Information asymmetry is the main cause of uncertainty in security exchanges all over the world. There are “informed investors” and “uninformed investors” with the latter having imperfect information. Due to this uncertainty, ...

Diversification and active portfolio management have been suggested as means to enable investors obtain an optimal portfolio return with reduced risk exposure. Factor diversification has been proposed as a means to help ...

The purpose of this study is to investigate the assertion that university and college endowments should maintain one hundred percent equity holdings in their portfolios. An equity portfolio is compared to a traditional ...

Unprecedented changes in demographic structure can have significant impact on real economic activity and more so the capital market. For example; the baby boom era in the U.S, after World War II, was accompanied by a general ...