Content (76)

  • Fintech Survey 2 - Four Years Later

    White papers

    Fintech Survey 2: Four Years Later

    2020-06-30T08:25:00Z

    CFA Institute partnered with the Higher School of Economics in Moscow to conduct a survey following a previous one in 2016 to determine whether the level of penetration of fintech into the financial services industry has advanced and, if so, by how much.

  • Is the Coronavirus rocking the foundations of capital markets?

    White papers

    Is the Coronavirus rocking the foundations of capital markets?

    2020-06-29T08:17:00Z

    An exclusive CFA Institute global survey on the impact of Covid-19 on the financial markets examines the liquidity, volatility, and asset mispricing issues along with thoughts on appropriate regulatory response and the intervention of government and central bank.

  • Robert C. Merton and the Science of Finance - A Collection

    White papers

    Robert C. Merton and the Science of Finance: A Collection

    2020-06-18T08:45:00Z

    Robert C. Merton, 1997 Nobel Prize winner in economics, has been at the forefront of research on many topics in financial economics. In this publication, leading researchers explain Merton’s impact on financial theory and practice.

  • ESG and Responsible Institutional Investing Around the World - A Critical Review

    White papers

    ESG and Responsible Institutional Investing Around the World: A Critical Review

    2020-06-08T09:15:00Z

    This survey examines the vibrant academic literature on environmental, social, and governance (ESG) investing. While there is no consensus on the exact list of ESG issues, responsible investors increasingly assess stocks in their portfolios based on non-financial data on environmental impact (e.g., carbon emissions), social impact (e.g., employee satisfaction), and governance attributes (e.g., board structure).

  • How the Desire for Information, Innovation, and Influence is Shaping Client Relationships

    White papers

    Earning Investors’ Trust: How the Desire for Information, Innovation, and Influence is Shaping Client Relationships

    2020-05-18T09:20:00Z

    On its fourth edition, the investor’s trust survey measured the opinions of retail and institutional investors in 15 markets globally. In this report, CFA Institute analyses the dimensions of trust at the system, industry and firm level and finds that investors seek more information, innovation, and influence in their interactions with the investment management industry.

  • The VIX Index and Volatility-Based Global Indexes and Trading Instruments

    White papers

    The VIX Index and Volatility-Based Global Indexes and Trading Instruments

    2020-04-28T09:12:00Z

    Tools based on volatility indexes are widely used for hedging, diversification, risk management, and alpha generation, but investors should carefully study the pricing, risks, and other key aspects before deciding to use such products.

  • Capital Formation - Investing Pension Contributions in Private Markets Responsibly

    White papers

    Capital Formation: Investing Pension Contributions in Private Markets Responsibly

    2020-03-18T10:02:00Z

    Based on workshops held across Europe, CFA Institute research identifies the capital formation opportunities and challenges for DC pension schemes amidst calls for greater private market access in Europe.

  • Research Foundation Review 2019

    White papers

    Research Foundation Review 2019

    2020-03-17T15:04:00Z

    Research Foundation Review 2019 presents the offerings from CFA Institute Research Foundation during 2019. We start with an overview, summarize the year’s output, and end with other relevant material, such as awards and recognition.

  • Investment Risk Profiling - A Guide for Financial Advisors

    White papers

    Investment Risk Profiling: A Guide for Financial Advisors

    2020-03-10T14:15:00Z

    This report provides a comprehensive framework that financial advisors can use when developing investment risk profiles for clients. The guidelines can also help advisors incorporate commercial risk assessment tools and meet regulatory requirements.

  • ETFs and Systemic Risks

    White papers

    ETFs and Systemic Risks

    2020-01-28T09:00:00Z

    The growth of exchange-traded funds (ETFs) has raised questions about their effect on market stability. This publication examines the impact of ETFs on the financial system and proposes regulatory actions to mitigate risks.

  • Performance Attribution - History and Progress

    White papers

    Performance Attribution: History and Progress

    2019-12-23T10:19:00Z

    The objective of performance attribution is to explain portfolio performance relative to a benchmark, identify the sources of excess return, and relate those sources to active decisions by the portfolio manager. 

  • Behavioral Finance The Second Generation

    White papers

    Behavioral Finance: The Second Generation

    2019-12-20T10:51:00Z

    The book by Meir Statman, PhD rethinks the concept of behavioral finance, shifting from the view that people are irrational to a view that their wants are normal. People’s normal wants, even more than their cognitive and emotional shortcuts and errors, underlie answers to important questions of finance, including saving and spending, portfolio construction, asset pricing, and market efficiency. This publication focuses on new behavioral insights and guidance for avoiding errors.