Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at return chasing behavior on the part of professionals.
Quote of the Day
"Beta flunked its exam."
(John Rekenthaler)
ETFs
- On the regulatory differences between an active ETF and index ETF. (alphaarchitect.com)
- Beware model portfolios from ETF providers. (evidenceinvestor.com)
Individuals
- This research shows the typical glide path used by target-date funds is too conservative starting at the age of 50. (wsj.com)
- Investors are unable to distinguish alpha from beta. (alphaarchitect.com)
- Children leaving the house is not a financial boon you would think. (crr.bc.edu)
Research
- Why 52-week highs for a stock matter. (klementoninvesting.substack.com)
- In praise of the quality factor. (blogs.cfainstitute.org)
- How have zero-commissions affected overall trading costs? (evidenceinvestor.com)
- You can't invest in alternatives without taking into consideration liquidity needs. (alphaarchitect.com)
- Better-managed firms make better forecasts. (papers.ssrn.com)
- Do analysts discriminate against companies with black CEOs? (papers.ssrn.com)