[ad_1] Sixty years after it was first formulated, the core tenet of the efficient market hypothesis (EMH) — that stock prices fully reflect all available information — is still considered gospel truth in many quarters: Investors can only expect to earn a normal rate of return because prices adjust before […]
Investing
[ad_1] “My basic point here is that neither the Financial Analysts as a whole nor the investment funds as a whole can expect to ‘beat the market,’ because in a significant sense they (or you) are the market . . . the greater the overall influence of Financial Analysts on […]
[ad_1] Factors are the primary market drivers of asset-class returns. In the equity realm, only a limited set of rewarded factors are backed by academic consensus: Value, Size, Momentum, Low Volatility, High Profitability, and Low Investment. These factors compensate investors for the additional risk exposure they create in bad times. […]
[ad_1] Capital markets in Hong Kong SAR are buzzing with activity in 2024. Mainland China’s largest freshly made bubble tea chain, Mixue Bingcheng, applied for an initial public offering (IPO) on the Hong Kong Stock Exchange (HKEX) and is looking to raise US$500 million to US$1 billion. Mainland China internet […]
[ad_1] Global mergers and acquisitions plunged to a decade low last year, with $2.9 trillion in deal value announced, down 17% from 2022. Dealmakers mostly stayed on the sidelines as they grappled with higher inflation, rising interest rates, increased regulatory scrutiny, and market uncertainty, while potential sellers remained anchored to […]
[ad_1] What do investors look for when they buy environmental, social, and governance (ESG) equity index funds? In principle, as in any fund investment decision, it could be higher financial returns, greater portfolio diversification, reduced volatility, etc. But whatever investors hope ESG funds will deliver, they likely expect them to […]
[ad_1] A CRE Investing Primer Real estate investing means different things to different people. It can be shorthand for buying a rental property — taking out a mortgage, finding a renter, and hoping to clear the monthly cost while the asset appreciates. It can also mean buying shares in a public […]
[ad_1] The following is based on “Redefining the Optimal Retirement Income Strategy,” from the Financial Analysts Journal. Retirement, like life, is fundamentally uncertain. That’s why we need to provide clients with more context about what missing their retirement-income goals might look like and do it in a thoughtful way. In my […]
[ad_1] How have different portfolio allocations performed throughout the world? Amid recent market turbulence, the worst year ever for US bonds, persistent inflation, and the looming threat of slower growth or even recession, this is a critical question, especially given the current debate about the efficacy of the traditional 60/40 […]
[ad_1] A History of Financial Technology and Regulation: From American Incorporation to Cryptocurrency and Crowdfunding. 2022. Seth C. Oranburg. Cambridge University Press. In A History of Financial Technology and Regulation: From American Incorporation to Cryptocurrency and Crowdfunding, Seth C. Oranburg highlights recent changes to the world of finance by exploring […]