Is dividend investing dangerous?
Dividend investing has grown in popularity: but is it founded on solid ground or is it bound to fail? We explore high dividend yield and dividend growth.
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Should we celebrate rising rates?
Are rising rates something to fear or something to celebrate? In this post we explore the opportunities hidden in a rising rate environment.
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Momentum: Letting the Cheap Get Cheaper?
Can first-order effects of a momentum strategy help serve as a hedge to the potential sharpe repricing risks that occur in expensive market environments?
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Outperforming by Underperforming
Long-term outperformance and short-term underperformance are two sides of the same coin. The latter is necessary to achieve the former.
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Capital Efficiency in Multi-factor Portfolios
Are integrated multi-factor portfolios more capital efficient than their mixed peers? In this blog post, we prove this statement for some broad assumptions.
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Is That Leverage in My Multi-Factor ETF?
The debate rages on between the best way to build a multi-factor portfolio: mixed or integrated? Are integrated portfolios are more capital efficient?
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Are Stocks Actually Undervalued?
With investors reaching broad consensus that the market is overvalued, we explore the arguments for why the market may actually be undervalued.
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Low Volatility is Not Low Risk
Volatility and risk are often treated as the same thing, but low volatility ETFs have many risks that investors may not be aware of.
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Can Dividend (Swaps) Replace Bonds?
Can dividend swaps be used to replace bonds in a low interest rate world? Is the historical dividend risk premium sustainable going forward?
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Bond Returns: Don’t Be Jealous, Be Worried
This commentary is available as a PDF here. Summary Popular bond
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Multi-Factor: Mix or Integrate?
Which approach to building a multi-factor portfolio is best: mixed or integrated? The time-varying nature of factor premiums may be the key determinant.
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Tactical Trend-Following: Core or Alternative?
This blog post is available as a PDF here. Summary Answering whether
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Are bonds in a bubble?
Here are the slides from our most recent webinar: Are Bonds
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The two sources of outperformance
  This blog post is available for download here. Summary
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Smart Beta in Fixed Income
Market-cap weighting is more nuanced in fixed income than in equities, making smart beta fixed income very desirable in a well-designed portfolio.
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A Closer Look At Growth and Value Indices
In a commentary a few weeks ago entitled Growth Is
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Are 3-year track records meaningful?
This blog post is available as a PDF here.   Summary Many
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Even bad strategies will perform well
This commentary is available as a PDF here. Summary Following even
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What are Growth and Value?
Growth and value have intuitive definitions but can be quantified in many ways. A diversified approach can lead to more consistent performance over time
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