Campbell Harvey, of the Fuqua School of Business at Duke University, discusses the limitations of quantitative easing in today’s macroeconomic environment. His analysis has implications for the role of commodities, specifically gold, in a diversified portfolio.
This episode of the Take 15 Series was originally released on 15 December 2012.
Are you viewing this post on a mobile device? Download the CFA Institute app from the App Store or Google Play to watch this and other videos.
Please note that the content of this site should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute.
Stephen Horan, CFA, CIPM, is managing director and co-lead of education at CFA Institute. Prior to joining CFA Institute, he was a principal of Alesco Advisors LLC, a financial analyst and forensic economist in private practice, and a professor of finance at St. Bonaventure University. Horan co-authored The New Wealth Management: A Financial Advisor’s Guide to Managing and Investing Client Assets, a how-to guide for financial advisers; edited the volume Private Wealth: Wealth Management in Practice, a practitioner’s guide to wealth management; and has published three editions of the Forbes/CFA Institute Stock Market Course, a comprehensive guide to personal investing and wealth management. He is also the author of dozens of articles in leading peer-reviewed journals and has written for the CFA Program curriculum. Horan is a frequent columnist in Financial Times and an associate editor for the Financial Services Review and serves on the editorial board of the Journal of Wealth Management. He holds a BBA in finance with a minor in mathematics from St. Bonaventure University and a PhD in finance with a minor in economics from the State University of New York at Buffalo. Topical Expertise:Private Wealth Management
Subscribe to Enterprising Investor and receive the weekly email newsletter.
Northern Trust's FlexShares has brought to the New York Stock Exchange three exchange-traded funds aimed at delivering low volatility. The FlexShares US Quality Low Volatility Index Fund, the FlexShares Developed Markets ex-US Quality Low Volatility Index Fund and the FlexShares Emerging Markets Quality Low Volatility Index Fund buy stocks of companies that have been screened for high cash flow, management quality and profitability. ETF (17 Jul.)
Canadian, European and Japanese banking groups have criticized a proposal by the Federal Reserve to impose liquidity standards on foreign banks' US branches. The groups say "all capital and liquidity would become ring-fenced and fragmented along geographic lines" if other jurisdictions were to follow suit. MLex (subscription required) (17 Jul.)
Enforcement by national financial regulators varies significantly among EU states. Practice Insight reviews practices in four major jurisdictions: France, Germany, the Netherlands and the UK. Practice Insight (17 Jul.)
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.