Investing in Global ex U.S. Small-Caps: Can a Case be Made?
While non-U.S. small-cap equities appear undervalued, performance may vary significantly between the two primary indices.
Research Publications Archive
The Financial Sector: A Giant Octopus and its Tentacles
Not since the oil shock of the early 1980s has a single sector accounted for such a large percentage of market earnings—what does this mean for investors?
U.K. Property: Attractive, But Pricey
Although property has outperformed equities and bonds over the last 16 years, 10%+ annual returns are unlikely in the foreseeable future.
Manager Hiring and Firing
This report uses extensive data to support our conviction that investors should be cautious about firing poorly performing managers that have simply adhered to their strategy during an unfavorable part of the market cycle and whose results fall within the range investors should have reasonably expected.
Japanese Equities: Getting Interesting
The combination of pervasive gloom, low expectations, attractive valuations, and a refusal to acknowledge the positive changes, which are occurring (albeit slowly) in Japan has begun to whet our appetite for Japanese equities.
Pension Fund Deficits
Pension fund deficits, which remain heavily concentrated among a handful of firms, are just starting to impact the bottom line, while the longer-term implications for all investors may be a shift in asset allocation.
Small-Cap Strength: Running Out of Fuel or Signaling for a Broader Pick-Up?
Small-cap stocks have been remarkably resilient over the last four and a half years, but the sector appears to be weakening.
Investing in China: Not Yet
Although China boasts vast investment potential, all but the most intrepid and well-informed investors should either focus on indirect investment or simply study the economy and markets to prepare for possible investment in the future.
Reality Earnings
Despite the steady stream of financial scandals and revelations of conflicts of interest on Wall Street, the game of beating analyst projections continues.
Transition Management
This extensive report examines the cost components of moving assets between managers, the relative merits of five methods for moving those assets, and selection criteria for choosing a transition manager.