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Are P/E ratios dangerously high in today's US markets? We look at an analysis based on Graham-Dodd's approach of using ten years of historical data, and we provide our own thoughts on whether today's P/E levels reflect an added degree of risk in the market.
A group of three researchers have studied the performance of mutual funds that are closed to investors, and specifically those that subsequently 'cloned' new funds. We review their findings and analyze the implications for advisors that own such funds.
Karla Paxton provides the latest installment in her series of articles on becoming an independent RIA, this time examining the decision to use an outsourcing vendor for your operations.
Our article last week on FundGrades generated a lot of interest. We provide two tables that will be valuable to advisors using FundGrades to evaluate mutual funds.
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