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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...
Why we struggle to see we’re being lied to
By CAROLYN GOWEN Psychologist Tim Levine has been conducting versions of the same simple experiment throughout his career. Several students are invited to take a trivia test. If they get the questions right, they are awarded a cash prize. The students...
How to become a millionaire, Part 4
By ANDREW HALLAM Welcome to the fourth video in this series for new investors. Plenty of people know they should invest in low-cost index funds instead of actively managed products. But what exactly is an index fund? In this video, I...
Can you trust bond fund classification?
By LARRY SWEDROE Despite the fact that the U.S. bond market is similar in size to the equity market, there had been no study providing a systematic comparison of how mutual fund asset profiles compare to their actual holdings. Yet, investors...
How did Australian active managers handle Q1 volatility?
On Tuesday we showed how European fund managers underperformed the index the first three months of 2020. Your chances of identifying, in advance, one of the funds that did outperform were worse than a coin flip. Active managers in some countries fared...
Why failed predictions are soon forgotten
People are making predictions all the time about the economy and the financial markets. But the forecasting track record of even the “experts” is pretty woeful. So, why are we so tolerant of failed predictions? And why do we still our faith...
Nicola Horlick: Active management is dead and buried
By ROBIN POWELL I’ve never been Nicola Horlick’s biggest fan. Horlick, you may recall, was hailed as a “City superwoman” in the 1990s for her ability to balance a large family with a successful career in the male- dominated fund management...
