…does the same thing for taxable, investment grade bonds, the MSCI EAFE tracks non-US stocks and the CRB Commodity Index follows commodity futures. Unlike stocks, bonds or commodities, hedge funds…
When academics evaluate a strategy like value or momentum, they test the data in a variety of ways to make sure that the effect that they are studying is real…
…the reason that investors appear to pay attention to the ratings is that fund companies are happy to promote their rankings, when they look good. Consider this advertisement from Janus….
…that prices were not right, they turned the computers back on and trading resumed. Unfortunately, I think these kinds of things are part of living in a complex, computerized world….
…loan exchanged traded fund (ETF) is currently 4.32 percent. Compared to the overall bond market SEC yield of 2.13 percent, that’s pretty good and compared to a portfolio of floating-rate…
…and ‘B’ shares that foreigners cannot buy (with some exceptions) Both A- and B-shares are listed on either the Shanghai or Shenzhen exchange and trade in different currencies. The A-shares…
…transaction data in the repo market for Treasury Securities. The major improvements come from the new rate being harder to manipulate because it comes from real transaction data instead of…
As expected, the Federal Reserve Open Market Committee (FOMC) left short-term interest rates unchanged yesterday. Their statement yesterday along with other comments from Fed officials imply that the Fed is…
…bonds (around 0.5 for you geeks out there). What’s not to like? Well, for us, we didn’t want the trouble that comes along with being in a partnership. There are…
…such a strong dollar and weak commodity prices. Growth is tepid and is at risk due to overseas developments (China is a risk, while Greece and Puerto Rico are not…
