Celebrating Research Excellence
80 Years of Financial Analysts Journal, 60 Years of Research Foundation Learn MoreRecently Published
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
Measuring Mutual Fund Flows
By James J. Li, and Lu Zheng
Stocks for the Long Run? New Evidence, Old Debates
By Paul McCaffrey
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
Mind the Inflation Gap: Hedging with Real Assets
Inflation surprises, not expectations, pose the real threat to portfolios. David Blanchett, PhD, CFA, CFP, and Jeremy Stempien explore how real assets—commodities, real estate, and infrastructure—can help hedge against unexpected inflation, which has historically blindsided both consumers and professionals.
Buyers Beware: 7 Red Flags That Signal a Private Market Reckoning
Institutions are quietly heading for the exits — just as retail investors flood in. In this sweeping historical analysis, Mark J. Higgins, CFA, CFP, identifies seven red flags that point to a late-stage speculative cycle in private markets. With valuation practices under scrutiny and fee structures shifting, the risks for individual investors have never been higher.
Fed Independence Tested, but Investors Shouldn’t Expect a Pivot
Can political pressure move the Fed? History says no. Marty Fridson, CFA, examines why Fed Chair Jerome Powell is unlikely to cave to presidential demands for rate cuts, arguing that expectations of a dramatic policy pivot rest more on hope than precedent. For investors, that means betting on a near-term plunge in rates may be a costly miscalculation.
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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
