Expectations are low, and growth will be hard to achieve because comparisons will be difficult for the next few quarters, according to recent earnings calls. Although optimism has rebounded with the markets, CEOs are still cautious, while March was a weak month for industrial markets. Capital markets have opened up for strong issues, but confidence is fragile.
Speaking live from the Fifth Annual European Investment Conference, Nobel laureate Robert C. Merton discusses using modern financial tools, such as contingent claims analysis (CCA), to better understand how macrofinancial risks transfer through markets to affect various asset classes, currencies, and investment strategies.
In an article from the upcoming issue of the Financial Analysts Journal, Mohamed A. El-Erian and Michael Spence use an array of real-life examples — including the current sovereign debt crisis in the eurozone — to analyze the underlying dynamics of the periodic bouts of systemic path dependence that affect not only financial markets but also investment strategy itself.
Thammasat University, the winning team from the 2012 CFA Institute Research Challenge, was invited to the NASDAQ MarketSite yesterday to ring the closing bell along with John Rogers, President and CEO of CFA Institute, and members of the CFA… READ MORE ›
After a decade of outperformance, have inflation-linked bonds reached a tipping point? This issue’s cover story examines recent developments with TIPS, including what investors… READ MORE ›
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