CFA Institute Blogs
The efforts of some financial institutions to quantify value at risk (VaR) and other uncertainties, and to establish an effective culture of risk management, have blown up spectacularly at both an organizational and a portfolio level. Read more
Leave a CommentAmong the more remarkable comebacks in financial history is the recent resuscitation of the global asset-backed securities market that was pronounced dead after the 2007–09 global financial crisis. Earlier this week, we asked readers whether they thought the revival was a positive or negative development for financial markets. Read more
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It used to be that investors most feared interest rate risk in industrial countries and credit risk in emerging economies. The rules have changed, says Ramin Toloui, PIMCO’s global co-head of emerging markets portfolio management. Read more
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Global housing prices remain a popular indicator of economic activity. But overall, recovery in global housing markets seems mixed. Read more
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A mutual recognition platform enabling cross-border fund distribution between China and Hong Kong could become a game changer for the global fund management industry and usher in new competition for popular fund domicile jurisdictions like Luxembourg and Ireland. Read more
Leave a CommentMike Zelouf, CFA, discusses fixed-income portfolio benchmarks. Specifically, he explains why market-cap-weighted bond indices may not be good benchmarks and why alternative benchmarks do not solve all problems. Read more
Leave a CommentAfter the Great Recession investors are still searching for answers on how to best examine and understand bank credit quality. Invictus Group’s CEO Kamal Mustafa, a penultimate insider’s outsider, offers not just perspective on the problem but genuine solutions. Read more
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As the fifth anniversary of the financial crisis approaches, financial products that start with a “C” and end with an “O” still trigger fear and trepidation in investors. This alphabet soup of products ― including collateralized debt obligations (CDOs), collateralized … Read more
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“The Americans or the Chinese?” asks risk expert and chairman at Intelligence Capital Limited, Avinash Persaud, at the CFA Institute Middle East investment Conference. Read more
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David Kelly, CFA, chief global strategist at J.P. Morgan Funds, outlines three problems with the current Federal Reserve policy of zero interest rates and quantitative easing. Read more
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