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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 you should avoid thematic funds
By NICOLAS RABENER This research note on thematic funds was originally published by the CFA Institute’s Enterprising Investor blog. Here is the link. Summary Thematic investing can be viewed as performance chasing with a narrative A systematic approach to thematic...
Do recent correlation levels tell us anything?
With stock markets falling or rising by 5 or even 10% a day just lately, it’s practically impossible to predict the direction of markets in the very short term. In the long term, as TEBI readers know, the picture is usually positive....
Robin’s Reads, Week 11, 2020
By ROBIN POWELL Recent market falls Even for the most disciplined investors, this has been tough (James Stewart) A market lesson in a time of crisis (Patrick Cairns) Some perspective on the recent market falls (Garrett Quigley) Resist the itch for...
Does indexing really get you average returns?
By LARRY SWEDROE The 1973 publication of Burton Malkiel’s “A Random Walk Down Wall Street” set off a revolution. Malkiel presented findings from academic research on the failure of actively managed funds to beat the market. The standard response at the...
A market lesson in a time of crisis
By PATRICK CAIRNS The last few weeks on the markets will still talked about for years to come. Between the middle of February and the start of this week, the FTSE 100 dropped more than 31%. The scale and speed...
Riding out the market turbulence
LOOK AT IT THIS WAY Have you ever experienced extreme turbulence on a long flight? It’s frightening, isn’t it? The sudden drops are unpredictable and disconcerting. You can feel as if you are going to die. It’s how a lot of...
