As a part of its 9th annual US ETF Study, Greenwich Associates interviewed 181 institutional investors on the utility of ETFs for portfolio construction purposes, finding that ETFs are now…
Our recent paper “What, Exactly, Is a Factor?” examined various ways of constructing a portfolio used to calculate factor returns. We demonstrated that the absence or presence of a number of common…
As private strategies play a more prominent role in investors’ portfolios, many asset allocators are interested in what illiquidity discount they should command as compensation for tying up capital.…
