Behavioural Finance has a semantics problem

Episode 17/09/2017  

Clients are rightly sceptical when we talk about applying behavioural finance to analysing market behaviour. Behavioural finance seems very “woolly” at the best of times and most of the well-known… Read more »

Going with the flow?

Episode 26/07/2017  

A lot of time collectively is spent monitoring and analysing data on investment fund flows. Is this time well spent? The assumptions typically made are that fund flows data indicate… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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Low volatility left you at loose end? Then try out the Episode summer reading list

Episode 07/07/2017  

The apparent lack of volatility in markets may have left some investors twiddling their thumbs- the passive acquisition of risk premia can sometimes be a dull world after all. To help you… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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P-Hacking versus Skin in the Game: How can understanding incentive structures help us think about market efficiency?

Episode 17/05/2017  

While markets may have seemed uneventful of late, there has been a flurry of academic activity that gets to the very heart of whether it is possible to beat the… Read more »

French election result

Episode 08/05/2017  

The election of Emmanuel Macron as President of France marks an important shift in the narrative around European politics: not all popular discontent in Europe can be channelled as anti-EU… Read more »

Are asset markets “pausing for breath”? (with a note on the relevance of “hard data” versus “soft data”)

Episode 18/04/2017  

Are asset markets “pausing for breath”? Since the relatively dramatic moves in many markets in the second half of last year, a lot of commentary suggests that things feel less… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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Nickel and Diming about a quarter per cent: Why is the Fed talking in terms of number of rate increases and not levels, and should we care?

Episode 31/03/2017  

Wednesday’s triggering of Article 50 was a non-event in financial markets; an event more symbolic than anything else. Meanwhile in the US, two Fed officials were discussing their views on… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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Backward looking forecasts

Episode 29/03/2017  

We have long written about the dangers of economic forecasting as an input into the investment process. The future is often highly surprising and nobody has a perfect model of… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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Are European investors complacent about political risks?

Episode 15/02/2017  

In the depths of market pessimism in the middle of last year Aaron wrote about how investors seemed to have given up any hope of interest rates ever increasing. That… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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