The Perils of Market Timing
What happens if a market timer misses the most important days or months?
Research Publications Archive
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.
Rebalancing
While rebalancing may provide a slight enhancement in returns, its primary goal is to keep asset class weights at or near target allocations in order to control risk and reduce portfolio volatility. This report outlines characteristics of the most common rebalancing strategies and issues to consider when establishing and setting a rebalancing policy.
Bullish on Japan
Economic and market indicators are finally flashing green for the Land of the Rising Sun.
Whither Inflation?
While most investors believe inflation is set to rise, this is hardly a foregone conclusion; indeed, the threats of high inflation and deflation both remain.