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Research

Delivering thought leadership, strategies, and best practices that guide the investment industry Browse All Research Content

CFA Institute Research and Policy Center is a force for change in the global investment industry, transforming research insights into actions that strengthen markets, advance ethics, and improve investor outcomes for the ultimate benefit of society.

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Celebrating Research Excellence

Throughout 2025, CFA Institute Research and Policy Center will celebrate our tradition of research excellence by marking the 80th anniversary of the Financial Analysts Journal® and the 60th anniversary of CFA Institute Research Foundation. Both have earned strong reputations as trusted, credible sources of knowledge for the asset management industry and financial community. These milestones remind us why research matters. It drives better decisions, sparks innovation, and ultimately benefits society. Investment professionals rely on trusted insights to serve clients with integrity and expertise.

Resilience of the Capital Markets

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Research Report

Mercer CFA Institute Global Pension Index 2025

Continuation funds
Research Report

Continuation Funds: Ethics in Private Markets, Part I

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Research Report

The Future of the 60/40 Allocation

The Performance of the 60/40 Portfolio:
Research Report

The Performance of the 60/40 Portfolio: A Historical Perspective

Technology, Big Data and AI

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Research Reports

Synthetic Data in Investment Management

AI Washing
Research Report

AI Washing: Signs, Symptoms, and Suggested Solutions for Investment Stakeholders

digital economy
Research Report

An Investment Perspective on Tokenization

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Research Series

The Automation Ahead Content Series

Future of the Profession

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Research Foundation

Beyond Active and Passive Investing: The Customization of Finance

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Research Report

Future State of the Investment Industry

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Financial Analysts Journal

Innovation and the Human Dimension of Investment Management

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Research Report

Smart Beta, Direct Indexing, and Index-Based Investment Strategies

Sustainable Investing

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Research Report

Integrating ESG Information into Long-Term Investment Strategy

What Is Non-Real Impact in Carbon Metrics?
Research Report

Global Compliance Carbon Markets: Structure Explained

Achieving Net Zero
Research

Investment Innovations Toward Achieving Net Zero

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Research Report

Net-Zero Investing: Solutions for Benchmarks, Incentives, and Time Horizons

Financial Analysts Journal

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Financial Analysts Journal

Regime-Based Strategic Asset Allocation

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Financial Analysts Journal

The Only Other Spending Rule Article You Will Ever Need

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Financial Analysts Journal

Third Quarter 2025, Vol. 81 No. 3

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Financial Analysts Journal

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Research Foundation Publications

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Research Foundation

The Geoeconomic Decade

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Research Foundation

Alternative Credit: The Rise of Consumer Lending

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Research Foundation

Causality and Factor Investing: A Primer

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Research Foundation

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