It would be a mistake for investors to underestimate the influence of the Fed on Treasury yields. Investors should expect that when the Fed steps out, market forces will take yields to levels more consistent with economic conditions. The chart above illustrates the three distinct peri

Where are the asset class investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns.Buying overvalued assets results in negative valuation returns. Non-US

With the completion of the first half of 2013, where are the investment opportunities? At The Headlands Group, we ask “What are the undervalued markets and asset classes?”  Among equity markets, the most attractive individual markets are in Europe and Japan, while the least attractive

Where are the asset class investment opportunities? The chart illustrates the effect of current valuation on expected return over the next five years. Buying undervalued assets results in positive valuation returns.Buying overvalued assets results in negative valuation returns. Non-US

“Research has shown that using a well-thought out portfolio rebalancing process can enhance portfolio performance. The level of performance enhancement is comparable to allocating an additional 10% to 15% to equities. This performance benefit occurs without incurring the risk associat

“We don’t rebalance because we are first and foremost human beings with a multitude of considerations before we are investors and fiduciaries optimizing for long-term expected returns……Despite all of the intellect and adaptive learning that we bring to bear, sadly, human be­ings with