14 Aug Finance Students Beat the S&P While Managing Alumni-Backed Investment Fund
Graduate finance students got real-world experience with managing an active fund thanks to a gift from alumnus Vince Lowry ’79. ...
Articles
06 Aug Capital Markets Update: Can history help us understand today’s environment?
In 1968, a virus from Asia swept across the world, which was borne through an Avian influenza. According to data from the CDC, the estimated number of deaths was one million worldwide and about 100,000 in the United States, with the majority of deaths...
28 Jul The Efficacy of Sales Growth
Factor investing has become an important theme for investing. It allows an investor to determine what parts of their investments are driving return. It’s not only important to determine what is driving your investment return but how you are obtaining a particular factor exposure. Growth...
24 Jul Global Beta ETFs Teams with Impact Partners and S&P Dow Jones Indices to Launch Two Factor Based ETFs
Global Beta ETFs announced today expanding its factor based suite of ETFs listing the Global Beta Low Beta ETF (Ticker: GBLO), and the Global Beta Momentum Growth ETF (Ticker: GBGR) on the NYSE Arca. Both ETFs list with an annual net expense ratio of 29...
10 Jul Catching the Run-Away Market
“Don’t fight the fed” and “Don’t fight the tape” are expressions that have echoed from market professionals throughout the second quarter of this year. This has resulted in bubbling valuations in certain parts of the market. The second quarter has seen peculiar things such as...
09 Jul Portfolio Construction Guide During High Valuations
One of the great challenges with portfolio construction as we look forward over the next 5 years is the lack of reliable risk models that reflect the realities of today’s investment environment. Never have investors been faced with near zero short-term bond yields as well...
29 Jun ETF Premiums and Discounts in Volatile Markets
Have you found yourself wondering how the volatility of recent months has affected the prices of exchange-traded funds, and more importantly how this impacts your client’s portfolios? While actual value and current prices are generally pretty close when markets are calm, they may diverge significantly...
06 May Bearer of Bad News for Broad Market Indexes
Prior to the global health pandemic that has taken financial markets by storm, investing over the past decade had effectively been on autopilot with broad market indexes setting new highs constantly over that time. Since the market bottomed from the Financial Crisis of 2008/2009...
24 Apr Is Price-to-Sales Ratio a Superior Valuation Metric?
Systematic value investors face a lot of options when deciding which value metric they should utilize when constructing their portfolios. Unfortunately, common valuation metrics such as price-to-earnings (or the PE ratio) are prone to inaccuracies due to arbitrary increases in the life span of assets...
14 Apr Time For A Mulligan
This quarter has been the worst quarter in over a decade. The S&P 500 Index officially crossed into a bear market on 3/12/20, which is defined as a period in which an index falls 20% from a new high. This marks the 6th...