Most popular and trending papers from March 2017
March's top papers on Savvy Investor cover a wide array of topics, including sustainable investing, real assets, emerging markets outlook, wealth management, active management, Brexit and the asset management industry, and more.
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Some Like It Hot: Fiscal Policy, Inflation and the Role of Real Assets (QMA, March 2017)
Of all the variables the Trump administration brings for investors, inflation is one of the trickiest to plan for. QMA examine historic returns during normal and above-average periods of inflation and argue for allocation to real assets.
Emerging Markets Outlook for 2017: Risks Remain, But There Are Reasons for Optimism (William Blair, Mar 2017)
The past 12 months have been fairly turbulent in emerging markets, but a number of factors support emerging market performance. This paper by William Blair explores these further.
Investment Quarterly Magazine: Reimagining Active (SSGA, 2017)
This paper by SSGA explores ideas to add value across multiple dimensions of the investment lifecycle and how deeper strategic partnerships are helping to address today’s complex investment challenges.
Finding Security in Bond Markets (RLAM, Feb 2017)
This paper by RLAM explains how secured bonds reduce credit risk, why it is possible to buy the right kind of security affordably, and how fixed income investors can take advantage of an institutional reliance upon credit agencies.
When paying a high multiple makes sense (Robeco, 2017)
Although markets may occasionally base valuations on inaccurate expectations, these expectations are seldom biased. Therefore, high valuation multiples are a reflection of strong fundamentals in the vast majority of cases.
Geopolitics and Investing: The Normality of the Unexpected (Pioneer Investments, March 2017)
Global geopolitical changes will be the major risk to investment in 2017. This 14-page paper by Pioneer Investments explores the relationship between geopolitics, markets and investment strategy.
The Value of Premium Wealth Management (CFA Institute, 2017)
This paper by CFA Institute presents the findings of a recent survey into the needs of HNW investors and wealth managers, presenting the results both from an investor and an adviser perspective.
Designing the Future of Target-Date Funds: A new blueprint for improving retirement outcomes (AB, 2017)
The authors of this paper have researched and developed an improved glide path design—incorporating a broader set of asset classes with a multi-manager architecture that can potentially reduce risk and build more retirement income.
The Trump Rally - 100 Days In (T. Rowe Price, March 2017)
The authors of this paper state that while the magnitude of the "Trump Rally" is garnering much attention, the composition and shape of the rally is in many respects the most interesting dimension to analyze.
Sustainable Investing Forum: Pension Fund Insights (videos) FTSE Russell
Hear leading asset owners from around the world discuss their views on ESG investing and its future. FTSE Russell’s forum on the past-present-future of sustainable investment examines the evolution of investor ESG approaches.
Active Share and the Three Pillars of Active Management: Skill, Conviction, and Opportunity (CFA Institute, 2016)
This article by Martijn Cremers, Professor of Finance at the University of Notre Dame (Indiana), relates Active Share to the fund manager's individual stock-picking skill, conviction, and opportunity.
Seeking Income: Cash Flow Distribution Analysis of S&P500® Buy-Write Strategies (S&P Dow Jones Indices)
This study investigates popular buy-write benchmarks, as well as other alternative strategies with varied strike selection, option maturity, and underlying equity instruments. It makes a number of important observations.