Graying Around the Edges?
If tech stock earnings disappoint again in 2007, overall earnings are likely to fall short of expectations.
Research Publications Archive
A Cautionary Tale on U.K. Property
Lessons learned from the early 1990s liquidity-driven property market crash.
Asian Small Caps: Assessing the Landscape
Benchmark indices for Asian small caps differ significantly, indicating the substantial judgment required of managers in this space.
Making Sense of the Negative Roll Yield: Some Guidance for Commodities Investors
A substantive discussion on the recent negative roll yield of the Goldman Sachs Commodity Index and what it means for investors. This paper also touches on the GSCI Total Return Index, the Dow Jones-AIG Commodity Index, historical returns of commodity indices, and offers implementation options to commodities investors.
The Ghost of Laurels Past
Equity valuations seem reasonable, but watch out for mean-revision of earnings growth.
Encore! Or Exit?
While investors have high hopes for European equities in 2007, the headwinds facing the market may result in a disappointing performance.
Asian REITs Investing
This report focuses on the listed Real Estate Investment Trust (REIT) markets in Asia, especially the larger such markets of Japan, Singapore, and Hong Kong. The discussion also expands to include the smaller markets in Malaysia, South Korea, Taiwan, and Thailand, and the larger Asia Pacific region which includes Australia’s LPT market.
Rational Exuberance
Despite the potential for short-term bumps in the road, the Asian growth story remains compelling.
Fundamental Indexing
An examination of the rules-based quantitative strategy of weighting portfolios by fundamentals rather than by market capitalization. The report discusses the major players of fundamental indexing; differences between fundamental- and cap-weighted indices; the debate over whether fundamental indices should be considered true indices; and fees associated with fundamental index exposure.
Should ETFs be Part of Your Toolbox?
Utility of ETFs for institutional investors remains somewhat limited, but has increased.