Tag Archives: Style Map

Isolating the Monkey Effect. Part 3 of MPI’s Series on Smart Beta ETFs

Continuing our exploration into the smart beta segment (Part 1, Part 2), in this third post we introduce a simple “IQ Test” that can help investors and managers measure the “smartness” of the increasing number of non-cap-weight rules-based products on the market. There are numerous arguments in circulation saying that smart beta in general isn’t […]

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Asia Pacific ex Japan–USD & EUR Denominated Share Classes

Asia Pacific ex Japan equity funds’ performance ranges from -0.59% to 40.34% over the last 52 weeks (ending February 25, 2010), in USD terms. The best 5% of the funds outperform the market (pegged to the MSCI AC Asia Pacific ex Japan) by approximately 11.9% and the worst 5% underperform by approximately 14.4%. What role […]

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European Equity Class Analysis

European Equity funds’ performance varies significantly across the category, with the best 5% of the funds in the universe outperforming the market (pegged to MSCI Europe) by approximately 15% over the trailing 12 months, and the worst 5% underperforming by approximately the same amount over the same time period. When one focuses on each success […]

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Bill Miller vs. Manu Daftary – 2005 Duel Results

This Returns-Based Style Analysis perspective compares two market outperformers, Legg Mason Value Trust and Quaker Strategic Growth Fund, to gain further insight into each fund’s performance over 2005. Click here to download the PDF

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Style Primer

In the late 1980’s Nobel Laureate William F. Sharpe introduced an analytical process for determining the composition of an investment portfolio solely based on knowing the performance history of the portfolio. The result of the analysis was expressed in terms of an “effective mix” – a combination of market indices whose return most closely approximated […]

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