Articles in - Month: November 2019

Women and Wealth: Three Findings and Their Risks

In a decade of researching women and finance, I have interviewed over 800 highly accomplished women globally from diverse age groups, professions, industries, and backgrounds. Over all those years and interviews, my three key research findings relate to women’s...

International Equities: Diversification and Its Discontents

Many US investors allocate to international equities in the belief that it diversifies portfolio risk without compromising long-term returns. While this may have been true in decades past, the evolution of the global economy has altered the relationship between US and...

Richard H. Clarida on the Evolution of Fed Communications

Richard H. Clarida spent a dozen years working in bond markets and 30 years as a professor watching the US Federal Reserve. Now that he is vice chair of the Fed, he has a new perspective. “When you’re inside the building,” he explained at the CFA Institute...

The Investment Case for Culture

Our challenge and responsibility as investment professionals is to improve investor outcomes. Naturally, we’re curious what role the culture of the companies in which we invest plays. Does it contribute to the overall performance of our investments when it comes to...

ETFs: The Systemic Risk Compass

“The thing that worries me most is an ETF providing an investor unintended exposures in their portfolio.” — Ashley Cooke, head of ESG solutions and passive, institutional client coverage, DWS Xtrackers “Accelerated events to the downside . . . are not unique to...

The Norwegian Oil Fund: An Embarrassment of Riches

Ever feel weighed down by the burden of excess riches? Tainted by the moral hazard of an unexpected windfall? No? Then you’re probably not Norwegian. In a fascinating address at the 1st Nordic Investment Conference in Copenhagen, Knut Anton Mork of Norwegian...