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Introducing our new portfolio review service for professionals
The vast majority of pensions funds, charities, endowments and other institutional portfolios have underperformed the market for decades. The way to stop the rot is to have an independent portfolio review, reduce fees and complexity, and increase diversification. From today, that’s precisely what TEBI is offering. As anyone who’s read The...
Genuinely bespoke portfolios are largely a myth
A reason financial advisers often give for not outsourcing their investment management to a low-cost, evidence-based model portfolio service is that every client deserves an “individually tailored portfolio”. They’re right, of course, that everyone’s needs are unique. But, as ROBIN POWELL...
How does monetary policy affect asset prices?
By LARRY SWEDROE In their seminal 1961 paper, Dividend Policy, Growth, and the Valuation of Shares, Franco Modigliani and Merton Miller demonstrated that in frictionless capital markets, economically rational investors should be indifferent between the two sources of returns: income and...
Louise Cooper: The investing industry is not your friend
Five things investors need to know 3. THE INVESTING INDUSTRY IS NOT YOUR FRIEND LOUISE COOPER is a straight-talking financial journalist. She has been a presenter on BBC 5 Live and Radio 4, and she writes for several national...
Factors in focus: Low volatility (2/5)
The low-volatility factor was first documented in the early 1970s by US academics Marshall Blume and Irwin Friend. Although highly volatile stocks can produce impressive bursts of performance, Blume and Friend showed that stocks that are less volatile have historically generated...
The role of “active fee” in fund selection
The authors of a new study have suggested a new measure that could be made available to investors when selecting funds for their portfolio. It’s called active fee — the ratio between the excess cost of active management over the index...
Should you invest in a dividend ETF?
Dividend ETFs are popular strategies, but they are far from equal.
