Celebrating Research Excellence
80 Years of Financial Analysts Journal, 60 Years of Research Foundation Learn MoreRecently Published
Third Quarter 2025, Vol. 81 No. 3
This PDF contains the complete Third Quarter 2025 issue of the Financial Analysts Journal
Synthetic Data in Investment Management
By James Tait
Elroy Dimson on a Hundred Years (or More) of International Investing
Featuring Elroy Dimson and Larry Siegel
Navigating US Equities, Tariffs, and Global Markets in 2025
Featuring Christopher Shipley, Senior Vice President and Co-Chief Investment Officer at Fort Washington Investment Advisors
Thematic Content
Capital Markets
Capital Formation in Africa: A Case for Private Markets
This report examines barriers to capital formation in 11 sub-Saharan African jurisdictions, emphasizing private markets, policy reforms, fintech, and public–private partnerships to boost investment, infrastructure financing, and economic resilience.
Technology
The Automation Ahead - A New Content Series
This series breaks down the reality of GenAI’s current state, guiding you through the innovations, possibilities, and risks of this new wave of automation.
Industry Future
A Comprehensive Guide to ETFs (2nd Edition): Module 1: ETF Features and Evolving Landscape
This first of three modules of an updated CFA Institute Research Foundation guide explores the properties, benefits, mechanics, and history of exchange traded funds (ETFs). It describes the factors behind ETF’s exponential growth and evaluates the U.S. ETF landscape.
Sustainability
Investment Innovations Toward Achieving Net Zero
CFA Institute Research and Policy Center has convened net-zero thought leaders and investment luminaries to break down the big ideas around achieving net zero. They provide practical guidance for investors, asset managers, investment professionals, and regulators.
Blogs
Private Markets, Public Promise: Africa’s Investment Inflection Point
For global investors, the signal is clear: Africa’s moment is here. The only question is, will you be part of building it?
Bear Market Playbook: Decoding Recession Risk, Valuation Impact, and Style Leadership
Explore historical bear markets to decode recession risk, valuation impact, and which investment styles perform best in downturns and recoveries.
How the Trajectory of Asset Prices Can Predict FX Movements
Can the shape of market moves predict FX stress? This post explores a new path-based approach to forecast volatility and manage currency risk.
More
RAG for Finance: Automating Document Analysis with LLMs
Optimal Design of Life-Cycle Funds in Emerging Market Countries
An Investment Perspective on Tokenization — Part I & II
Geoeconomics and Financial Markets
Celebrating Research Excellence
Intrinsic Value: A Solution to the Declining Performance of Value Strategies
Watch the Debate: New Insights on Stocks for the Long Run
