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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...
A diverse portfolio is a strong portfolio
By CRAIG LAZZARA We can think of an active equity portfolio as a combination of a benchmark (the S&P 500®, for example) and a set of active bets that measure the portfolio’s deviation from the benchmark. The relative size of the active bets is sometimes...
How can we explain momentum returns?
By LARRY SWEDROE Momentum, the tendency of past winner stocks to outperform past loser stocks over the next several months, is one of the most well-documented and well-researched asset pricing anomalies. In our book, Your Complete Guide to Factor-Based Investing, Andrew...
Four lessons from an investing pioneer
By NICK MAGGIULLI Last week, David Swensen, the famed investment manager and Chief Investment Officer at Yale, died at the age of 67 after a long battle with cancer. Swensen, who was the pioneer behind the “Yale model”, revolutionised how endowments...
Australia’s advice revolution hits a snag
After a decade of upheaval and turmoil, the Australian financial advice sector is bracing for more unsettling change as governments and regulators seek to strike an appropriate balance between protecting consumers and keeping advice affordable. More than two years after a...
Be the change — a motto for a new generation of advisers
The financial advice profession gets a bad wrap, and, in many ways, rightly so. There’s still far too much focus on selling products and not enough on the aspects of the job that really do add value — behavioural coaching, for example, cashflow...
Why investing is more like golf than football
Every investor should know what game they are playing in the market.