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Nassim Nicholas Taleb, author of the Black Swan, describes Vitaliy Katsenelson's writing as "deep, insightful, inquisitive, and civilized." Our interview with Katsenelson looks at his analysis of valuations and P/E ratios in today's markets, specifically focusing on which sectors are most under- and overvalued.
A new study looks at how mutual funds attract assets by becoming the trustee of 401(k) plans. Funds are overweighting the plan sponsor's stock, resulting in potentially significant losses to fund investors and plan participants. This study exposes a conflict of interest that has not been previously examined.
We look at changes in asset allocation in the Advisor Perspectives universe over the prior 11 weeks. We note significant changes indicative of a "flight to quality" among RIAs managing the assets of HNW and UHNW investors.
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