Understand the key provisions of the Republican Tax Plan—and the impact on both individual and corporate taxpayers.
The investing industry is constantly devising new acronyms and buzzwords. Sometimes these can be dangerous. The rise of the FANG stocks highlights how clusters of stocks may create investing hazards that standard risk models struggle to detect.
In his recent article, Michael Edesess argued that multiple empirical “anomaly” studies and the wide use of regression are ruining finance research. While some of his points are valid, his conclusion that the entire set of academic studies should be discarded goes too far.
In a recent article, Larry Swedroe argued that long-term investors should avoid all levered ETFs. He based this conclusion on a 10-year ETF return sample. It turns out that this is an unrepresentative sample for making such a sweeping statement. Other studies, based on longer time periods, come to the opposite conclusion.
Park Geun-hye’s ouster as president of South Korea was due to a scandal involving her close confidant accused of seeking bribes from chaebols, a group of family-owned multinational conglomerates that dominate the economy.
Forty years of behavioral science research provides a more realistic framework for viewing investors and markets than does MPT.
My firm, AthenaInvest, has conducted extensive research on the use of behavioral factors to estimate expected returns and, in turn, to make market-rotation and beta-exposure investment decisions. The following article outlines our behavioral approach and compares the results to a passive benchmark.
Tim Stevenson, Director of European Equities at Henderson Global Investors, says Europe finally seems to have broken free of the economic uncertainty that has plagued it for a decade and discusses the impact of irrational news on investor sentiment, and whether or not the market rotation we saw in the second half of 2016 is now fully ‘priced in’.
Interest rates have been on the rise since late last year as market participants correctly anticipated the Federal Reserve would move forward with interest rate hikes. As I write this, Government Long-Term Treasuries have lost over 16% since last July.
Family wealth has emerged as the financial-industry topic of this decade, akin to what estate planning was in the ‘70s, investment planning in the ‘80s, financial planning in the ‘90s, and wealth management in the ‘00s. Today family wealth advisors serve 35,000 households that all together account for more than $5 trillion in assets.