“It is possible to construct equity portfolios that possess out of sample exposure that facilitate more precise targeting of levels of macroeconomic risk exposure.”
Category: United States
Decoupling Correlations: Global Markets since COVID-19
An examination of global stock market indices since 2015 reveals one clear takeaway: Every single index’s average correlation with all other indices has fallen.
How to Build Better Low Volatility Equity Strategies
Not all low volatility strategies are created equal. Many lack the diversification and risk control needed to guard against concentration and macro risk.
Climate Risk and the Future of US Commercial Real Estate
Climate risks and the CRE loan market have many points of intersection that spotlight the urgent need for community and regional banks to recalibrate their risk assessment frameworks.
Can Investor Activism Boost Small-Cap Stock Performance?
In the Financial Analysts Journal, Emmanuel R. Pezier and Paolo F. Volpin analyze a private dataset of a UK fund’s engagements with small-cap newly public firms and demonstrate that “behind-the-scenes” engagements resulted in 8% to 10% in cumulative abnormal returns.
US Cannabis Investing: An Overview
The cannabis industry constitutes a new frontier in investing and is ripe with growth opportunities.
Book Review: Investing in U.S. Financial History
Mark J. Higgins, CFA, CFP’s epic book offers invaluable context for forecasting the direction of the economy and the market.
Research and Policy Center Five Most Popular Articles of 2023: Sustainability
For sustainability-related content, readers clicked most on “Applying Economics — Not Gut Feel — to ESG” by Alex Edmans in 2023.
Top 10 Articles of 2023: The 10 Greatest Investors, ChatGPT, and the Active Management Delusion
Enterprising Investor’s most popular posts of the year include contributions from Mark J. Higgins, CFA, CFP, Larry Cao, CFA, Michinori Kanokogi, CFA, and Yoshimasa Satoh, CFA, among others.
Research and Policy Center Five Most Popular Articles of 2023: Future of the Profession
The Future State of the Investment Industry report draws the most clicks in 2023.