Why Not Hold Cash?
While virtually all asset classes look expensive, the decision to hold cash (or implement a derivatives-based hedge) is more complicated than it appears.
Authored by: Eric Winig
Emerging Markets Equities Have Become Overvalued
While we continue to believe in the long-term opportunity in emerging markets equities, prices have become excessive relative to fundamentals.
Implications of a Rising Pound
While continued pound strength would weigh on unhedged cross-border U.K. investors, it should not crimp corporate profits so long as global growth stays strong.
Much Ado About Nothing
Is all the talk about high equity risk premiums missing the bigger picture?
The Changing Face of Emerging Markets Debt
While the external debt market continues to fade away, rapidly expanding local currency markets offer opportunities for enterprising investors.
A Cautionary Tale on U.K. Property
Lessons learned from the early 1990s liquidity-driven property market crash.
Fundamental Indexing
An examination of the rules-based quantitative strategy of weighting portfolios by fundamentals rather than by market capitalization. The report discusses the major players of fundamental indexing; differences between fundamental- and cap-weighted indices; the debate over whether fundamental indices should be considered true indices; and fees associated with fundamental index exposure.
Bullish on European Property
Recent strong returns may be just the beginning for this underappreciated sector.
European Credit: An Accident Waiting to Happen?
European credit trades as if defaults are an historical relic to be found only in museums and musty, dust-filled libraries.
Deconstructing the Bullish Case on U.S. Equities
In order to be bullish, investors must make some heroic assumptions.