The S&P 500 Goes Supernova
It’s hard to imagine how the S&P 500’s excess returns could be anywhere near as high over the next decade as they have been recently.
Credit Premium: Fact(or) Fiction
Are corporate bonds additive to portfolios that already own stocks and government bonds? Jared Kizer revisits this question with a look at the historical justification for, and some facts and fiction regarding, the investment-grade credit premium.
Re-Examining Emerging Markets Equity
In this post, we’ll look specifically at emerging markets by examining five lessons from long-run and current market data that reinforce some of the reasons investors should remain committed to emerging markets equity investing.
Maintaining a Globally Diversified Portfolio
Jared Kizer looks at five reasons why you should remain committed to a globally diversified approach.
The Curious Behavior of TIPS
Jared Kizer looks to identify why TIPS returns have been highly correlated with the credit risk premium.
Is Company Size Irrelevant?
On paper, there is abundant evidence that various return premia have been larger in small-cap stocks [...]
Contributing to the Literature: A Q&A With Jared Kizer and Sean Grover
Contributing to the literature: Jared Kizer and Sean Grover chat about the publication of their new journal article:
What You Need to Know About Brexit
Britain is leaving the EU. Now what? Jared Kizer on what the Brexit vote means for the markets and your portfolio.
An Updated Look at Public Pension Funding
This recap of a new study by Moody's on public pension funding reveals three important points, as well as the impact of pension funding on the municipal bond market.
What to Make of 10-Year Small-Cap and Value Results
Ken French’s recently updated global factor data shows the global size and value premiums were basically flat for the past 10 years (the value premium was actually about –1 percent per year over this span). This long-term historical result has surprised many people and naturally led some to ask whether these premiums can be expected in the future. Figure 1 graphs the one-, three-, five-, 10-, 15- and 20-year average size and value premiums using the global data set.