Research and Policy Center 10 Most Popular Articles of 2023

“Future State of the Investment Industry” resonates.

CFA Institute launched its Research and Policy Center (RPC) this yr to be a optimistic influencing pressure within the international funding trade, reworking analysis insights into actions that strengthen markets, advance ethics, and enhance investor outcomes for the final word good thing about society.

The RPC brings collectively CFA Institute experience together with a various, cross-disciplinary group of material specialists working collaboratively to deal with advanced issues. It’s knowledgeable by the attitude of practitioners and the convening energy, impartiality, and credibility of CFA Institute, whose mission is to guide the funding career globally by selling the very best requirements of ethics, training, {and professional} excellence for the final word good thing about society.

Beneath are the most well-liked high 10 articles of 2023 revealed by the RPC since its inception:

1. “Future State of the Investment Industry”

This report frames probably the most important developments that may have an effect on the funding trade within the subsequent 5 to 10 years and is our hottest content material of all of the articles of 2023. It offers a highway map for funding professionals to navigate the adjustments and enhance shopper outcomes.

2. Handbook of Artificial Intelligence and Big Data Applications in Investments

Synthetic intelligence (AI) and massive information have their thumbprints everywhere in the fashionable asset administration agency. Like detectives investigating against the law, the practitioner contributors to this e-book, edited by Larry Cao, CFA, put the newest information science strategies below the microscope. And like all good detective story, a lot of what’s unveiled is on the similar time stunning and hiding in plain sight.

3. “Mercer CFA Institute Global Pension Index 2023”

This report delivers the world’s most complete comparability of 47 retirement earnings programs, representing 64% of the worldwide inhabitants, and suggests methods to enhance the efficacy of every pension system studied.

4. “Applying Economics — Not Gut Feel — to ESG”

Mainstream economics will be utilized to ESG as soon as we notice that it’s no totally different from different investments that create monetary and social worth. This paper by Alex Edmans overturns standard considering on 10 key ESG points by making use of sound financial ideas.

5. Valuation of Cryptoassets: A Guide for Investment Professionals

The valuation of bitcoin, Ethereum, and different cryptoassets is a problem for the funding trade. Urav Soni and Rhodri Preece, CFA, overview the instruments accessible to worth cryptoassets, and in doing so, intention to assist practitioners higher perceive the dynamics of cryptoassets.

6. “Harry Markowitz in Memoriam”

Harry Markowitz remodeled investing together with his mathematical strategy to portfolio choice. Many years later, his analytical framework stays on the core of contemporary behavioral finance. William Goetzmann, government editor of the Monetary Analysts Journal, explains the legacy of Markowitz’s improvements.

7. “CFA Institute Global Survey on Central Bank Digital Currencies”

This report by Stephen Deane, CFA, and Olivier Fines, CFA, gauges demand for central financial institution digital currencies (CBDCs) by inspecting the attitudes of a big phase of potential CBDC end-users. It’s primarily based on a CFA institute international membership survey.

8. “An Exploration of Greenwashing Risks in Investment Fund Disclosures: An Investor Perspective”

Nicole Gehrig and Alex Moreno analyze funding fund disclosures associated to environmental, social, and governance (ESG) data by way of the lens of traders to grasp the character of disclosure points that might give rise to a notion of greenwashing.

9. “Thematic Investing with Big Data: The Case of Private Equity”

Utilizing pure language processing to attain corporations by the information frequency of phrases associated to personal fairness, Ludovic Phalippou creates an index weighted by theme publicity and liquidity, whose returns are extremely correlated with non-traded indexes.

10. “Gen Z and Investing: Social Media, Crypto, FOMO, and Family”

This transient examines Gen Z’s attitudes and behaviors round investing. It’s primarily based on information from a November–December 2022 on-line survey of two,872 Gen Zs aged 18 to 25, Millennials, and Gen Xers from america, Canada, the UK, and China.

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All posts are the opinion of the creator. As such, they shouldn’t be construed as funding recommendation, nor do the opinions expressed essentially mirror the views of CFA Institute or the creator’s employer.

Picture credit score: ©Getty Pictures /Steve Chan

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