Practical analysis for investment professionals

portfolio construction


Book Review: Your Complete Guide to Factor-Based Investing

Your Complete Guide to Factor-Based Investing is invaluable to practitioners who wish to design optimal portfolios. The authors define basic terms and discuss practical issues of implementation.

Shortcuts to Factor Investing: Multifactor Portfolios and Benchmarking

Mark Harrison, CFA, looks at combining factors in multifactor portfolios and considers issues of performance measurement in factor investing, in the third installment of his Shortcuts to Factor Investing series.

Shortcuts to Factor Investing: Equities and Beyond

In the latest installment of his Shortcuts to Factor Investing series, Mark Harrison, CFA, takes a deeper dive into equities and factor investing's wider applications to other asset classes, including fixed income.

Shortcuts to Factor Investing 101

If investors have the option to cheaply replicate their desired exposures to help solve their portfolio problems, then why shouldn't they? Mark Harrison, CFA, curates the latest insights on what is meant by smart beta and factor investing and how they differ.

Book Review: DIY Financial Advisor

What’s the right way for a layperson to invest? Wesley Gray, PhD, and company tackle that very question in their super-ambitious new book, DIY Financial Advisor.

Dumb Alpha: The Ignoramus’s Guide to Asset Allocation

Modern finance constantly busies itself with the development of new, more sophisticated ways to manage risk and generate returns. These efforts, however, generate their own risks. On the opposite end of the spectrum are simple ways to invest that have a proven track record of providing superior investment outcomes.

Managed Futures: Will They Thrive with Higher Interest Rates?

One asset class that has historically thrived in chaotic and crisis environments is managed futures, says Jeannette Showalter, CFA. Might they be the answer for investors looking to hedge against volatile equity markets and a potential secular bear market for bonds?

Book Review: Asset Rotation

Although the author’s argument heralding the demise of modern portfolio theory (MPT) seems weak, he offers a compelling argument for active management. Using exchange-traded funds (ETFs) and asset rotation, he demonstrates how to achieve a return superior to that of a passively managed fund that relies on MPT and index funds. Asset Rotation may well be a harbinger of an “investment renaissance” and the end of passive management.

An Advance in Portfolio Construction

What’s the secret sauce for making a multi-asset strategy successful? This past December, in Singapore, I asked the speakers on my panel at the Southeast Asia Institutional Investment Forum that question and their answers shared one common element.



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