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.
Is private equity worth it? New research shows PE's 3.8% annual edge over public markets is far smaller than the industry claims, has been shrinking since 2006, and partly disappears once you adjust for leverage, size, and sector exposure. With all-in fees reaching 6% per year, retail investors should ask why the velvet rope is coming down just as institutional outperformance has faded. The answer: the industry needs your money.
Robin Powell
Dec 11, 20258 min read
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