The graph below measures the performance of the Shanghai Composite Index against a basket of Chinese ADRs selected by Bespoke Investment from Jan. 2, 2009 through Dec. 31, 2009. The basket of 57 stocks, which includes all listed ADRs with a market...
Like hard-pressed retailers, investment managers have lately taken to lowering prices. Mutual funds and ETFs have cut expense ratios. Even exclusive hedge funds have reduced the fees they charge clients. Some of the fee cuts may be temporary...
In a story titled, Managing Managed Futures, in our September issue, there were errors in Tables 1 and 4, on pages 67 and 68. In Table 1, all of the returns listed under S&P should have been negative. In the left-hand column, six return entries...
There has been a lot of buzz in the air about managed futures of late. It stands to reason, considering it was one of the few asset classes that performed well in 2008. Ok, very well: The average managed-futures program, as measured by the Barclay...
There is a growing chorus of analysts and money managers who say that China is bubble that is bound to pop. Morgan Stanley analyst Andy Xie wrote in a research report released Monday that a Chinese asset bubble will most definitely burst in the...
The central tenet of Modern Portfolio Theory is that diversification should maximize your portfolio's return at any given level of risk tolerance. Or, as David Swensen, the chief investment officer of Yale's endowment, puts it: Forget about...
