Navigational Aids for European Venture
Investors must be highly selective when considering commitments to European venture capital funds.
Research Publications Archive
Emerging Markets Equities: Still Attractive
While emerging markets have struggled in 2004, the risk-reward trade-off for the asset class remains quite favorable.
What Next for Equities?
Following a period of stellar earnings growth, U.S. equity valuations have improved, but remain high as earnings momentum begins to decelerate.
The Perils of Market Timing
What happens if a market timer misses the most important days or months?
Investing in Energy
Aging infrastructure, capacity constraints, and rising global demand suggest that the energy sector may offer profitable investment opportunities over the coming years.
Implementing Investments in Real Assets
This paper examines the diversification and inflation-hedging benefits of an allocation to real assets. Exhibits include correlation analyses, and performance data for representative commodities, energy, natural resources, and timberland managers.
The Best Offense Is a Good Defense
A detailed discussion of how investors should protect their portfolios and allocate their assets during a bear market. Exhibits include cumulative wealth analyses, U.S. equity returns, price-earnings ratios, and global equity market valuations.
Germany Joins the Inflation-Indexed Party
Inflation-indexed bonds, a curiosity a decade ago, are now a full-fledged global asset class.
Japanese Equity Indices: A Look Under the Hood
Kicking the tires in the Land of the Rising Sun.
Underweight Small Caps?
Investors should seek quality, not necessarily different capitalization sectors.