Equity… Patient Engagement in the Pharmaceutical Industry and Investor Perception 13 Oct 202330 Oct 2023 Patient engagement has become an increasingly important factor in the pharmaceutical industry, influencing various aspects of drug development, marketing, post-market surveillance, risk management, investor perception, cost savings, and regulatory and…
Asset Allocation… Healthcare Investments in Asia 9 Oct 202326 Apr 2024 The key macro drivers for healthcare investments in various countries in Asia include demographics, economic growth, healthcare infrastructure, government policies and regulations, technological advancements, disease prevalence, insurance penetration, cultural factors,…
Equity… Valuation of Insurance Brokerages 27 Feb 2023 Insurance brokers act as intermediaries between insurance companies and insurance buyers. Although insurance brokers perform many of the same functions as insurance agents, they differ in that they act in…
Asset Allocation… What You Need to Know About Inflation 22 Jul 202226 Jul 2022 High inflation and the consequences of attempts to curb it are a top concern for investors nowadays. By hiking rates, policymakers can eventually slow demand to subdue price pressures, even…
Commodities… Uncertainty Clouds the Outlook 24 Mar 202228 Mar 2022 An anti-goldilocks economy refers to the global economy where policymakers are confronted with a stagflationary supply shock, which is negative for growth and will tend to push up inflation further.…
Equity… Value Discount 21 Feb 202224 Mar 2022 Value stocks outperformed through mid-February this year as investors repriced expensive growth stocks. Mounting inflation and rising interest rates are creating conditions for broader value recovery, particularly for companies with…
Due Diligence… A Stable-Growth Environment: Value is Likely to Perform Better 23 Mar 2016 For many value-oriented investors, the last five years have been a challenging period given an elevated macroeconomic risk and bouts of volatility, backdrop of the low growth and structural change…
Alternative Investments… Equity Strategies – Updated November 2015 25 Nov 201526 Nov 2015 As global economy converges to more stable rather than rapid growth, debt level and growth dynamics keep interest rates relatively low, and inflation remains muted in developed world, investors are…
Equity… Summary: Cyclical Growth and Geopolitical Risks 23 Sep 2014 In the Eurozone, expansionary fiscal policy in the form of aggregate demand support and financial sector balance sheet repair has been absent in the post-crisis period (with a few exceptions)…
Equity… Choosing From Beta Strategies: Bettering Your Investments with a Smarter Exposure 17 May 201419 May 2014 Institutional investors have employed alternative weighting and factor-driven strategies for decades. In recent years, a growing variety of alternative beta strategies have come to market, as investment managers are pursuing…
Behavioral Finance… The Halloween Effect Revisit 4 Nov 201323 Jan 2024 Historically, stocks tend to outperform in November, stall in December and January, and then resume higher in February and March. Stock markets have seasonal effects and calendar anomalies, which challenge…
Equity… Earnings Manipulation Detection and The M-Model 30 Jul 201331 Jul 2013 Management quality is one of the most important elements in choosing an investment; management is incentivized to hit the target and increase long-term earnings, in reality, this does not necessarily…
Alternative Investments… Alternative/Renewable Energy and Alternative/Renewable Energy Fund 可替代再生能源 15 Jul 201312 Oct 2013 Alternative and renewable energy assets currently only represent a small portion of the markets, but it is growing quickly. Solar Power Solar energy is the most environmentally friendly energy source,…
Equity… U.S. Mid Cap Equity Fund Investment Philosophy and Approach (Core, Value, Growth) 27 Feb 20131 Jul 2013 In the U.S., mid-capitalization companies are typically defined as those having a market capitalization range of $2 billion to $10 billion. During the period of January 1979 through December 2012,…
Equity Global Health Care Sector Investment Universe 保健行业投资思考及股票选择 13 Feb 201313 Feb 2013 The Health Care sector has many diverse industries; it can be broadly split into two groups: Pharmaceuticals, Biotechnology & Life Sciences. The group includes firms in the discovery, development, manufacturing,…
Equity Small Cap Growth Investing 小型成长股 30 Jan 20131 Jul 2013 Investment Philosophy Small Cap Growth investors believe that there are huge information gaps (between stock price and its intrinsic value) in the small rapidly growing companies’ universe and these gaps…
Equity The Halloween Indicator 万圣节指示器 6 Nov 201227 Jun 2013 Stock markets have seasonal effects, e.g., Monday-effect, weekend effect, turn-of-the-month effect, holiday effect, January effect, etc. The Halloween indicator conveys an equity return anomaly in which the period from November…
Equity Equity Funds: Larger Cap or Smaller Cap? 股票基金:大市值还是小市值? 17 Aug 20121 Jul 2013 Equity fund investors make stock purchases based on the belief that past returns are indicators of future performance, but whether size matters has been underestimated, especially for mutual fund investors,…
Financial Modeling… Valuation Multiples, BtM, Tobin’s q, and EM 10 Jul 201220 Jul 2023 Empirical studies indicate that value stocks have beaten the market over the long run, which are characterized by low multiples: price-to-earnings (P/E), price-to-book (P/B), enterprise value (EV), earnings before interest,…