European Equity Leadership Still Concentrated
While returns have been strong across European markets, the financials sector remains in the driver’s seat.
Research Publications Archive
Demystifying Quantitative Investing
This report analyzes how quantitative investment practices enhance the investment process and in which types of portfolios they usually flourish.
Taking the Measure of Global Bonds
Caveat emptor as spread product proliferates.
The Unloved Mega-Caps
Valuations make the case for overweighting the very largest firms within a U.S. equity allocation.
New Bull or Same Old Secular Bear?
Although U.K. equities are approaching their year 2000 highs, history implies the secular bear market is not yet over.
Investment Committee Governance
A concise review of issues pertinent to investment committee members, particularly (1) the law applicable to fiduciary responsibility; (2) its enforcement; (3) its evolving interpretation; and (4) second-order effects centering on changing views of accountability and risk, and coming from auditors and debt rating agencies.
Koizumi Steps Down: Implications for Investors in the Japanese Market
Investors in the Japanese market have enjoyed a good run under the Koizumi Administration but will need to monitor whether Koizumi’s successor continues the reform process.
Should Equity Investors Fret Over the Strong Euro?
Continued strength in the euro would likely put increasing pressure on European corporate profits, and by extension European equity markets.
Reassessing the Hong Kong Market
Hong Kong-listed stocks provide direct and indirect exposure to China. Investors should be aware that mainland Chinese companies play an increasingly prominent role in Hong Kong’s stock exchange but that exchange-tracking indices significantly differ in the degree to which they include Chinese shares.
Still Pounding the Table on Quality
In a world of overvalued financial assets, high-quality shares look to be one of the last bargains left.