…posted on ETF.com. The article cites comments by Tom Rampulla, managing director of Vanguard Financial Advisor Service, who argues that active managers have to employ factor and smart-beta investing, referred…
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Ritholtz Says Stock-Picking is Still Alive if Not Kicking
…suggest that much of active investing performance is attributable to factor-based strategies (picking stocks based on things like market cap, profitability, value, etc.), but index investing offers a cheaper way…
Active Fund Performance Improved in Recent Months
…bid to adapt to the continuing competitive pressure.” These include BlackRock Inc., which is placing greater focus on quantitative investing and fee cuts (as well as active manager layoffs). …
Dalbar: Average Investor Underperformance Reflects Emotional Investing
The annual study published by financial research firm Dalbar reports that the average investor in U.S. stock mutual funds earned 7.3% last year versus the S&P 500’s 12% return. This…
BlackRock to Expand Quant Investing
…free to choose between low-cost passive or expensive active investing strategies, the article suggests that he “is now a true believer in systematic investing styles over the stock picking smarts…
Ned Davis Sees a Passive Investing Bubble Expanding
…Davis Research) believes a passive investing bubble is expanding. “Not only have index funds outperformed, but the crowd has noticed,” according to Davis, who sees the next five years as…
James O'Shaughnessy: Knee-Jerk Investing Doesn't Work
A quantitative investing guru who uses concrete metrics to analyze stocks, James O’Shaughnessy believes that investors get in the way of their own success by reacting emotionally, writes Validea CEO…
Asness versus Arnott: The Factor Timing Debate Continues
…the rising popularity of smart beta and factor investing strategies” and that investors should “time their exposures to buy low and sell high.” Asness, on the other hand, argues that…
Simple is Smart in Smart-Beta Investing
…concluded that overly elaborate approaches to smart beta investing isn’t the best approach. “All five effects are genuine,” the article states, “in that they tend to cause stocks to perform…
Interest Rate Sensitivity and Low-Vol Investing
Interest rates have a significant impact on security prices, according to an article by Morningstar’s Alex Bryan, CFA, the firm’s Director of Passive Strategies Research, North America. Bryan writes that,…