Enterprising Investor
Practical analysis for investment professionals

mutual funds


Bad Ideas: Why Active Equity Funds Invest in Them and Five Ways to Avoid Them

Most active equity funds do not underperform for lack of stock-picking skill. Rather the investment industry incentivizes them to manage business risk at the expense of long-term portfolio performance.

Less Efficient Markets = Higher Alpha?

Shouldn't less efficient capital markets with greater information asymmetries offer more alpha opportunities?

Low- or High-Volatility: Which Wins the Return Battle?

Are low-volatility or high-volatility strategies the better choice when it comes to equity returns?

Assessing Mutual Fund Company Performance

Market share change is the indicator to watch when it comes to mutual fund company business performance.

Option-Based Strategies: Opt In or Opt Out?

Do option-based strategies offer any value to investors?

Top Five Articles from September: ESG, Mutual Fund Momentum, the US Economy

The ascent of environmental, social, and governance (ESG) factors, plus Nicolas Rabener on mutual fund momentum chasing and liquid alternatives are among the leading posts from September.

Chasing Mutual Fund Performance: Follow the Momentum?

How does mutual fund momentum chasing play out in the US market?

Weekend Reads from India: Measuring Manager Skill vs. Luck

India's rapidly expanding mutual fund industry is currently undergoing momentous change, Shreenivas Kunte, CFA, reports.

Are Building-Block Funds on the Scrap Heap?

Have building-block offerings been consigned to oblivion, with their considerable legacy assets doomed to gradual decay?



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