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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...
Are we in a bubble?
We’re only just starting to recover from the effects of a pandemic that closed much of the global economy. Huge job loses are predicted all around the world. And yet, global equity markets have climbed more than 80% since the crash of ...
How useful are risk tolerance questionnaires?
By LARRY SWEDROE From an investment standpoint, the role of an adviser is to construct a variety of portfolios with differing risk and return trade-offs, obtain an understanding of the investor’s preferences — including their attitudes toward risk and marginal...
The case for looking beyond the S&P 500
Many investors confine their US exposure to the S&P 500. In doing so, they may be missing out on the long-term outperformance of smaller companies, as Dr TIM EDWARDS from S&P Dow Jones Indices explains. International equity investors have long participated...
Is ESG a factor like size or value?
Most TEBI readers will be familiar with the concept of investment risk factors — i.e. characteristics of a stock or bond that make that security more likely to outperform the broader market over the very long term. The most common ones are...
Endowment performance has sharply deteriorated since 2008
By LARRY SWEDROE The outstanding performance of the Yale endowment fund, managed by legendary investor David Swensen, led many endowments to try to replicate its performance by increasing their exposures to alternative investments (such as private equity, private real estate and...
Young investors are more cautious than you think
The common perception about age and willingness to take risk is that the older you are the more risk-averse you become, but there are increasing signs that young investors today are more security conscious than their parents were at the same age....
