The Impact of AI on SaaS: A Risk Framework for Investors
by Jim Masturzo, Research Affiliates Key Points Rapid development of AI technology poses a direct threat to the…
When Will AI Be Both Powerful and Profitable?
by Chris Brightman, Research Affiliates Key Points Today’s historic level of AI capex generates headlines but may conflate…
The Conviction Gap: What Most Advisor Portfolios Are Missing at the Core
Most advisor portfolios mistake active weight for manager conviction. Franklin Templeton's five-factor core equity suite fixes that, starting with a proprietary conviction signal that extracts what managers actually believe.
Why Value, Quality, and Momentum Belong Together
by Noah Beck and Que Nguyen, Research Affiliates Key Points The Research Affiliates systematic active equity investment process…
Should Trend Follow Carry: Lessons from Bonds, Gold, and 2022
by Jim Masturzo, Colin Suvak, Research Affiliates Key Points Carry is an important return driver for multi-asset futures…
2025’s Implications for the Future: “Some Like it Hot"?
by Jim Masturzo, Research Affiliates Key Points The shift away from the low-rate, low-inflation environment of the past…
Financialization: How Deficits Inflate Profits and Equity Valuations
by Chris Brightman & Alex Pickard, Research Affiliates Key Points U.S. fiscal deficits fund rising entitlement spending that…
Why Hold Expensive Slow-Growing Stocks? An Alternative Framework for Value and Growth Indices
by Chris Brightman, Campbell Harvey, Que Nguyen, Omid Shakernia, Research Affiliates Key Points Because traditional style indices are…
Stop the Losses!
by Jay Jeon & Jim Masturzo, Research Affiliates Key Points Even thoughtfully managed strategies may underperform or suffer…
Rob Arnott: Reinventing Cap-Weighted Indexing
by Rob Arnott and Lillian Wu, Research Affiliates Key Points By design, the structure of traditional cap-weighted index…
False Choices, Real Costs: Structural Flaws in the Growth–Value Duality
by Omid Shakernia & Que Nguyen, Research Affiliates Key Points This article is a companion to the longer…
Expand Your Mind and Your Commodity Universe
by Ben Chen, Jim Masturzo, Research Affiliates Key Points Expanding the commodity universe beyond the traditional index constituents…
Passive Aggressive: The Increasing Risks of Passive Dominance
by Chris Brightman, Campbell Harvey, Forrest Henslee, Research Affiliates Key Points Passive capitalization-weighted index funds now surpass active…
Walking the Tightrope: Trend Following’s Tricky Tradeoffs
by Jim Masturzo, Partner, Chief Investment Officer, Multi-Asset Strategies, Research Affilates Key Points Trend-following strategies can offer attractive,…
Gold $5,000?
by Campbell Harvey, PhD Partner, Senior Advisor, Director of Research, Research Affiliates Key Points Gold’s recent price surge…
Adventures of The OG Quant
by Rob Arnott, Research Affiliates The title was chosen by me, not Dean. He’s too humble to call…