The field of behavioural finance points out various investor biases and heuristics which inhibit optimal investment choices and are sometimes deemed irrational. Although emotions are often viewed as anathema to sound financial decisions, there is a big emotional component that has to be taken...

This study investigates the existence of chaos on the Johannesburg Stock Exchange (JSE) and studies three indices namely the FTSE/JSE All Share, FTSE/JSE Top 40 and FTSE/JSE Small Cap. Building upon the Fractal Market Hypothesis to provide evidence on the behavior of returns time series of the...

This study seeks to investigate herd behaviour among equity mutual fund managers and the performance of mutual funds that trade against the herd in South Africa. The behaviour of mutual funds has an effect on the stability and volatility of stock markets, the ultimate returns to the investors....

Peters (1994) proposed the fractal market hypothesis (FMH) as an alternative to the efficient market hypothesis (EMH), following his criticism of the EMH. In this study, we analyse whether the fractal nature of a financial market determines its riskiness and degree of persistence as measured by...

Discussions on the impact of climate change within the financial services sector have mainly focused on institutional investors. Talks of climate change is all but ignored in financial planning. Financial planning, however, has a profound impact on society and can play a major role in climate...

For an investor with a low-risk capacity, a huge drop in the markets leads to an even lower riskcapacity. An investor with a high-risk capacity, on the other hand, faces a different situation. Adecline in market values leads to a higher risk capacity. If the decline is severe enough, the...

While the advice to remain invested during times of extreme market stress is all too popular, some clients find it hard to adhere to this advice. Preventing clients from abandoning a well-designed investment plan in times of market stress is one of the most important duties of a financial...

Climate change will have a significant impact on financial planning, climate conscious financial planning on the other hand, can contribute to mitigating some of the impact of climate risk on clients' portfolios, and also contribute to the fight against climate change

The aim of this article is to provide reader with a comprehensive insight on the theories, empirical findings and models of Product Portfolio Management (PPM) during new product development. This article will allow for an in-depth theoretical approach on PPM and demonstrate to managers the...