…to shareholders. Take a look at the chart below from O’Shaughnessy Capital Management. source: https://www.osam.com/pdfs/An_Option_to_Improve_Shareholder_Value.pdf Stocks that bought back shares and paid dividends have performed better than companies that did…
Search Results for: low-volatility funds
Were Market Gurus Accurate about Recent Predictions?
…he recently scored with “+1” for true, “-1” for false. Below is a chart outlining his findings: Prediction Score U.S. economic growth would continue strong -1 Corporate profit growth would…
Five Questions: Tackling Some of the Toughest Questions in Investing with Michael Mauboussin
…that is likely the result of lower volatility and part of it due to heightened competition. So the benefit has come down. If you believe the benefit/cost story, the benefit…
Commentary: Smart Beta vs. Alpha-Beta Combination
…ETFs or liquid alternative mutual funds” for costs comparative to those of smart beta ETFs. According to the article, the advantages of combining both alpha and beta strategies include: A…
Joel Greenblatt Defends Value Investing
…and the strategy’s near decade-long struggle with underperformance. Here are some highlights: · On his definition of value investing, Greenblatt clarifies, “It does not mean low price-to-book-value, low price-to-sales ratio investing,…
GMO Excerpts: The Comeback Trail of Value Investing
…letter to investors. The article summarizes his comments: “In short, the current market reminds him of 2000—when the Nasdaq bubble peaked, and EM debt was ebbing near its lowest points—and…
Mutual Fund Unicorn Investment Backfires
The attempt by mutual funds to beat benchmarks by investing heavily in unicorns—private companies worth more than $1 billion—has been disappointing as “newly public companies are being forced to mark…
Private Equity is Everywhere
…PE firms makes them highly profitable for high-level management and offers high investor returns, funds are typically open only to high net-worth investors, institutions and endowments. Further, it argues, PE…
Funds Aiming to Harvest Profit from Agriculture
…nearly as varied as the crops in the fields,” ranging from actively managed funds to ETFs. Futures contracts offer another avenue, but can be volatile because the markets are relatively…
Some Investors Turning to God as Portfolio Manager
…identify companies can cause a BRI portfolio to deviate from the broader market. “Whether socially responsible funds, in general, outperform is hotly disputed,” he argues, adding, “There isn’t much evidence…