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The widening valuation spread between growth and value

  Valuation spreads between growth and value stocks are the widest they have been since the turn of the Millennium. So what does this mean for investors? As this article from DIMENSIONAL FUND ADVISORS explains, low valuations mean value stocks currently have higher expected returns. But Dimensional’s own research shows that trying to time...

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SPIVA: What it is & what it tells us — Craig Lazzara (Part 1)

  If you’re interested in investing and you haven’t heard of SPIVA, you need to put that right. SPIVA stands for S&P Indices Versus Active, and for me it’s the go-to scorecard for active fund managers. Craig Lazzara, global head of index investment...

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Vast majority of UK fund managers “genuinely unskilled”

Genuinely unskilled. I feel privileged to be asked to contribute occasional articles to the CFA Institute blog, Enterprising Investor. The Institute does excellent work, all around the world, in promoting the highest standards of ethics, education, and professional excellence for the ultimate benefit...

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Congratulations SITV — half a million views & counting

  It was four years ago that my company, Ember Television, was approached by Barnett Ravenscroft Wealth Management to explore ways of using high-quality video to give ordinary investors the information they need to make better investment decisions. SITV. A year later we...

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Short-termism — why the whole investment industry is to blame

  Everyone knows the focus on short-term profits, or short-termism, isn’t healthy. It’s certainly not good for investors, or the wider economy. Yet, all around the world, the trend towards what Hilary Clinton has termed “quarterly capitalism” continues to accelerate. The common wisdom...

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#SFTW: Has MiFID II been kicked into the long grass?

SOMETHING FOR THE WEEKEND MiFID II I’m not quite the enthusiast for the European Union I once was. I’m as exasperated as any other UK tax payer at some of the things it spends our money on. But I am frustrated at the...

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Has MiFID II been kicked into the long grass?

  I’m not quite the enthusiast for the European Union I once was. I’m as exasperated as any other UK tax payer at some of the things it spends our money on. But I am frustrated at the lack of serious debate on...

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