…dividends and interest earned by the fund’s holdings during the most recent 30-day period (less expenses), and divides it by the value of the outstanding fund shares. That number is…
Search Results for: value
International Equities and Diversification
…indices adds less value to a portfolio than they did in the past, investors should “re-evaluate the assumptions they have made based on the long-term relationship of U.S. and global…
When Warren Buffett Thanks You for “Client Alpha”
…idea that successful investing through value or other active strategies that have the potential to beat the market over time requires the right type of clients with the following qualities….
Jeremy Siegel: “Fairly Valued” Market Presents Two Big Risks
…should up your bet.” Value vs. growth: Will value stocks turn relative to growth? Siegel says, “I believe we’re nearer to that time than ever. I base that partly on…
Excess Returns, Episode 2: The Rising Bar for Active Management
The market has always been tough to beat, but the ability to investors to gain inexpensive exposure to factors like value and momentum has made the job of active managers…
Morningstar’s Revamped Ratings Deliver Hit to Active Funds
…Process, but in the new version Price and Performance have been combined with the others—so, now fees are “tied to performance to see what the value add is for them.”…
The Danger of Overscrutinizing Out of Favor Investment Metrics
…used value factors: Price/Earnings – Earnings can be subject to manipulation and accounting gimmickry. Also, all the price-based metrics don’t take debt into account like enterprise value based metrics…
The Misery of Value Investing
A recent article in Institutional Investor discusses the challenges faced by value investors and the reasons behind them. “There’s no single reason for this unprecedently bad run for value investing,”…
Excess Returns, Episode 1: The Mechanics of Value Investing
…talk about the mechanics of value investing and the many decisions that go into constructing a value portfolio. We talk about: Defining the universe Which metric(s) to use How many…
JPMorgan: Value Rotation Will Continue
Marko Kolanovic, JPMorgan’s global head of macro quant and derivatives strategy, says the “massive rotation into value stocks that rocked investors two months ago is going to extend to 2020,”…