Unlike traditional bonds, Floating-rate bonds (FRB) do not have a fixed rate coupon. Instead, their rate fluctuates or floats based on the market plus a spread. As a result, FRBs tend to be less vulnerable to interest-rate fluctuations. Many believe FRBs can help preserve principal, while...

Consultants at Cambridge Associates have shown how to build what they believe is a better "core-satellite" portfolio. Get rid of the passive core component (such as an S&P 500 Index fund) completely and load up on the satellites.The team compared hypothetical core-satellite portfolios with...

Professor Korok Ray won the 2014 Brandes Institute Prize, awarded to an academic for compelling research in the fields of value investing and/or behavioral finance. Ray's winning entry will be published in The Journal of Investing. Here, Ray shares his insights in an exclusive discussion with...

In a lively roundtable debate, members of the Brandes Institute Advisory Board (BIAB) and guest speaker Brad Case discussed the pros and cons of private equity and whether the investment class is a viable alternative.While some Board members shared their successes, Case cited challenges in the...

InvestorLit is a subscription service providing reviews of institutional investment literature. The reviews cover a wide range of investment topics and are published on their website. Bruce Grantier, Founder of InvestorLit, is a member of the Brandes Institute Advisory Board. Members of the...