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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...
Bitcoin and other crypto assets: what are they really?
In our fifth article serialising ANDREW CRAIG’s book How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely, Andrew demystifies bitcoin, crypto assets, and blockchain. Andrew has worked in the City of London for over 20 years. In...
How to own the next Netflix
By YARIV HAIM and ALISTAIR MEADOWS There have been a number of major disruptions in markets of late. Here are a few examples. Having been seen as a path to guaranteed riches in recent years, new share issues (IPOs) have seen...
Does passive investing encourage companies to collude?
By CRAIG LAZZARA The critics of passive investing are nothing if not creative. One of their objections to the growth of index funds stems from the putative problem of “common ownership.” The argument is that index funds’ ownership of many of...
You can’t predict market movements. 2019 is a case in point
This is a guest post from DIMENSIONAL FUND ADVISORS The year 2019 served up many examples of the unpredictability of markets. Interest rates that US policy-makers expected to rise fell instead. American consumers’ confidence weakened as the year began [1], and...
Just how efficient are equity markets?
By LARRY SWEDROE A large body of evidence demonstrates that the ability of active managers to generate alpha (outperform risk-adjusted benchmarks) has been rapidly declining. For example, Mike Sebastian and Sudhakar Attaluri, authors of the 2014 study Conviction in Equity Investing,...
Why new investors have irrational fears
By ANDREW HALLAM Imagine this: You’ve just booked an airline ticket. But then you see a cheaper flight online. The second flight’s departure time is much more convenient – and you could change your ticket without paying an extra fee. It...
