CFA Institute Blogs
If you were to play word association with individuals in the investment industry using the phrase “hedge fund index,” the instinctive responses would be “survivorship bias” and “backfill bias.” The arguments for flaws in hedge fund indices, popularized by academics, … Read more
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The shares of Cummins (CMI) have traded 17% higher (12% net) over the past three months, and our institutional clients are starting to ask what we think of the name. Stocks move for different reasons, but the fundamental driver is … Read more
Leave a CommentLinkfest.com finds today’s top headlines by following the best ‘curators’ on the Web and on Twitter, and by your votes and social media shares – pick the most important stories you think should appear by voting here. 1. Home Repossessions … Read more
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Late last year, Inditex (ITX) shares broke the psychological barrier of €100, an event that coincided with buy ratings from all major international brokers. Inditex was the only Spanish stock recommended by many of them. The situation represents a dangerous … Read more
Leave a CommentLinkfest.com finds today’s top headlines by following the best ‘curators’ on the Web and on Twitter, and by your votes and social media shares – pick the most important stories you think should appear by voting here. 1. Fed Mulls … Read more
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Spain has been one of the main countries of concern for investors during the last three years, which shouldn’t be a surprise to anyone. If Spain abandons the euro or defaults on its debt, it could trigger a Lehman-style meltdown. … Read more
Leave a CommentIs happiness at work important to you? I’m guessing the answer is yes. It probably is very important. After all, we spend so much of our life working. But after a weekend, do you feel excited about going to work … Read more
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A review of the aggregate SEC Form 13F filings for the third quarter of 2012 revealed that US institutional investors added to their holdings in energy and financial stocks, and reduced their exposure to the industrials and consumer staples sectors. Read more
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Three key insights on successful pension fund investing from Institutional Investor magazine’s profile of the C$117 billion Ontario Teachers’ Pension Plan. Read more
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Equity investors liked what they heard from central bankers Mario Draghi and Ben Bernanke earlier this month and have pushed most global indices higher. Chinese stocks, coping with a steady flow of skepticism and negative economic news, have been a notable exception. Looking ahead, as corporate earnings come back into focus, bullish sentiment may very well fade without meaningful signs of a sustained economic recovery. Read more
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