Recently Published
Conversations with Frank Fabozzi, CFA, Featuring Kenneth Blay
RAG for Finance: Automating Document Analysis with LLMs
By Brian Pisaneschi, CFA
Investor Emotions and Asset Prices
By Shehub Bin Hasan, Alok Kumar, and Richard J Taffler
Tom Coleman on Inflation, Inequality, and Risk
Thomas Coleman, Economics Professor at the University of Chicago
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
From Ivory Tower to Investment Toolbox: Why Research Matters
As the Financial Analysts Journal turns 80 and CFA Institute Research Foundation marks 60 years, we’re reflecting on how cutting-edge academic research becomes real-world investment strategy. The Hillsdale Investment Management–CFA Society Toronto Research Award honors this tradition, spotlighting original research that drives innovation in Canadian capital markets. Submission deadline is June 27.
European Union Revisits Securitization Rules to Bolster Capital Markets
As the EU revisits securitization rules to mobilize private capital, sweeping reforms could reshape the region’s financial landscape. Alex Lehmann explores why securitization is back on the policy agenda—and what the changes could mean for banks, investors, and Europe’s capital markets integration.
Bayesian Edge Investing: A Framework for Smarter Portfolio Allocation
In a market defined by noise and evolving narratives, success goes to those who adapt. In his latest post, Sandeep Srinivas, CFA, introduces Bayesian Edge Investing (BEI) — a dynamic framework that helps investors update beliefs, calibrate conviction, and allocate capital with confidence. Explore a Bayesian approach to investing that updates beliefs with data, manages risk, and identifies market mispricing.
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
