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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

Geopolitical Change: Investors Should Focus on the Long Term
Research

Geoeconomics and Financial Markets

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Research Foundation

A Comprehensive Guide to ETFs (2nd Edition)

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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

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

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Research Reports

Creating Value from Big Data in the Investment Management Process: A Workflow Analysis

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

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

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Research Report

Creating Value from Big Data in the Investment Management Process: A Workflow Analysis

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Research Report

Green Finance Policy Evolution in China and the Impact of Pilot Zones

Financial Analysts Journal

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Financial Analysts Journal

A Fractional Solution to a Stock Market Mystery

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Financial Analysts Journal

A Latent Factor Cash Flow Model for Alternative Investment Funds

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Financial Analysts Journal

Excess Return Profiles for Stocks Purchased by Active Equity Managers

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Financial Analysts Journal

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Research Foundation Publications

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Research Foundation

A Comprehensive Guide to ETFs (2nd Edition)

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Research Foundation

Optimal Design of Life-Cycle Funds in Emerging Market Countries

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Research Foundation

Financial Entrepreneurship

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Research Foundation

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