Will the Chinese renminbi emerge as an international reserve currency? This issue's cover story examines the currency's evolution over the past decade and implications for investors.
Other highlights of the November/December issue of CFA Magazine include:
- An article on adaptive asset allocation and why asset weights should change over time to reflect shifting market values.
- Why investors should evaluate their portfolios for potential exposure to unhedged "China risk."
- A look at the connection between project management and the financial performance of public companies and why analysts often overlook this important factor.
- An interview with Kenneth Rogoff, co-author of This Time Is Different, on what history can tell us about the aftermath of the global financial crisis, the link between debt burdens and growth, and the possible return of financial repression.
Plus articles on how the life-settlement market may provide opportunities for institutional investors, a global look at say-on-pay rules and how they vary from market to market, whether problems with U.S. student debt could cause a financial shock, why analysts should consider greenhouse gas emissions as a valuation factor, and how proposed accounting reforms for public pension plans may help municipal bond investors.