Dividend Yield Combinations
Buying high yielding and selling low yielding stocks is not an attractive strategy. Combining Dividend Yield with Quality & Growth factors improves the performance. Interestingly Dividend Growth adds relatively little value.
Gregg Fisher – The Advantage of Multi-Factor Investing
Gregg S. Fisher founded Gerstein Fisher in 1993 based on a vision of offering a quantitative investment management approach grounded in sound economic theory and more efficiently implemented through technology. In this interview, he discusses the virtues of multi-factor investing and which factors are attractive in today’s market.
Trade Wars are Bad, and Nobody Wins
Inker, the head of GMO's asset allocation team, warns that a full-blown trade war "is probably more dangerous for investors at this time than at any other time in recent history."
With Target-Date Funds, History Does Repeat
Target-date funds played a big part in helping defined contribution (DC) plan participants stay invested through February’s market turmoil. And history does repeat: in the severe 2008–09 financial crisis, these funds kept many participants positioned to take part in a lengthy bull market.
The World's Cobalt Supply Is in Jeopardy
Let’s focus on cobalt for a moment. Global demand for the brittle, bluish-white metal has skyrocketed in recent months, exceeding 100,000 metric tons for the first time last year, according to mining consultant CRU Group. Over the next 10 years, it’s projected to grow at a compound annual growth rate (CAGR) of 11.6 percent.
Craftsmanship in Smart Beta
While somewhat at odds with today’s big-data, warp-speed approach to life and work, thoughtful craftsmanship—the product design and implementation elements that are tangible, measurable, and impactful—can create positive, persistent results in portfolio performance.
Defined Contribution: Four Themes for 2018 and Beyond
In our view, the prospective low-return environment calls for a capital-efficient approach that pairs actively managed bonds with passive or enhanced equities in target-date, core and retirement-income allocations.
Yes, Rates and Stocks Can Rise Together…. for Now
Think rising interest rates and higher stock prices are like oil and water? Think again, says Russ, at least for the time being.
How We Pursue Superior Returns
Michael Grant, SVP, Senior PM, describes the appeal of long/short equity: to act like a long-only investor when the environment is favorable and yet to have the flexibility to preserve capital when the environment turns. To learn more visit: http://bit.ly/AskPM-PLS
Madeleine Albright on Devin Nunes, Dennis Rodman and America’s Biggest Threats
In preparing for her 2000 visit to North Korea, Madeleine Albright was told that Kim Jong-il was an avid basketball fan. “I am totally responsible for Dennis Rodman,” she said.
On My Radar: The Volatility Flash Crash Explained
One of my big risk concerns is the unknown amount of money in the risk parity trade. Essentially, volatility drives the weighting decisions. If equity market vol is low, then equities get a weighting. If equity market vol picks up, then, by rule, the risk parity strategies rebalance their exposures… in this case, reduce equity market exposure. They are mathematically-driven strategies and all essentially use very similar volatility measurements.
Multi-Alternative Funds: Alts for One and One for Alts
In my most recent blog, I described how choosing the appropriate alternative strategy (Real estate? Market neutral? Senior loans?) could become the biggest challenge for new investors in alternatives. This is one of the most common questions I receive here at Invesco, along with how to identify the best fund managers and how to select specific alt funds for a portfolio.
First Quarter Hedge-Fund Strategy Outlook: K2 Advisors
In their first-quarter (Q1) 2018 outlook, K2 Advisors’ Research and Portfolio Construction teams believe favorable dispersion has created reasons for optimism in three main hedge-fund strategies: Long/Short Equity – Europe, Relative Value and Discretionary Macro. We believe offering these insights will help investors better understand the rationale for owning retail mutual funds that invest in hedge strategies.
“Uneasy lies the head that wears a crown”: A Conversation with Jack Bogle
In this far-reaching interview, Jack Bogle comments on the future of index funds, argues that the value premium has been arbitraged away and attacks publicly-held mutual fund companies.
On My Radar: Get JACK’D
Whatever business you might be in, you’ll probably agree with me that a critical key to your success is sales. Of course, you need great product, great team members and grit. But with great product and no sales… No success.