Factor Investing: A Post-Modern Portfolio Theory
With apologies to Harry Markowitz, why it's wise to tweak MPT by using factors offering positive return premiums over time.
Index Funds Outperforming, and Outlasting, Active Funds: Morningstar
Morningstar concludes that mutual fund and ETF fees are the "only reliable predictors" of fund investing success.
How to Invest Like a Billionaire (if You Are One)
Remember, billionaires make specific investments for reasons that have nothing to do with saving for a house or college or a secure retirement.
Treasuries Gain as Minutes Show Fed Officials Split on Rate Hike
Financial markets had been expecting a more hawkish outlook for rates, but instead the minutes showed a multitude of opinions on when to hike.
Fund Managers Reduce Cash Positions, Boost Equities: BofA Merrill Survey
The August BofA Merrill Lynch fund manager survey shows more optimism about the global economy and equities, especially U.S. and emerging market stocks.
Summer Brings $54.6B in Active Equity Fund Outflows: Morningstar
Still, two fund groups are attracting assets to both their passive and active products, the research group says.
How Long Can this Gold Rally Last?
While gold prices are poised to climb to a 29-month high there are growing reasons to be cautious.
Famed Investor Bill Miller Leaves Legg Mason After 35 Years
Miller to buy Legg Mason’s stake in his fund company LMM; move ends Miller’s long relationship with Legg Mason.
Should You Hoard Cash Before the Election?
Gary Shilling suggests cash allocations of 30% to 50%; S&P's Sam Stovall says holding cash makes sense. But there are less dramatic ways to speculate.
Trump: ‘Taxes Are One of the Biggest Differences in This Race’
In a Detroit speech, Donald Trump laid out his plans to cut business and personal income taxes and eliminate the federal estate tax.