Results for 'esg'
Practitioners still pay too little attention to academia
By JOACHIM KLEMENT I recently read a paper that claimed that practitioner research has become increasingly more reliant on academic research and less on non-academic and unpublished research (e.g. from brokerage firms). As someone who intensively uses academic research in his work, I was encouraged by this claim — until I read how the […]
You get what you don’t pay for
We’ve written many times about the SPIVA scorecard from S&P Dow Jones Indices. But Morningstar has its own ongoing measure of active fund performance, called the Active/Passive Barometer. The latest instalment of the Barometer has just been published and, as you would expect, the findings are generally in line with SPIVA’s. Broadly speaking, your […]
Stocks have lagged bonds since 1970. Why?
By JOACHIM KLEMENT We all know that both stocks and bonds have benefited from declining interest rates over the last couple of decades. For bonds, the interest rate sensitivity is usually captured in a first approximation by the duration of the bond. A bond that has a duration of 10 will increase by […]
Is your value fund bad for the planet?
It’s well documented that the premium associated with value stocks is long overdue. So now is not a good time to lose patience with it. Something that value investors might want to take a look at, however, is how heavily exposed they are to companies with high greenhouse gas (GHG) emissions. As BERND HANKE […]
Don’t invest like you were Don Quixote
Much of the media commentary around markets and investing positions the individual as a heroic figure, pitching his or her expertise against the views of everyone else. Beating the market wins you bragging rights. However, this framing is based on a number of myths. The number one myth is that your job as […]
What keeps me going
By ROBIN POWELL When my Regis Media colleagues and I started producing content for financial advice firms, one of our first clients was Chas Boinske, President of Independence Advisors in Pennsylvania. As well as working together, we’ve become good friends over the years, and I’m full of admiration for the work that Chas […]
The one asset you need to protect
By LESLEY GREGORY Human capital is our personal ability to increase our wealth. Just as you try to protect your financial capital, it’s also important to protect your human capital. Each year about one million people in the UK find themselves unable to work due to serious illness or injury, yet only a […]
12 reasons why high-flying professionals fail at investing
Robin writes: Many years ago, at an investment conference at a prestigious Oxbridge college I sat next to the college bursar at dinner. The conversation inevitably turned to plans for managing the college’s endowment fund. I was too embarrassed to say anything — perhaps I should have done? — but it soon became apparent […]
