One of the key distinctions between traditional mean-variance asset allocation and behavioral theory is how risk is defined. Modern portfolio theory (MPT) defines risk as the variance around the mean return, while behavioral theory suggests that individuals view risk in terms of not meeting an important financial goal.
Read More
As developed countries swiftly move toward renewable energy sources and electric vehicles, the value of carbon energy reserves will decrease. Read this post to learn more about stranded assets.
Read More
In this third of our three-part series on global demographic changes, The Winds of Demographic Change, we examine some key geopolitical and social implications of declining fertility rates, aging populations and increasing life expectancy.
Read More
There is a movement toward a system-wide approach to a corporate governance model, which is also finding impetus from outside the asset management community. There’s more to Modern Portfolio Theory (MPT). To learn what and why, read on…
Read More
Understanding what an ETF owns, how it’s managed and how an ETF fits within an investor’s overall portfolio is more critical than ever.
Read More
