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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...
Always confident but often wrong
By JOACHIM KLEMENT Note: This post is the result of a conversation I had with Preston McSwain. We found it so interesting that we decided to work on a post together. We hope you enjoy it. “If you are a smart and...
Are there any excuses left?
By ALBERTO ALLEGRUCCI For the first time, the SPIVA Europe Mid-Year 2020 Scorecard introduced risk-adjusted performance evaluations of European equity funds. Previously, proponents of active fund management may have criticised the SPIVA scorecard for measuring performance on a return-only basis. They may...
What exactly is an index?
By PATRICK CAIRNS The power of passive investing is that it gives you cheap and efficient access to the market. It does this by tracking the performance of an index. For most investors, this will make sense even on a superficial...
Cost a huge factor in non-profit endowment performance
By LARRY SWEDROE Of an estimated universe of more than 310,000 public non-profit organisations (NPOs), about 35,000 have endowment funds, with a total of $800 billion in assets under management (AUM). Outside of university endowments, there is no systematic evidence to...
Dear valued client
Here at The Evidence-Based Investor, we love reading letters from top City fund managers, and this is one of our favourites. It was originally published in Money Marketing and is republished here with kind permission. Dear valued client, Buy gold. On second...
The new future shock
It’s now half a century since the American writer Alvin Toffler released the best-seller Future Shock, about what happens to societies overwhelmed by rapid change. While not claiming to be prophesy, Toffler’s book still resonates 50 years on. “Change is avalanching...
