Monday is all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at expanding the efficient frontier with value and momentum.
Quote of the Day
"Simple edges do not last long, especially as soon as they are extensively traded.
(Michael Harris)
Research links
- The effect of Fed Fund rate hikes on consumer borrowing costs. (libertystreeteconomics.newyorkfed.org)
- The theoretical effect of tax rates on equity valuations. (philosophicaleconomics.com)
- The benefits and risks of target-date mutual funds. (blogs.cfainstitute.org)
- Why have long/short hedge funds performed so poorly? (awealthofcommonsense.com)
- How have factor returns been affected by ZIRP? (investorfieldguide.com)
- The distribution of returns and the case for index investing. (etf.com)