This paper examines the time-series predictability of aggregate stock returns in 20 emerging markets. In contrast to the aggregate-level findings in US, earnings yield forecasts the time-series of aggregate stock returns in emerging markets. We consider aggregate earnings not as normalizing...

While recently the after-cost profits of many anomalies are close to zero, investing according to the Mean-Variance (MV) criterion has never been so rewarding. The Global Minimum Variance Portfolio is the simplest option to profitably gain exposure to the market by timing stock covariances....

This paper examines the time-series predictability of aggregate stock returns in twenty emerging markets. In contrast to the aggregate-level findings in the United States, earnings yield forecasts the time series of aggregate stock returns in emerging markets. We consider aggregate earnings not...

In this study, we investigate whether green bond certification benefits the climate risk concerned investors. By comparing the performance of green bonds and their degree of compliance with the Green Bond Principles, we find that certification does not appear to play a role in bond performance:...