Practical analysis for investment professionals

asset allocation


Benchmarking Multi-Asset Portfolios: The Global Capital Stock

How do you know whether a multi-asset portfolio is worth the investment? No policy portfolio benchmark exists against which investors can measure their multi-asset investment strategy. Until now.

Dumb Alpha: Tactical Errors

If investors want to engage in tactical asset allocation, what would be the Dumb Alpha method of doing so? Joachim Klement, CFA, provides his advice.

The Female Asset Mix: Value Investor or Investor in Values?

Women and men want to invest in causes and concerns that matter to them, says Barbara Stewart, CFA. The big opportunity for the financial industry will be to understand these value preferences and to offer the best advice as to how clients can allocate some of these "value investments" via traditional equity markets.

Has Emerging Market Debt Entered the Mainstream?

GMO's Tina Vandersteel, CFA, believes emerging market debt is attractively priced, particularly local currency debt at current relative levels. Vandersteel believes opportunities to outperform are real, especially from a bottom-up perspective, despite challenges created by declining liquidity.

Dumb Alpha: Don’t Just Do Something, Sit There!

Instead of being motivated by the rule “Don’t just sit there, do something,” investors might instead act based on the rule “Don’t just do something, sit there,” says Joachim Klement, CFA, in the latest edition of his Dumb Alpha series.

Dumb Alpha: Getting Rich Slowly

Instead of creating complex multilinear factor regressions, investors can outperform the market simply by selecting the stocks with the smoothest return profile — good, old, boring stocks that show no drama and a lot of stability, writes Joachim Klement, CFA.

How Can Investment Professionals Add Value?

The investment world has changed, and investment professionals need to develop new skills to deal with a new reality. So how can they best serve their clients?

Commodities as an Asset Class: Delivering Beta and Beyond

David-Michael Lincke, CFA, said that commodities continue to offer many investors meaningful benefits through diversification, inflation protection, and absolute returns.

Aswath Damodaran on How to Invest Internationally

Aswath Damodaran believes investors make two common valuation errors when it comes to country risk exposure: They focus on countries instead of companies and obsess over past mistakes.

Risk Parity Made Easy: Cliff’s Notes and Other Key Readings

What is risk parity? Is leverage an essential part of the strategy? How have risk strategies performed over time? Larry Cao, CFA, addresses these questions and highlights some of the most insightful readings on the subject.



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