sector dispersion

Sector Momentum & Relative Strength Outperformance

Relative strength-based investing performs best when there is a high level of dispersion between market leaders and laggards. Since the beginning of this year, this has been the case. Semicondutors, software, waste management and computer technology sectors are leading, while oil related stocks are lagging.

Using relative strength-based investing strategies can lead to significant long term market outperfomance compared to ‘buy and hold’ strategies.

Life Insurance as an Investment Vehicle

I write here to set out my thoughts on the use of life insurance as an investment vehicle, in the Russian context. Clients of all the jurisdictions invariably seek to optimise their tax position in which they operate. This includes holding assets that are so-called passive investments. There is a long history of legal systems Read more ➝

Stock Investing: Most Stocks are Duds

Recently Bloomberg commented on a newly released study by Hendrik Bessembinder regarding how many global stocks that actually perform well.  Variations of this study have been done by a number of different academics and practitioners – all with fairly similar conclusions – many stocks are duds.  Two years ago, an Arizona State University professor made waves Read more ➝