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Portfolio Structuring and the Value of Forecasting

September 2, 2018 Bilal 0

Portfolio Structuring and the Value of Forecasting https://ift.tt/2NGlY8K This brief offers analysis of factor investing reviews types of factors and risk premiums as well as the value of forecasting, including issues with accuracy and improving efficiency. Abstract On 8 October 2015, CFA Montréal hosted its annual Asset Allocation Forum under the theme “Portfolio Structuring and the Value of Forecasting.” Two asset management approaches were compared: the factor investing approach, and the traditional approach. The most important aspects discussed by top speakers from the event are included in this brief. Foreword On 8 October 2015, CFA Montréal hosted its annual Asset […]

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Overcoming the Notion of a Single Reference Currency: A Currency Basket Approach

September 2, 2018 Bilal 0

Overcoming the Notion of a Single Reference Currency: A Currency Basket Approach https://ift.tt/2C73RaI Giuseppe Ballocchi most recently served as the head of financial engineering and risk analytics at Pictet & Cie in Geneva, Switzerland. He also lectures at the University of Lausanne, where he is a member of the Steering Committee of the Master in Finance. He also serves as a foreign exchange advisor to a microfinance fund. Previously, he was chief investment officer at Olsen Ltd, a fixed-income manager at the Asian Development Bank in Manila and a high-energy physicist at CERN. Mr. Ballocchi served two terms as chair […]

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Stocks, Bonds and Causality

September 2, 2018 Bilal 0

Stocks, Bonds and Causality https://ift.tt/2LPBUE7 Past performance is not a guarantee or a reliable indicator of future results.  All investments contain risk and may lose value.  Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and the current low interest rate environment increases this risk. Current reductions […]

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When Alpha Meets Beta: Managing Unintended Risk in Active Fixed Income

September 2, 2018 Bilal 0

When Alpha Meets Beta: Managing Unintended Risk in Active Fixed Income https://ift.tt/2wwDN3G Past performance is not a guarantee or a reliable indicator of future results.  All investments contain risk and may lose value.  Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and the current low interest […]

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Liquidity in Corporate Credit Markets

September 2, 2018 Bilal 0

Liquidity in Corporate Credit Markets https://ift.tt/2CasBPx This paper contains hypothetical analysis . Results shown may not be attained and should not be construed as the only possibilities that exist. The analysis reflected in this information is based upon data at time of analysis. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Hypothetical and simulated examples have many inherent limitations and are generally prepared with the benefit of hindsight. There are frequently sharp differences between simulated results and […]

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PIMCO Asset Allocation Outlook 2018 | Late-Cycle Investing | PIMCO

September 2, 2018 Bilal 0

PIMCO Asset Allocation Outlook 2018 | Late-Cycle Investing | PIMCO https://ift.tt/2oDOgpT Executive Summary At this stage in the cycle, investors should consider inflation risk, market dispersion, recession risk and other key factors we discuss in our midyear update. We identify five opportunities for the near term as well as provide updated asset allocation views and positioning. Investment opportunities, from an asset allocation view, include shorter-maturity bonds, gold, and large cap equities. There are ample signs of change in the wind for investors. The Federal Reserve is raising short-term interest rates, and U.S. inflation is at target for the first time […]

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Credit Suisse Global Investment Returns Yearbook 2018

September 2, 2018 Bilal 0

Credit Suisse Publications https://ift.tt/2PtOkUe http://publications.credit-suisse.com/index.cfm/publikationen-shop/research-institute/credit-suisse-global-investment-returns-yearbook-2018-en/   For legal reasons, please specify which country you live in When a country is selected, a cookie is installed on your PC. This cookie will remain activated for 30 days. Local law or regulation may restrict the distribution of publications into certain jurisdictions. Publish via Credit Suisse Publikationen September 2, 2018 at 02:05PM https://ift.tt/2PtOkUe

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The Future of GDP

September 2, 2018 Bilal 0

Credit Suisse Publications https://ift.tt/2oydfuB http://publications.credit-suisse.com/index.cfm/publikationen-shop/research-institute/the-future-of-gdp-en/ For legal reasons, please specify which country you live in When a country is selected, a cookie is installed on your PC. This cookie will remain activated for 30 days. Local law or regulation may restrict the distribution of publications into certain jurisdictions. Publish via Credit Suisse Publikationen September 2, 2018 at 02:05PM https://ift.tt/2oydfuB

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Simplicity or style: what makes a sentence a masterpiece? – Jenny Davidson | Aeon Ideas

September 2, 2018 Bilal 0

Simplicity or style: what makes a sentence a masterpiece? – Jenny Davidson | Aeon Ideas https://ift.tt/2bwhCCS A great sentence makes you want to chew it over slowly in your mouth the first time you read it. A great sentence compels you to rehearse it again in your mind’s ear, and then again later on. A sentence must have a certain distinction of style – the words come in an order that couldn’t have been assembled by any other writer. Here’s an elaborate, Latinate favourite, from Samuel Johnson’s preface to his Dictionary of the English Language (1755). We have to train […]

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You are a remarkable musical expert, you just don’t know it – Elizabeth Hellmuth Margulis | Aeon Essays

September 2, 2018 Bilal 0

You are a remarkable musical expert, you just don’t know it – Elizabeth Hellmuth Margulis | Aeon Essays https://ift.tt/2PuvlJd Twenty years ago, a pair of psychologists hooked up a shoe to a computer. They were trying to teach it to tap in time with a national anthem. However, the job was proving much tougher than anticipated. Just moving to beat-dominated music, they found, required a grasp of tonal organisation and musical structure that seemed beyond the reach of an ordinary person without special training. But how could that be? Any partygoer can fake a smile, reach for a cheese cube […]