Dr. Aboubaker Seddik Meziani

Professor | Accounting and Finance | Feliciano School of Business
Location: Feliciano 346 , Building 1
Telephone: 973-655-4135
Email: meziania@montclair.edu

Biography

I have extensive academic, corporate and consulting experience in the field of ETFs. As a recognized expert, I am frequently invited to speak on the subject. I was acknowledged on a worldwide list of “Seventeen ETF Friendly Professors” compiled by Yahoo Finance. I have been serving as the Soliciting Editor of The Journal of Index Investing since 2010 and on the advisory boards of several other journals. I am the author of three ETF books published by Palgrave-Macmillan (2016), Risk Books (2009), and Palgrave-Macmillan (2006) and two book chapters (Wiley/2015, and Nova/2018). I gave keynote presentations at professional meetings including one in Paris, France in 2018. I am the Chairman of the Audit Committee at GraniteShares ETF Trust and a member of the Research Advisory Board of ETF Global, LLC an independent ETF advisory firm.

Expertise

Exchange-Traded Funds (ETFs)<br>Gender-Lens Investing<br>Emerging Markets<br>Frontier Markets<br>Environmental, Social, and Governance (ESG)<br><br>

Education

  • Ph D, Managerial Economics, 1985, Rensselaer Polytechnic Institute, Troy, NY
  • MBA, Finance and International Business, 1980, New York University, New York, NY
  • BS, Management, 1975, University of Constantine, Constantine, Algeria

Professional Experience

  • Full Professor, Montclair State University. (September 1999 - Current).
  • Independent Trustee, Chair of Audit Committee, GraniteShares ETF Trust. (September 2015 - December 2022).
  • Chair of the Department of Economics and Finance, Montclair State University. (June 2010 - June 2013).
  • Senior Investment Analyst, TIAA-CREF. (September 1997 - August 1999).
  • Associate Director, Standard & Poor's. (September 1991 - August 1997).
  • Assistant Prof of Finance, Montclair State University. (September 1990 - August 1991).
  • Officer, Algeria Army. (September 1988 - August 1990).
  • Assistant Prof of Finance, Montclair State University. (September 1985 - August 1988).

Consulting

  • Other, Magna Cum Colloquium (MCC), New York, NY. (September 2018 - Present). MCC is a leading producer of indexing events bringing together academics and practitioners from both the asset owner and service provider communities.
  • Other, ETF Global, LLC, New York, NY. (September 2012 - Present). Provide guidance, insights, and constant input to optimize the efficacy of the construction and operation of the company’s proprietary models and quality of its research offerings.
  • Training/Education, XP3RT, . (June 2020 - June 2020). Developed two eLearning courses for financial professionals: "Advanced Application of ETFs" and "Smart Beta Factor Models"
  • Technical/Professional Work, Dow Jones, Princeton, NJ. (June 2009 - December 2009). Conducted a practical analysis of Dow Jones' emerging market indexes within a "core-satellite" asset allocation strategy.
  • Technical/Professional Work, Dow Jones, Princeton, NJ. (January 2009 - June 2009). Commissioned by Dow Jones to assess and write a white paper on asset allocation using Dow Jones micro-cap indices

Honors and Awards

  • Invited to Deliver Keynote Address: “Future Insights and Landscapes of Business Management" , BSCM 2022. (November 2022).
  • Invited to Deliver Keynote Address: "Winning Research Papers-Some Useful Insights" , Tenth European Academic Research Conference on Global Business, Economics, Finance and Social Sciences (EAR18 France Conference). (July 2018).
  • Granted Sabbatical Leave , Montclair State University. (September 2015).
  • Invited to Chair Conference: "Risk Management of and with ETFs/Indices" , Professional Risk Managers' International Association (PRMIA). (April 2013).
  • Acknowledged for my work on ETFs , "17 ETF Friendly Professors" by Yahoo Finance. (February 2013).
  • Faculty Recognition Award , School of Business at Montclair State University. (March 2011).
  • Invited to Chair Conference: "The Art of Indexing Summit" , Structured Products/Incisive Media. (October 2010).
  • Invited to Chair Conference: "World Series of Indexing & ETFs" , Information Management Network (IMN). (March 2010).
  • Invited to Deliver Keynote Address: "Art of Indexing Summit" , Structured Products/Incisive Media. (October 2009).
  • Best Paper Award/Finance Track , World Business Institute and Imperial College of London. (July 2009).
  • Granted Sabbatical Leave , Montclair State University. (January 2009).
  • Invited to Deliver Keynote Address: "Art of Indexing" , Structured Product/Incisive Media. (September 2008).
  • Best Paper Award , The Clute Institute. (March 2003).
  • Certificate Award for Best Author , Academy of Business. (September 2001).

Research

  • Assessing the Performance of Environmental ETFs:<br>This research will consist of identifying ways to meaningfully integrate environmental risks in the field of investment management. To do so the newly generated database of environmental ETFs will be subjected to a rigorous four-pronged mathematical quantification of risk. Each prong is expected to give a comprehensive but clear view on how the inclusion of environmental concerns in investments portfolios may (or may not) impact their performance. Together, these risks can be categorized into two broad groups of risk: <i>reward-to-variability risk</i> and <i>reward-to-market risk.</i>
  • Develop Database of “E” ETFs:<br>This step consists of creating a new database of environmental or “E” exchange-traded funds by carefully inspecting their wider database and identifying those whose sole emphasis is on the environment. Their identification will require a careful reading of their prospectuses and their 10-K forms (annual reports that a fund is mandated to file with the Securities and Exchange Commission (SEC) for its manager to receive permission to sell the fund through a general public distribution). If not particularly complicated, this task will be nonetheless tedious and time-consuming, albeit essential for the construction of the database. <i>This new database is the first novelty of this research separating it from other finance studies focusing on the environment and climate risk.</i>
  • The Next Generation of Smart Beta ETFs:<br>My next study will explore the newer generation of smart beta ETFs to evaluate whether they can more capably respond to today’s highly volatile market environment, enabling market participants to react capably and swiftly to economic events just as the first generation of smart beta product responded to the post 2008 financial crisis.

Refereed Published Articles

  • Meziani, A. (2020). Frontier Markets: Understanding the Risks. The Journal of Index Investing, 11 (2), pp. 43.56.
  • Meziani, A. (2020). It Is Still Not Easy Being Green for Exchange-Traded Funds. The Journal of Index Investing, 10 (4), pp. 6-23.
  • Meziani, A., Noma, E. (2018). A New Method of Measuring Financial Risk Aversion Using Hypothetical Investment Preferences: What Does It Say in the Case of Gender Differences?. Journal of Behavioral Finance, 9 (2), pp. 1-12.
  • Meziani, A. (2017). Active Exchange-Traded Funds: Are We There Yet?. The Journal of Index Investing, 6 (2), pp. 86-98.
  • Yang, J., Meziani, A., Shen, Y. (2016). Understanding Apple Inc.'s Global Tax Strategies in Ireland. International Tax Journal, a CCH publication, 42 (6), pp. 41-50.
  • Meziani, A. (2015). Exploring the Complex Universe of Fixed-Income ETFs: Is More Better, or Is Less More?. The Journal of Index Investing, (5 (4)), pp. 72-89.
  • Meziani, A., San Vicente Portes, L., Ozenbas, D. (2015). Liquidity under Extreme Market Volatility: The Case of the SPY, IVV and RSP Funds. Financial Decisions, (Fall),
  • Meziani, A. (2015). Rethinking Exposure to Emerging Markets: Is it Time to Dive Back?. The Journal of Investing/Institutional Investor Journals, Spring 2015 (24 (1)), pp. 67-83.
  • Meziani, A. (2015). Managing the Volatility Risk of Investment Portfolios with Minimum-Volatility ETFs: A Long-Term Approach or a Period-Specific Investment Strategy?. The Journal of Index Investing/Institutional Investor Journals, February 2015 (5(4)), pp. 17-32.
  • Ozenbas, D., Meziani, A., San Vicente Portes, L. (2014). Liquidity Effects of Firm Size and Market Distress on Index Tracking ETFs. Journal of International Financial Studies, 14 (3),
  • Meziani, A. (2014). Investing with Environmental, Social and Governance (ESG) Issues in Mind: From the Back to the Fore of Style Investing. The Journal of Investing/Institutional Investor Journals, 23 (3), pp. 115-124.
  • Meziani, A. (2014). Smart Beta ETFs: A Bird’s-Eye View of the Market and Analysis of Its Performance Trend. Institutional Investor Journals, 5 (1), pp. 146-157..
  • Yang, J., Meziani, A. (2012). Break-even Point Between Short-term and Long-term Capital Gain (Loss) Investment Strategies. Journal of Investing, 21 (4), pp. 115-126.
  • Meziani, A., Yang, J. (2012). Assessing the Value of Tax Efficient Rebalancing Using ETFs: Is it Always Better than a Tax Deferred Strategy?. International Research Journal of Applied Finance, III (9), pp. pages 55-65.
  • Meziani, A., Yang, J. (2011). Assessing the Value of Loss Harvesting Using ETFs: Is It Always a Beneficial Tax Strategy?. International Journal of Applied Accounting and Finance, 2 (1), pp. 15-22.
  • Meziani, A. (2011). Assessing the Benefits of U.S. Micro-Cap Holdings and International Small-Cap Stocks within a Core-Satellite Investment Strategy. Journal of International Business Management & Research – JIBMR, Volume 2 (Issue 5), pp. 27 pages.
  • Meziani, A., San Vicente Portes, L. (2010). Micro-Cap Stocks: On the Quest for Lower Risk and Higher Returns. International Review of Business Research, 5 (1), pp. 1-11.
  • Meziani, A. (2008). Evaluating the International Diversification Benefits of China’s New Inde. International Business & Economics Research Journal, VII (12), pp. pp. 13-24.
  • Meziani, A. (2007). Long-short investment strategies using ETFs. The 2007 Investor's Guide to ETFs and Indexing Innovations (a joint special issue of The Journal of Portfolio Management and The Journal of Investing), Institutional Investor, (Fall 2007), pp. 106-110.
  • Meziani, A. (2005). The Advent of ETFs in an Imperfect Market: The Case of Mainland China. The 2005 Investor's Guide to ETFs and Indexing Innovations (a joint special issue of The Journal of Portfolio Management and The Journal of Investing), Institutional Investor,
  • Meziani, A. (2005). Application of the Wash-Sale Rules to Exchange-Traded Funds. Practical Tax Strategies,
  • Meziani, A., Yang, J. (2005). Use Exchange Traded Fund to Harvest Tax Loss. Practical Tax Strategies, (May 2005), pp. 272-280.
  • Meziani, A. (2004). Fixed-Income ETFs Market: Adding to the Investor's Toolbox?. An Investor's Guide to ETFs and Tradable Index (a joint special issue of The Journal of Portfolio Management and The Journal of Investing), Institutional Investor,
  • Meziani, A. (2003). Assessing the Effects of Investment Barriers on International Capital Flows Using an Expert-Driven System. Multinational Business Review, 11 (2), pp. 49-74.
  • Meziani, A. (2003). Europe's ETF Market: Emerging Trend or Imminent Shakeout?. ETF II – New Approaches and Global Outreach (a joint special issue of The Journal of Portfolio Management and The Journal of Investing), Institutional Investor, pp. 39-45.
  • Meziani, A. (2003). Modeling Country-Specific Risks in Foreign Direct Investment. Journal of International Business and Economy, 4 (1), pp. 107-124.
  • Meziani, A. (2003). Reevaluating Portfolio Diversification Benefits with New Multinational Indices. International Business & Economics Research Journal, 2 (5),
  • Meziani, A. (2003). Russell 2000 Versus S&P SmallCap 600: Beauty Is in the Eye of the Beholder. A Guide to Small-Cap Investing, (a joint special issue of The Journal of Portfolio Management and The Journal of Investing), Institutional Investor,
  • Meziani, A. (2002). Modeling Prepayment Behavior In Financial Transactions Backed By Automobile Loans. The Journal of Applied Business Research, 18 (3),
  • Meziani, A. (2001). Along Came a SPDR: How Tax Efficient are Standard & Poor's Depository Receipts?. A Guide to Exchange-Traded Funds (a joint special issue of The Journal of Portfolio Management and The Journal of Investing), Institutional Investor,
  • Meziani, A. (2001). The Impact of New Economic Information on Bond Price Forecasting. The Journal of American Academy of Business, 12 (1), pp. 10-20.
  • Meziani, A., Yang, J. (2001). Fresh Alternative to Mutual Funds Offers Tax Benefit. Practical Tax Strategies, 67 (2), pp. 100-108.
  • Meziani, A., Rezvani, F. (1990). Using the AHP to Select a Financing Instrument for a Foreign Investment. Journal of Mathematical Modeling, pp. 77-82.

Books & Chapters Published

  • Meziani, A. (2018). The positive effects of diversification in emerging markets. (pp. 1-42). New York, N.Y.: Nova Science Publishers.
  • Meziani, A. (2016). Exchange-Traded Funds-Investment Practices and Tactical Approaches. London: Palgrave-Macmillan.
  • Meziani, A. (2015). Role of Environmental, Social, and Governance (ESG) Factors in Financial Investments. (pp. 255-276). Hoboken, N.J.: Wiley.
  • Meziani, A. (2014). Understanding the Evidence on Portfolio Exposure to Environmental, Social and Governance (ESG) Investments. New York, NY: Wiley.
  • Meziani, A. (2009). Exchange Traded Funds-Conceptual and Practical Investment Approaches. London, England: RiskBooks.
  • Meziani, A. (2006). Exchange-Traded Funds as Investment Option. : Palgrave/Macmillan.
  • Yang, J., Meziani, A. (2006). Tax Advantage of Exchange-Traded Funds. (pp. 58-69). London,: Palgrave-MacMillian.

Published Proceedings

  • Meziani, A., San Vicente Portes, L. Seeking alpha beyond small cap markets: the risk and returns dynamics of micro-cap stocks. : Northeast Business and Economics Association (NBEA. Refereed