Building a Better Commodities Portfolio
April 22, 2022
Interest in commodities is rising again, thanks to their tendency to be particularly strong diversifiers during periods of rising or volatile inflation. We review what a “best-in-class” commodity portfolio looks like by exploring three potential enhancements to a passive approach to the asset class.
When Fortune Doesn’t Favor the Bold: Perils of Volatility for Wealth Growth and Preservation
May 12, 2022
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Value investing – buying securities that appear cheap relative to fundamentals – has a long history in financial markets. Explore our library of research on this famed topic.
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Rapid economic growth accompanied by large increases in prices for many goods and services has led to unusually high level of uncertainty around inflation. This may prompt investors to question how different inflationary outcomes can impact their portfolio and what they can do to reduce their portfolio's sensitivity. To address investors' questions, we have rounded up some of our best thinking on the topic.
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Diversification. Craftsmanship. What goes into building an effective portfolio? We’ve rounded up our best thinking on the topic.
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Diversification is a crucial factor in long-term investment success, but many investors are overly reliant on stocks and bonds, which may not deliver in the future as strongly as in the recent past. How should investors diversify, and into what? Read our collection of research papers on the benefits of diversification and what strategies can help portfolios weather unfavorable market environments.
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Value
We Are Not Just Value! Except, You Know, When We Are...
July 12, 2022
Our systematic stock selection process is far from just “value.” And yet from 2018-2020 for the bad and 2021-2022 for the good, our world has indeed been all about value. What gives? This post reviews our correlation to value, delving into a few periods when it became the dominant part of our process. We find that when value dominates, it has usually been in bubble periods of irrational losses for value (and in their more pleasant aftermaths).
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