How to be Bullish
While a continued rally is not our base scenario, a plausible argument can be made that U.S. equities are attractively priced and thus poised to move higher.
Research Publications Archive
The All-Share Grows More Concentrated
The Royal Dutch/Shell merger will make the already top-heavy FTSE indices even more concentrated.
Asian Markets Primer Part VI
A look at the performance history and valuations of style indices.
Assets Under Management
As assets under management grow, investment flexibility is limited and managers must make choices. How much money can investment managers take in before the ability to add value fades away to market returns minus fees?
U.S. TIPS Look Before You Leap
With real yields of just 1.6%, ten-year U.S. TIPS are currently an expensive inflation hedge.
Are Linkers Rich?
Linkers look expensive at current yields.
Asian Markets Primer Part V
The varied approaches to defining small cap.
U.S. Equities Are Cheaper, but Fewer Values Remain
With valuations more concentrated, style and market cap should be weaker drivers of return.
U.K. Property: Stretched Valuations and Spotty Fundamentals
Upside from current U.K. property levels is likely to be limited.
Asian Markets Primer Part IV
A look at their recent trends, volatility, correlations, and exchange rate regimes.