steering the TGLR ETF.

Who Hosts Inside Active and What Does It Cover?

David Cohne, a mutual fund and active management analyst at Bloomberg Intelligence, hosts "Inside Active," a series built around conversations with active portfolio managers about how they construct and defend their strategies, according to the program's Oct. 21 description. The Tengler conversation is one installment in that ongoing format.

What Should Listeners and Investors Watch For?

• Stream the full conversation directly from Bloomberg's Inside Active page for Tengler's complete framework, since the episode description covers only the broad thesis.
• Watch for TGLR's next publicly disclosed holdings or performance update to see how Tengler's stated approach translates into actual positioning, information not included in this episode summary.
• Follow future Inside Active episodes from Bloomberg Intelligence for comparable managers' takes on value, growth, and sector labels, a recurring theme of the series.

The episode offers no additional figures on fund size, sector weightings, or historical returns, and none should be assumed beyond what Bloomberg Intelligence has published alongside the audio.