Results for 'esg'
Sustainable investing is about returns we may never notice
By JOE WIGGINS At its heart, the shift towards sustainable investing is driven by the disconnect between the attempt of companies to maximise short-term shareholder value and the impact their activities have on other stakeholders and wider society. The doctrine of shareholder value maximisation is best expressed by Milton Friedman’s assertion that the […]
¿Se debería incluir el Bitcoin en las carteras?
El pasado mes el precio del Bitcoin subió por encima de los 40000 USD por primera vez. Hace 5 años, a finales del 2015, un Bitcoin se negociaba justo por encima de 400 USD. Cualquiera que hubiera comprado la criptodivisa entonces y la vendó el mes pasado en el último máximo ha multiplicado […]
Which is best for corporate bonds — active or passive?
Robin writes: Here at TEBI, we’re not huge fans of corporate bonds. The reason is we like to keep things simple. Equities should make up the bulk of your portfolio; the rest of it, ideally, should be invested in short-dated government bonds such as Treasurys and gilts. As we explained the other day, you […]
A value premium update for the not very interested
Mention the value premium to investors and chances are their eyes will glaze over. Most have never heard of it — and many who have head of it probably can’t remember what it is. But, believe us, this stuff is important, so please bear with us while we give you a quick update. […]
Will ETFs overtake mutual funds?
It’s 28 years since the first exchange-traded fund was launched, and they’ve grown from strength to strength. It’s a trend that shows no sign of abating. Assets managed by ETFs jumped by more than a third during 2020, with record net investor inflows pushing global ETF assets to an all-time high of $8 trillion. […]
What happens AFTER fund managers crush it?
Investors and the media tend to pay close attention to a fund’s recent performance. When a fund’s short-term record is especially good, it almost invariably attracts greater attention and significant inflows. As Craig Lazzara explained last month, there was an even smaller proportion of outperfoming funds than normal in 2020. But, as is usual […]
The most over- and under-hyped benefits of ETFs
By BEN JOHNSON As an investment wrapper, exchange-traded funds have several beneficial characteristics. But I would argue that some have been oversold — made out to be more significant than they are. Others have been undersold — not given their due. In both cases, I think there is some mischaracterisation of the benefits, missing context, or some […]
Transparency is good for business for asset managers
By JOACHIM KLEMENT Fund managers around the world are increasingly facing new regulations that will require them to disclose more information on the climate-related risks of their investments, as well as their fees and charges. Talking to both fund managers and executives of businesses on these disclosure regulations, I encounter all kinds of […]
