Vanguard's OCIO clients should be wary of the higher-fee active funds and #alternativeinvestments that are now open to them, urges Mark Higgins, CFA, CFP®. Trustees are often presented with “new opportunities” which are framed in a way that overstates the benefits, understates the risks, discounts the skills required to succeed, and all but ignores incrementally higher costs, he cautions. #EnterprisingInvestor
CFA Institute
Financial Services
Charlottesville, VA 716,798 followers
Finance needs a new perspective.
About us
CFA Institute is a global community of more than 190,000 investment professionals working to build an investment industry where investors’ interests come first, financial markets function at their best, and economies grow. We are driven by the belief that lasting economic growth depends on trust, competence, and transparency in financial markets, and we know that it must be led by professionals adhering to the highest levels of ethics and investment expertise. We achieve these goals by: raising standards of professional excellence in the industry; championing ethical behavior in investment markets; serving as a respected source of knowledge in investment markets; and creating a strong global community of investment professionals.
- Website
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http://www.cfainstitute.org/
External link for CFA Institute
- Industry
- Financial Services
- Company size
- 501-1,000 employees
- Headquarters
- Charlottesville, VA
- Type
- Nonprofit
- Founded
- 1947
- Specialties
- Ethics and Education and Professional Excellence in the Investment Industry
Locations
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Primary
915 East High Street
Charlottesville, VA 22902, US
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292 Madison Ave
New York, US
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23/F, Man Yee Building
68 Des Vouex Road
Central, Hong Kong, SAR, HK
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67 Lombard Street
7th Floor
London, EC3V 9LJ, GB
Employees at CFA Institute
Updates
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Have you faced challenges while preparing for #CFAProgram exam, and does on-the-job experience benefit your studies? Watch our presentation featuring industry professionals who share their experiences and offer valuable advice to help boost your career. Below are some of the points this session will cover: 💡 The benefits of taking and completing CFA Program. 💡Time management between other commitments and preparing for the exam. 💡Would starting the CFA Program during university help? 💡Useful tips on where to start your preparation and succeed after enrolling to the exam. Tune in now and learn more: https://cfainst.is/4eD4t6k Ayesha Nasir, CFA Bogeum Choi Lee Chia Yih, CFA, FRM, CAIA, MBA, BCCP Muhammad Ghithrif Gustomo Putra, S.E, CSA®, CTA®. Wenxin Guo #ARXCFAInstitute
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In #EnterprisingInvestor, Yoshimasa Satoh, CFA, emphasizes the relevance of the principle 'garbage in, garbage out' regardless of the sophistication of the firm’s AI tools. He proposes best practices for data governance and management useful in leveraging data for improved business decisions. #DataGovernance #AI
Are Your Data Governance and Management Practices Keeping Pace with the AI Boom?
blogs.cfainstitute.org
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You mastered the challenge! Congratulations on continuing your journey to the top by passing the @CFAProgram Level II exam. Celebrate the good news with your network by sharing this post and don’t forget to tag us or use #CFAExamPassed – we want to know how you’re feeling! To all the candidates, we recognize all your hard work and dedication, regardless of the outcome you have every reason to be proud of yourself. For those who didn’t pass, your score report will provide valuable insights to guide your future success. If you don’t have your results yet, check your email or click here for direct access: https://cfainst.is/3VIAkJY #CFAProgram
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How the Chinese government could take the lead with public debt restructuring. CSPI Ratings (CSCI Pengyuan) anticipates a strategic framework to control and resolve local government debt. Summary as below: 📝 CSPI projects that the future evolution of China's public sector debt will be guided by a strategic framework characterised by the active increase of debt by the central government (CG). 📝CG's utilisation of ultra-long special bonds as a key mechanism for increasing leverage is projected to raise CG's debt ratio by approximately 5 percentage points in the long run. 📝The overall fiscal equilibrium of LGs will be upheld while deficit and debt pressures persist. 📝Resolving the short-term fiscal challenges and debt pressures of LGs necessitates a combination of augmenting revenue streams, reducing expenditures, and bolstering central transfer payments. However, the longterm solution lies in fundamental fiscal and tax system reforms. 📝The prolonged strategic manoeuvring between the central and local governments serves as the fundamental basis for debt resolution. 📝The implementation of the "Package of Debt Resolution Schemes" has bolstered the government's accountability in managing general debt, receiving widespread recognition in the market as a confidence boost for LGFVs. 📝The future landscape suggests that commercialised state-owned enterprises may emerge as the primary drivers of local leveraging efforts. Read the full report: https://cfainst.is/3zlXbnl #ARXCFAInstitute *This report is provided by CSPI Ratings, visit here for more: https://cfainst.is/4cBkLuF
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Proxy data and estimates are likely to play an important role in plugging disclosure gaps in financial institutions' Scope 3 emissions, Mobi Shemfe, PhD, and Jaakko Kooroshy predict. What is but a proverbial footnote in the emissions profiles of most companies is a critical component of financial institutions’ overall emissions disclosures, they note. #EnterprisingInvestor
Conundrum Cubed: Scope 3 for Financials
blogs.cfainstitute.org
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Find out what investment professionals are really talking about at Asia-Pacific’s leading research hub this week. #ARXCFAInstitute 1️⃣ Return Convexity in Trend Following https://cfainst.is/4env2w9 2️⃣ APAC Open Day – Evolution of the CFA Program https://cfainst.is/3RvzNKj 3️⃣ Should Emerging Market Debt Investors Worry About Higher-For-Longer? https://cfainst.is/45upxaV More on CFA Institute Asia Pacific Research Exchange: https://cfainst.is/3UOdFf0
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Argentina’s debt restructuring tests the theoretical limits of chaos theory. Gregory Makoff's feat is to build his narrative as a thriller without losing the detailed facts valued by specialists, writes Samy Muaddi, CFA, in his review for #EnterprisingInvestor. Only by understanding the lessons of history can investors navigate the current generation of sovereign debt distress, he notes.
Book Review: Default
blogs.cfainstitute.org
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Pride month might be coming to an end, but our commitment to pioneer positive changes around diversity, equity and inclusion is year-round. At CFA Institute we strive to create an environment where every member of our community feels respected and accepted exactly as they are in every aspect of their lives. To mark the end of Pride we asked our employees what this month means to them, read on to hear some of their inspiring comments 🌈 🏳️🌈
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What are the implications of higher interest rates for sovereign emerging-market debt? MFS Investment Management explores the long-term fundamentals of the asset class. In brief: 💭 US Federal Reserve rate hikes appear to have ended, and the market now expects rate cuts in 2024. However, with inflation pressures persisting and robust US economic growth and labor market and productivity, the probability that US rates will settle well above post-Global Financial Crisis (GFC) and pre-Covid levels has increased. 💭 EMD presents an attractive opportunity for the long-term fixed income investor with a high tolerance for risk, given strong fundamentals, yield opportunity and duration exposure, but an active approach with careful considerations to country and issuer selection will be critical in an environment in which rates remain above the lows of the past decade. Full report available here: https://cfainst.is/45upxaV #ARXCFAInstitute *This report is provided by MFS Investment Management, visit here for more: https://cfainst.is/3UOdFf0