Monday is all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at how currency hedging hurts international diversification.
Smart beta
- On the prospects for a collapse in factor returns. (researchaffiliates.com)
- ETF companies too often take a "spaghetti against the wall" approach to fund launches. (blog.alphaarchitect.com)
Research links
- Dual momentum works with individual stocks as well. (papers.ssrn.com)
- It seems that recession risk is priced in the cross-section. (papers.ssrn.com)
- Overconfident investors help explain predictable returns and overtrading. (papers.ssrn.com)
- Why past performance is such a bad measure for hiring and firing managers. (etf.com)
- On the relationship between bubbles and volume. (papers.ssrn.com)
- Are asset managers vulnerable to fire sales? (libertystreeteconomics.newyorkfed.org)
- Why rising interest rates are not great for bank savers. (blog.alphaarchitect.com)