Equity risk premium appears intact
The equity risk premium will reflect long-term averages, based in part on a Financial Analysts Journal article that shows buybacks are now top drivers of equity returns, replacing dividends.
Equity risk premium appears intact
The equity risk premium will reflect long-term averages, based in part on a Financial Analysts Journal article that shows buybacks are now top drivers of equity returns, replacing dividends.
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Liquidity as an investment style
This paper by Yale School of Management Professors, Roger Ibbotson and Zhiwu Chen, shows that liquidity, as measured by stock turnover or trading volume, is an economically significant and distinct investment style, and introduces and examines the performance of several portfolio strategies.
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