Drivers of Value
Investment managers are being caught off guard by tougher questions from an increasingly sophisticated allocator market. Are you prepared for your next beauty parade?
Do the products and services of the companies you invest in create negative or positive material outcomes?
Mega-cap concentration has exploded since 2015. The corollary to an increasingly top-heavy benchmark is that market diversification and breadth have never been more limited. A multifactor methodology can be a restorative balance to US equities when more traditional measures fall short.
Vanguard's OCIO clients should be wary of the higher-fee active funds and alternative investments that are now open to them.
No matter how sophisticated and expensive a firm's AI tools are, it should not forget that the principle “garbage in, garbage out” (GIGO) applies to the entire investment management process.
Proxy data and estimates are likely to play an important role in plugging disclosure gaps in financial institutions' Scope 3 emissions.
While the immediate future may not be promising for the equity premium, it looks bright for factor premiums.
When behavioral crowds are roiling the markets, as they are now, best idea active equity has an excellent chance of outperforming.
Investors are showing increased concern about large-cap stocks due to high market concentration and lofty stock valuations. Other factors combine to make a compelling case for small caps.
Bartley J. Madden has produced a book that challenges business leaders and investment professionals to think outside the box systematically to solve difficult problems.