Most investors either ignore emerging markets or hand their money to active managers who underperform. Academic research points to a better approach: factor investing in emerging markets, targeting the company characteristics that have persistently driven higher returns.
New research has put a price on the emotional pleasure of owning collectible investments. The cost is roughly 2.6 percentage points of annual return, and it doesn't stop at art and wine. From property to employer stock to ESG funds, the same invisible fee may be silently eroding your portfolio.
Robin Powell
7 hours ago10 min read
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