European Small Caps: Mounting Concerns, but Stay the Course
Small-cap stocks on both sides of the Channel have performed quite well this year, though their momentum could begin to diminish under the force of several headwinds.
Research Publications Archive
Emerging Markets Equity Investing
An overview of emerging equity including valuations, correlations with other asset classes, risks, investment vehicles, and benchmarks. Exhibits cover market capitalization, comparative valuations among emerging countries, and performance data on representative emerging equity managers.
Japan: Still Time to Get In?
Despite rapid price appreciation and broadening investor bullishness, Japanese equities remain attractive.
Oil and Gas Investing
This report examines the diversification benefits of oil and gas, entry/exit prices, risks (“dry-hole,” liability, and tax), implementation issues, and investment manager evaluation criteria.
Are Earnings Running Out of Gas?
The risks to U.S. corporate profits are underappreciated.
European REITs – The Changing Landscape
Can government and property industries craft a real estate investment vehicle that shores up the tax base and satisfies investor demands?
Energy Exposure: Too Much? Too Little? Too Late?
Investors’ allocations to energy-related assets have increased significantly. Given that energy commodities are overvalued, should we be concerned?
New Equity Indices Are Quite Stylish
New style indices have significantly improved the choices available to style-conscious investors and managers.
Equity Investors Shrug Off Economic Concerns
Optimism about future earnings growth is rising.
Conflicts of Interest
This report examines state and federal law governing the fiduciary responsibilities of nonprofit entities, particularly investment committees, and IRS enforcement of transactions involving “excess benefit” and “disqualified persons.” Exhibits include sample conflict of interest and disclosure policies.