Investment Experience
Rather than attempting to predict the future or outguess others, we draw information about expected returns from the market itself— leveraging the collective knowledge of millions of buyers and sellers as they set security prices.
Many want to “beat the market,” how they go about it makes a difference. Investing can allow our clients to pursue higher expected returns, prudently. The market’s pricing power works against mutual fund managers who try to outperform through stock picking or market timing.
% of Active Managers Who Beat Their Benchmark
October: This is one of the peculiarly dangerous months to speculate in stocks.
The others are July, January, September, April, November, May, March, June, December, August, and February.
Improving Your Odds of Success
Research has shown that securities offering higher expected returns share certain characteristics, which we call dimensions. We structure broadly diversified portfolios that emphasize these dimensions, while addressing the tradeoffs that arise when executing portfolios.
Every day, our portfolio managers and traders seek to balance costs against expected returns and diversification. We work for the slightest expected gain, as every incremental improvement can add up over time.
Investment Porfolios
based on time-tested, Nobel-prize winning strategies
Our investment approach identifies simplicity in the complexity of capital markets.