RAG for Finance: Automating Document Analysis with LLMs
How to Build LLM Systems for Up-to-Date and Confidential Financial Docs Learn MoreRecently Published
A Fundamental Deep-Dive into Interest Rates
Featuring James Grant
Response to FASB Invitation to Comment – Agenda Consultation
By Sandra J. Peters, CFA, and Matthew P. Winters, CFA
Macroeconomic Drivers of Stocks and Bonds
By Friedrich Baumann , Abdolreza Nazemi , and Frank J. Fabozzi, CFA
De-Risking Global Pension Systems
By David Knox, PhD
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 Equity Returns Without the Lockups
Most liquid PE strategies trade performance for accessibility. This futures-based alternative bucks the trend—delivering higher returns, lower drawdowns, and daily liquidity through dynamic asset allocation, volatility smoothing, and tail-risk overlays. As investors rethink illiquidity and seek more flexible portfolio tools, it offers an adaptive solution, write Eric Benhamou, PhD, Jean-Jacques Ohana, CFA, Béatrice Guez, Thomas Jacquot, CFA, and Ethan Setrouk.
Clarity by Design: The New Infrastructure for Investment Firms
In an era of nonstop information flow and rising market complexity, the edge isn’t in consuming more data—it’s in filtering better. Mee-Hyoe Alana Koo makes the case for clarity as a firm-wide discipline, offering practical steps investment professionals can take to counter decision fatigue, cognitive bias, and information overload
Outperformed by AI: Time to Replace Your Analyst?
When advanced AI models beat seasoned analysts at their own game, the future of investment research comes into question. This piece explores how prompt engineering, model selection, and human-AI collaboration are redefining what it means to generate alpha. Michael Schopf, CFA, demonstrates why mastering these tools is fast becoming a professional imperative. AI won’t replace analysts—but those who fail to integrate it may find themselves replaced by those who do.
More
Celebrating Research Excellence
Optimal Design of Life-Cycle Funds in Emerging Market Countries
An Investment Perspective on Tokenization — Part I & II
Financial Analysts Journal, Second Quarter 2025, Vol. 81 No. 2
Geoeconomics and Financial Markets
Intrinsic Value: A Solution to the Declining Performance of Value Strategies
Watch the Debate: New Insights on Stocks for the Long Run
