…factors that look for and rank stocks based on value, momentum, quality and low volatility metrics. Shareholder Yield: Companies can return cash to shareholders in a number of ways –…
Search Results for: low-volatility funds
Equal- vs. Market-Cap Weighted Portfolios
…portfolio had a slightly higher volatility: 16% vs the market cap-weighted portfolio’s 15%. The article concludes with two risk factors to take into consideration. One, a cap-weighted index could imply…
The Investment Table Suckers
Institutional investors (i.e. mutual funds) outperform the market before fees—at the expense of retail investors, who underperform after fees. This conclusion comes from several recent studies, as detailed in an…
Laurence Kotlikoff: Most Retirement Planning is Wrong
…the market drop, though he missed out on the rebound. He’s waded back in with hedge funds that use arbitrage methods that aren’t reliant on how the market does. Kotlikoff…
Studies Suggest Active Management Could Thrive
…the advisors said that active management has been made more attractive by the recent reductions in expense ratio fees. Stock market volatility continues to be a concern, as does economic…
How Well Have Beta’s Predictions Aged?
…that has traded on the NYSE and NASDAQ, separating firms into low beta (under 0.5) and high beta (greater than 1.5) portfolios. While the 80s were a terrible time for…
Stock Market Still Active Despite $11 Trillion Index Invasion
…a spectrum of how active funds operate, concluding that while most products would qualify as highly active, both flows and trading activity are focused in the most active. But while…
Two Shiller-Inspired Metrics, Two Wildly Different Valuation Stories
…aren’t outrageous. The article quotes Adam Slater, lead economist at Oxford Economics, as saying there’s “a fundamental problem with the low rates argument—we may be comparing one overvalued asset class…
What is Quality?
…high margins, high asset turnover (indicating efficient use of assets), low financial leverage, low operating leverage (indicating a strong balance sheet and low macroeconomic risk) and low stock-specific risk (volatility…
China Is Beating Wall Street to Top Graduates
…the $100,000 that Wall Street firms typically pay. Funds have seen an influx of talent that might have otherwise gone abroad. Despite Chinese President Xi Jinping’s increased rhetoric about “common…