The stock–bond correlation is a cornerstone of every asset allocation decision, but estimating
it reliably can prove to be challenging given the potential for co-movements to fluctuate …

This article discusses the importance of incorporating market conditions and macroeconomic
factors in factor investing strategies. It explores the potential benefits of factor timing, which …

As fixed income yields hover near historic lows, defined benefit (DB) pension plan sponsors
must grapple with a rise in the present value of their plan liabilities and a fall in prospective …

Relative performance of value with respect to growth has been a subject of industry debate
for many years and is a cornerstone of numerous equity allocation decisions. This article …

Earnings growth measures the change in a company’s reported net income through time. It is
arguably the most widely observed measure of the growth and the profitability of a business…

Faith in the traditional 60% stock/40% bond portfolio has been shaken further in recent
months as a stepup in inflation and interest rates threatens to violate the negative stock/bond …

In A Fair Value Approach to Forecasting Value versus Growth Returns , from the January 2023
issue of The Journal of Portfolio Management, Olga Lepigina, Kevin J. DiCiurcio, and Ian …

As global interest rates hover near historic lows, defined benefit pension plan sponsors must
grapple with the prospect of lower investment returns. This paper examines three levers …

As global interest rates hover near historic lows, defined benefit pension plan sponsors must
grapple with the prospect of lower investment returns. This paper examines three levers …

Financial market developments over the past decade have undermined what was once
thought to be conventional wisdom about saving, investment, and retirement spending. How …