According to the Chinese zodiac, 2017 is the year of the rooster. But Dr. Wai Mun Fong, Associate Professor at National University of Singapore (NUS), member of the Brandes Institute's Asia-Pacific Advisory Board and winner of the 2015 Brandes Institute Prize, urges investors to be more like...

During the last two decades of the twentieth century, the investing world saw declining dividend and bond yields, with prices generally moving higher for both equities and bonds. In the early years of this century, investors seemed to belittle the importance of income as a component of returns,...

Today's reality is that increasingly, plan sponsors are trying to find practical ways to evolve the DC structure away from its original purpose as a supplementary savings plan to be more effective as a retirement plan for both sponsor and participant.This article is designed as an ongoing...

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 early April 2016, the Brandes Institute hosted a Value Thought Leadership Summit in New York. The program featured a panel discussion on value investing that included:-Michael van Biema (Founder and Managing Principal, van Biema Value Partners)-Charles Brandes (Founder and Chairman, Brandes...

In this updated "Value vs. Glamour" study, the Brandes Institute set out to further explore the historical performance of stocks based on their fundamental characteristics. Consistent with the work of noted academics, our results showed that over the long term, unpopular value stocks...

Modern Portfolio Theory, standard asset pricing models and the concept of rational decision makers in efficient markets have major limitations as systems for modeling investor behavior and prices of financial assets. Financial market participants are not a uniform group of rational investors....

In the research report, "The Next Big Thing Could Be Really Small: An Introduction to Global Micro-Cap Stocks," the Brandes Institute and Metis Global Partners explored the unique characteristics of global micro-cap (GMC) stocks and why they represent a compelling asset class for institutional...