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In The Media
Quote by Matthew Lui, CFA, CAIA
June 2020
MSN Money
Does passive investing have a place in the most active market in recent history? Are index funds safe? Index funds are the epitome of passive investing. Rather than trying to beat the market by selecting individual stocks, these funds own all stocks constituting the index, matching the performance of the underlying ben…
In The Media
Quote by Matthew Lui, CFA, CAIA and Loren Asmus, CFA, CAIA
June 2020
Citywire
To musicians Matt Lui and Loren Asmus, picking a manager is a lot like writing and performing a song. The writer uses logic and structure to write the notes, then the players work together, harmonizing with the band to bring emotion to the music and create something beyond the paper. And to these two investment researc…
Articles
Authored by Matthew Lui, CFA, CAIA
April 2020
Nonprofit Information
The active versus passive investment management discussion has intensified as of late due to active management’s recent inability to outpace their passive benchmarks. Some may have a knee-jerk inclination to fire an underperforming manager, but the data show that investors are better off staying the course.
In The Media
Quote by Matthew Lui, CFA, CAIA
February 2020
Los Angeles Times
If there is perhaps one thing that investors don’t like above all others, it’s uncertainty. And that’s what was served up in heaping bucketfuls this week as it became clear the coronavirus wouldn’t bypass the U.S. — with the stock market turning in its worst performance since last decade’s financial crisis. “I think…



Blog

Oct
2020
By Loren Asmus, CFA, CAIA and Matthew Lui, CFA, CAIA
The 60/40 portfolio of stocks and bonds is a simple idea. Put 60% of your money in stocks, which provide growth. Invest the remaining 40% in bonds, which provide downside protection. For many years, investors have been using this mix, or a variant of it, when building portfolios. It has performed admirably, producin…

Sep
2020
By Matthew Lui, CFA, CAIA
The United States elections will be taking place this November, capping off an event-filled year, to say the least. All 435 seats in the House of Representatives, 35 of the 100 seats in the Senate, and the office of President will be contested. Among several potential changes under a Biden/Democratic regime are modific…

Sep
2020
By Matthew Lui, CFA, CAIA
Not all indexes are weighted equally. Some are more “equal” than others. As we have discussed in Investing in the S&P 500 at All-Time Highs, the popular S&P 500 is a capitalization-weighted index. This means that it includes companies in proportion to their size. In times when the largest companies grow disproportionat…

Jun
2020
By Matthew Lui, CFA, CAIA
In the decade leading up to 2020, index fund investing felt like smooth sailing. Then, everything suddenly changed. In March of 2020, the S&P 500 Index suffered a drawdown of 34% from its recent peak as investors panicked over the coronavirus crisis. What happened next was just as jarring: even as the global economy la…