Battle of the Benchmarks
With investor interest in global equities continuing to ramp up, index providers are working overtime to ensure that they meet the evolving needs of investment managers and investors.
Research Publications Archive
Room to Boost European Dividend Yields?
Excess cash may lead to increased dividends and share-buyback activity, if M&A activity doesn’t lay claim to the money first.
Emerging Markets Equities: An Introduction
A primer designed to help investors navigate the often bumpy road of investing in emerging markets equities. Topics covered include rationalizations, concerns, and strategies for investing in emerging markets equities.
Some Thoughts on “Perma-Bear” Adjusted Ratios
Our thoughts on the recent debate in the financial press over the relevance of cyclically adjusted P/E ratios.
Emerging Markets Equities Have Become Overvalued
While we continue to believe in the long-term opportunity in emerging markets equities, prices have become excessive relative to fundamentals.
European Small Caps: Is There More Left to Run?
While small caps may be able to climb higher amid the current liquidity-driven market, valuations clearly point to an unfavorable risk-reward trade-off relative to large caps.
U.S. Real Estate and REIT Investing
A look at the growth of the 2006 U.S. real estate and REIT markets. Report covers private real estate, public real estate securities, the various property sectors (office, apartment, retail, industrial, and hotel), as well as provides strategy suggestions for investors in the real estate market.
It’s Getting Late—Risks Are Rising
This report on asset allocation in the current environment is the fifth in what has evolved into a series of occasional papers on the evolution of the secular bear market in equities and our thoughts on how investors can best cope with the prevailing uncertainties. While recognizing that conditions could certainly remain benign for some…
Social Investing
This paper examines various approaches to social investing, explores whether social investing is incompatible with fiduciary responsibility, and outlines steps necessary to develop a social investing program.
In Search of Global Quality
Quality is relatively cheap outside the United States, although harder to come by.