Below is a weekly summary of our research findings for 8/3/20 through 8/7/20. These summaries give you a quick snapshot of our content the past week so that you can quickly decide what’s relevant to your investing needs.
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- Federal Reserve Treasuries Holdings and Asset Returns
Evidence from simple tests on available data suggests that decreases in Fed Treasuries holdings are bad for the U.S. stock market at a quarterly horizon, but not for long-term Treasuries. - Are WisdomTree Modern Alpha ETFs Attractive?
Available evidence suggests that some WisdomTree Modern Alpha ETFs may be attractive, but sample periods for these funds are short for reliable inference. The Modern Alpha approach is not always attractive. - Safe Haven Benchmark Index
Combining behaviors of multiple safe haven assets into a diversified index offers investors a means to evaluate effectiveness of individual safe haven assets. - Day Trading a Bust?
Evidence from Brazil does not support belief that retail traders can earn a living via day trading. - Actual vs. Nominal Hedge Fund Performance Fees
Asymmetry of incentive fee terms, investor return-chasing and closures of underperforming funds make the actual aggregate hedge fund incentive fee about 2.5 times the average nominal rate.
