Articles (100)

Article Library

  • Murray Coleman

    Invesco: A Deeper Look At the Performance

    by Murray Coleman — Monday, December 23, 2019

    To many investors, Atlanta-based Invesco Ltd. is an investment management conglomerate with a history of acquisitions and multi-asset platforms that spans the globe. With more than $1.18 trillion in assets under management, it's involved in everything from mutual ...Read More

  • Mark Hebner

    Dimensional Fund Advisors: A Deeper Look At The Performance

    by Mark Hebner and Murray Coleman — Wednesday, December 4, 2019

    As many of our readers know, we don’t think too highly of the active mutual fund industry. Not because we have a personal vendetta against them, but because their pursuit of attempting to outperform the market using other investors’ money has only enriched themselves ...Read More

  • jackson

    The Right Thing, Not the Easy Thing

    by Dimensional Fund Advisors — Wednesday, November 25, 2020

    New entrants into the field of systematic investing must look for ways to differentiate themselves. Impressive backtested performance is one way to stand out. But are these backtests robust? Are they likely to withstand the challenges of real-world implementation? Historical ...Read More

  • murray@ifa.com

    2020 Q3 Market Review

    by Murray Coleman — Tuesday, November 3, 2020

    IFA's stock and bond indexes kept gaining ground in the year's third quarter. Here's a breakdown of what took ...Read More

  • Wei Dai, PhD Senior Researcher and Vice President & Philipp Meyer-Brauns, PhD Senior Researcher and Vice President

    What a Company's Emissions Tell Us about Its Expected Returns

    by Wei Dai & Philipp Meyer-Brauns — Wednesday, October 28, 2020

    Climate scientists have identified greenhouse gas (GHG) emissions as the largest contributor to global climate change.1 As a result, many investors are looking to reduce their emissions exposure through their portfolios and wondering if doing so would affect their expected ...Read More

  • Murray Coleman

    Too Few Investors Taking 'Big Picture' View: Study

    by Murray Coleman — Friday, October 16, 2020

    How big of a difference can an objective set of professional eyes add to an investor's overall financial success outside of managing a portfolio? A new study takes a look at just that question. Instead of considering hypotheticals, however, this report goes directly to the ...Read More

  • Dimensional Fund Advisors

    An Exceptional Value Premium

    by Dimensional Fund Advisors — Friday, October 9, 2020

    It’s probably not news to most value investors that the value premium has struggled over the past decade. What might be news is just how extreme an outlier recent value stock underperformance represents. The periodic returns for value versus growth in Exhibit 1 convey a ...Read More

  • Dimensional Fund Advisors

    Large and In Charge? Giant Firms atop Market Is Nothing New.

    by Dimensional Fund Advisors — Thursday, October 1, 2020

    A top-heavy stock market with the largest 10 stocks accounting for over 20% of market capitalization and a marquee technology firm perched at No. 1? This sounds like a description of the current US stock market, dominated by Apple and the other FAANG stocks,1 but it is actually ...Read More

  • Weston Wellington

    Is the Stock Market Divorced From Reality?

    by Weston Wellington — Thursday, September 24, 2020

    I have been sheltering in place on a former dairy farm in rural New Hampshire—surrounded by more Scotch Highland cattle than people—and relying on my iPhone and Microsoft Surface Pro to keep in touch with the office via email and Zoom video. I haven’t sat in a ...Read More

  • Mark Hebner and IFA Contributors

    Misuse of the Law of Large Numbers: The Gambler's Fallacy

    by Mark Hebner and Murray Coleman — Tuesday, September 15, 2020

    If you have ever spent any time in a casino, it is likely that you have seen supposedly random events that appeared to be non-random. Perhaps the roulette wheel came up red seven times in a row, for example. If your reaction was to place a large bet on ...Read More

  • murray@ifa.com

    2020 Q2 Market Review [VIDEO]

    by Murray Coleman — Wednesday, July 29, 2020

    Stocks staged a dramatic second quarter reversal, highlighting the need for investors to remain ...Read More

  • Robin Powell

    Francis Galton and the Iron Rule of Markets

    by Robin Powell — Friday, May 15, 2020

    “Reversion to the mean,” Jack Bogle once said, “is the iron rule of financial markets.” And if you understand nothing else about how investing works, grasping this one simple concept will give you a better chance of succeeding at it than supposedly more ...Read More

  • murray@ifa.com

    Q1 2020 Market Review [VIDEO]

    by Murray Coleman — Tuesday, May 5, 2020

     In the first quarter of 2020, investors were reminded of the importance of understanding how markets really ...Read More

  • Jim Parker

    Sailing with the Tides

    by Jim Parker — Thursday, April 30, 2020

    Embarking on a financial plan is like sailing around the world. The voyage won’t always go to plan, and there’ll be rough seas. But the odds of reaching your destination increase greatly if you are prepared, flexible, patient, and well-advised. A mistake many ...Read More