Bitcoin, blockchain, and cryptocurrencies burst onto the world stage in 2008, when the online posting of a pseudonymous white paper envisioned a new way to transfer value over the internet.1 In the decade-plus since, the cryptoasset market has gone …
"About 40% of all survey respondents incorporate climate change information into the investment process. A separate question to a select group of C-level executives found about 75% feel that climate change is an important issue."
A guide to investment and trading features The Cboe Volatility Index® (VIX® Index) measures the market’s expectation of future volatility conveyed by S&P 500 Index option prices. The VIX is recognized as a premier gauge of expected US equity market
What does it take for someone to put their capital at risk and entrust their funds to someone else to manage? The concept of trust lies at the heart of this question. Trust is a multi-layered concept, and it is
VBA Journaal Begin september vorig jaar bereikte de rente op tienjarige Nederlandse staats obligaties een dieptepunt van -0,6%. Hierdoor kwam de lage rentestand al snel als onderwerp op onze redactie- tafel. Onze zorg was echter dat de rente bij het verschijnen
African Capital Markets Statement of Purpose CFA Institute Research Foundation is a not-for- profit organization established to promote the development and dissemination of relevant research for investment practitioners worldwide. Where are you going? Where are you coming from?… Ub’ ubiziwe
Sinds 2010 publiceert CFA Society VBA Netherlands het rapport risicostandaarden. Met dit rapport willen wij bijdragen aan de zorgvuldige selectie van beleggingscategorieën en constructie van beleggingsportefeuilles en daarmee aan de kwaliteit van de beleggingsdienstverlening in Nederland. De aanbevelingen zijn gericht
Nonfinancial performance measures, such as environmental, social, and governance (ESG) measures, are potentially leading indicators of companies’ financial performance. In the study reported here, I drew on prior academic literature and the concept of ESG materiality to develop new corporate
Endowments have provided critical support to many not-for-profit institutions. Some have been in existence for an astonishingly long time. For example, Stift Klosterneuburg, a monastery near Vienna, was endowed by Markgraf (Count) Leopold III in 1114. The valuable assets given
The new measure of relationship alpha (a) can result in a more profitable wealth management firm with higher client retention and greater success in growing assets. CFA Institute publishes a rich trove of material on wealth management and professional standards.
Portfolio managers and analysts are increasingly incorporating ESG factors in their investment analyses and processes. However, ESG integration remains in its relative infancy, with investors and analysts calling for more guidance on exactly “how” they can “do ESG” and integrate
Mifid Ii: One Year On Since the introduction of MiFID II in January 2018, asset managers and investment banks have weathered a shakeout in the investment industry as investment firms seek to recalibrate their research needs under the new regime.
The European financial services industry underwent its biggest regulatory overhaul in more than a decade with the introduction of the revised Markets in Financial Instruments Directive (MiFID II) on 3 January 2018. The legislative package introduced significant changes to investment
De beleggingsmarkten hebben na de financiële crisis enorme koersstijgingen meegemaakt. Zo steeg de Dow Jones aandelenindex na de crisis met een spectaculaire 200%. De groei van de AEX-index was al even onstuimig en ging in 2018 zelfs meerdere keren door
Why does value investing work? Why do other factor strategies work? For that matter, why does any active strategy—meaning, any strategy other than capitalization-weighted indexing—“work” in the sense of having a reasonable chance of beating the cap-weighted index other than
Public markets and public corporations are intrinsically linked. Not surprisingly, then, changes in the nature of public markets are causing changes in corporations, and vice versa. Public corporations have been experiencing significant changes since their definitive modern form—based on dispersed
This paper analyses the implications of the United Kingdom’s decision to exit the European Union—“Brexit”—for the investment management industry. It serves as a guide for investment professionals. The Brexit process began when the UK government exercised Article 50 of the
Portfolio managers and analysts are increasingly incorporating ESG factors into their investment analyses and processes. However, ESG integration remains in its relative infancy, with investors and analysts calling for more guidance on exactly “how” they can “do ESG” and integrate
Het rapport CFA Society VBA Netherlands Risicostandaarden Beleggingen 2018 bevat de aanbevelingen van CFA Society VBA Netherlands met betrekking tot de te hanteren risicoparameters, standaarddeviaties en correlaties. Deze zijn van belang bij het maken van een kwantitatieve risicoanalyse van beleggingscategorieën
Stock returns are volatile. For July 1963 to December 2016 (henceforth 1963–2016), the equity premium—the difference between the monthly return on the market portfolio of US common stocks (Market) and the one-month US Treasury bill rate—averages a hefty 0.51% per
Client risk tolerance is fundamental to the successful achievement of client objectives, but it is also a concept that hasn’t always been well-defined or well-integrated into the wealth management process. Individuals may have capacity for risk given a healthy level
In this report, we set out the changing landscape for investment management and analyze how firms can adapt their models to succeed in the future environment. The report is informed by a survey of CFA Institute members (see page 19
In this report, we set out the changing landscape for investment management and analyze how firms can adapt their models to succeed in the future environment. The report is informed by a survey of CFA Institute members (see page 19
Investor expectations are changing. We studied these through the lens of trust in producing our third investor trust study. Ten years after the global financial crisis, we are seeing encouraging trends. While the 2018 Edelman Trust Barometer shows that trust
This book provides an overview of alternative investments for an institutional asset allocator or overseer of a portfolio containing both traditional and alternative assets. The reader is assumed to have broad knowledge of investing in general and of traditional asset
In modern financial markets, analyst research is essential to the production and dissemination of information as well as to the price discovery process, and its importance only increases as time goes by. The Chartered Financial Analyst (CFA) designation, awarded by
Socially responsible (SR) mutual funds have grown rapidly worldwide in just over a decade. SR mutual funds have become a major market for the asset management industry, representing more than US$8 trillion in assets under management in the United States
