European Bonds: Choose Your Benchmark Wisely
The benchmark choice may be more important than valuations.
Research Publications Archive
Japan Still Bullish
The pieces are finally in place for a long-awaited recovery in corporate earnings.
Looking for Themes in a Range-Bound Market
Large-cap indices are benefiting from high-quality stocks this year.
Navigational Aids for European Venture
Investors must be highly selective when considering commitments to European venture capital funds.
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.