…average of 1%.” It adds, “those that fell short have averaged a 2.1% pullback, below the half-decade average of 2.6%.” FactSet data also shows that, as of earlier this month,…
Search Results for: low-volatility funds
One Manager's Radical Idea: Zero Management Fees
…alpha, the firm contends, would “help investors grapple with volatility. In bad years, investors do not pay any fees. Active managers need to give investors a better probably of winning,”…
The Reckoning of the Hedge Fund Kings
Research from the firm HFR Inc. shows that clients have withdrawn money from stock-picking hedge funds for three years running, the longest stretch of outflows since it began tracking data…
A “Protective” Alternative to the 60/40 Portfolio
…and it’s worked, but with U.S. stocks up nearly 350% off the 2009 lows and interest rates at historical lows, some investors are wondering if the 60/40 stock/bond portfolio has…
Deep Dive into Value Performance
For the first in a three-part article series, Morningstar used its database to “dig into the current spell of underperformance for value funds” by analyzing the historical landscape, putting recent…
Small-Cap Value Stocks May Be Worth the Wait
…time will generate excess returns with lower volatility of returns.” He argues that, since the 2008 financial crisis, investors have avoided weak companies. Particularly with smaller businesses, he says, an…
Why Value Has Been Lagging Growth
…between value and growth—including low interest rates, quantitative easing, and the influence of big tech stocks–but the data fails to support any of them. The research report notes that things…
Investing Lessons from the Best Poker Players
…thinking about money in ways that maximize pleasure and minimize pain—i.e. folding often and quickly, or playing a lot of low-risk, low-stakes hands. They might win often, says Duke, but…
A Framework to Evaluate Value Strategies
…Price/Free Cash Flow 10 ZIG Acquirer’s Multiple 14 VLUE Price/Book, PE, Enterprise Value/Cash Flow 22 VFVA Multiple 21 FOVL Price/Book, Price/Dividend, Price/Earnings, Price/Cash Flow 17 As you can see from…
After 2,600% Gain, Epic Run Fizzles
Philippine money manager Wilson Sy says his strategy of betting on lesser-known companies outside his benchmark index has been upended by the flood of cash into passive index funds, a…