“Turning the Page: The Next Chapter in the Asian Economic Story” will be broadcast online Wednesday, 7 March 9:30 AM HKT (Tuesday, 6 March 8:30 PM EST). Read more
Leave a CommentFebruary 2012
The debate over eurobonds — sovereign bonds commonly issued by member states of the eurozone — has intensified over the last couple of months. Agnès Le Thiec, CFA, outlines the work CFA Institute is doing to ensure that investor voices are heard. Read more
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Looking for a potpourri of content to help you strengthen your leadership, management, and communication skills? Look no further than this month’s roundup to gain insights on managing others, managing yourself, and tips on innovation and sustainability. Read more
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Large sample studies of buy-side investment recommendations have been virtually impossible to execute due to a lack of data. But a new research paper relies on a novel data set compiled by the private social networking website SumZero to show that buy-side stock picks influence asset prices by bringing new information to the marketplace. The authors also find evidence of “wealth transfers” flowing from the broader institutional marketplace to the investment firms represented on SumZero. Read more
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Tse Yung Hoi discusses the possible influence that the Renminbi Qualified Foreign Institutional Investor (QFII) and RMB Foreign Direct Investment (FDI) schemes will have on the progress of RMB internationalization after Vice Premier Li Keqiang’s recent visit to Hong Kong and the role that the RMB will play in the global monetary system over the next 5 to 10 years. Read more
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The unfolding scandal in Tokyo involving pension investment management firm AIJ Investment Advisors Co. is depressingly predictable. Details are still emerging, but it appears that some $2.3 billion of client assets are unaccounted for. The pity is that it really doesn’t have to be this way. Read more
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Wend Guo, CFA, recently sat down with Tse Yung Hoi to discuss the basic concepts, background, and key milestones of renminbi (RMB) internationalization, as well as lessons to be learned from the internationalization of the Japanese yen. Read more
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Unlike many behavioral finance pieces which simply contain behavioral admonitions, “Eight Lessons” actually contains prescriptions for overcoming common errors of judgment. Read more
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We’ve all heard the old adage that diversification is the only free lunch in investing, but Paul Bouchey, CFA, debunked that notion at the CFA Institute Wealth Management 2012 conference in Miami. To be clear, Bouchey did not challenge the notion that we can reduce risk without sacrificing return through diversification. He did, however, call out another free lunch — volatility harvesting. Read more
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With proxy season just around the corner, Matt Orsagh, CFA, CIPM, takes a look at what makes Prudential Financial’s proxy statement a shining beacon of good corporate disclosure. Read more
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