equities
The legendary musician Prince exhorted us to “Party like it’s 1999,” but today, as a small-cap stock investor, I’d flip the calendar one year ahead, to 2000.
Now, more than ever, we urgently need a comprehensive alternative to the neoclassical model of stock market behavior. Andrew Smithers attempts to fill in this gap.
The 4×4 Asset Allocation philosophy approaches every asset or strategy based on how it contributes to — or detracts from — Growth, Income, Preservation, and Liquidity. So, what does a goal-based approach to equity factors actually look like from this perspective?
Equity portfolios constructed using bond momentum signals may outperform their traditional equity price momentum counterparts.
Now may be a great time to stockpile excess capital to tactically deploy in the coming months if the opportunity set improves.
Most investment products simply provide exposure to the stock market in complicated wrappers.
Can we retain the benefits and economically sound basis of a factor approach to equity investing while more closely aligning a factor portfolio’s performance to a cap-weighted benchmark?
“I'm not saying that interest rates are going to go back up. I just think they're done coming down,” Howard Marks, CFA, told Marg Franklin, CFA. "And if that's true, I think we're in a different environment."
In this “little” book with big ideas, Martin Fridson, CFA, presents a novel approach that to date has not been systematized in such an evidence-based style.
A fund family's success with bond funds may not translate to the equity side of the ledger.