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Module 2: Evaluating ETFs | A Comprehensive Guide to ETFs (2nd Edition)

By Joanne M. Hill, PhD, Elisabeth Kashner, CFA, and Dave Nadig

The Active Side of Indexing

By Robert D. Arnott and Lillian Wu

Infrastructure Debt: Alternative Credit to Finance the Future

By Simon Beckman, Philip Clements, CFA, Matthieu Le Bret, and Alfonso Ricciardelli, CFA

Browse More Research Foundation Content

Video

Infrastructure Debt

Philip Clements, CFA, Alfonso Ricciardelli, CFA, Matthieu LeBret and Simon Beckman join Will Goodhart (CFA Institute Research Foundation Board of Trustees), to discuss their recent brief on infrastructure debt and its growing role in institutional portfolios.

Video

Designing Pension Systems for Emerging Markets

With Seda Peksevim, PhD, Founder & Managing Director of Pensión Research & Consulting and Lecturer at Sabancı University

Financial Thought Exchange Podcast

The Financial Thought Exchange Podcast offers listeners invaluable insights from top financial thought leaders across various sectors.

The Efficient Markets Hypothesis and the Professional Status of the Investment Management.

With Stephen Brown, PhD, 2025 Vertin Award Winner - watch the recording.

Research Foundation Board of Trustees

CFA Institute Research Foundation Trustees are diverse finance experts, chosen annually for their varied backgrounds and global perspectives.

Vertin Award

This award was established in 1996 to honor James R. Vertin, CFA, for his outstanding leadership in promoting excellence and relevancy in research and education.

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More from the Research Foundation

Private Credit Panel: Is There an Oversupply of Capital?

A lively debate on the state of the private credit market, recorded live from the CFA Institute Annual Conference! Financial historian Mark Higgins and alternative investment strategist Alfonso Ricciardelli face off on a critical question of whether the massive influx of capital into private credit is a dangerous bubble or a new, permanent structural shift.

Hosted by Lotta Moberg, this panel explores the risks of "herd behavior," the importance of setting realistic investor expectations, and the vast alpha opportunities in underserved markets. Mark shares historical context, while Alfonso provides a structural counterpoint. This discussion is essential for anyone seeking to understand the future of alternative investments and the crucial role of manager selection.