Explainable AI in Finance
From Complexity to Clarity: How Explainable AI Empowers Stakeholders in Finance Learn MoreRecently Published
Demystifying AI for Smarter Investing
With Brian Pisaneschi, CFA
Short-Term Moving Average Distance and the Cross-Section of Stock Returns
By Kuan-Cheng Ko, Anzhi Wang, and Nien-Tzu Yang
The Need for Abundant Energy and Rational Tradeoffs between Economy & Environment
With Mark Mills
Global Compliance Carbon Markets: Structure Explained
By Yushuo Yang, CFA
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
Book Review: Can’t Deny It
What does it take to stand apart in a consensus-driven industry? Doug Terreson’s memoir offers a rare inside view of the calls and convictions that defined a top-ranked Wall Street analyst’s career. From contrarian oil price forecasts to navigating seismic shifts in research, Terreson’s story is a masterclass in trusting rigorous analysis over popular opinion, writes book reviewer Mark K. Bhasin, CFA
It’s Not Just What You Own, It’s How Much: Machine Learning and the Portfolio Construction Imperative
Building smarter portfolios means more than picking the right stocks. Michael Schopf, CFA, makes the case for turning portfolio construction from an afterthought into a source of competitive advantage. Drawing on real-world case studies, he shows how AI and machine learning can transform allocation decisions, sharpen risk management, and turn good ideas into durable performance.
Investment Philosophy Statement: A Way out of the Underperformance Cycle?
Better investing begins with a clear, consistent philosophy. Mark Armbruster, CFA, examines why so many institutional portfolios underperform and how a well-defined investment philosophy statement can help committees avoid costly mistakes, stay disciplined through market cycles, and build portfolios designed for long-term success.
More
RAG for Finance: Automating Document Analysis with LLMs
AI Washing: Signs, Symptoms, and Suggested Solutions for Investment Stakeholders
An Investment Perspective on Tokenization — Part I & II
Celebrating Research Excellence
Geoeconomics and Financial Markets
Conversations with Frank Fabozzi, CFA, Featuring Kenneth Blay
Measuring Mutual Fund Flows
