Published Research & Articles

"The Case For Global Stock Portfolios"
by Michael Branch, published in Journal of Indexes, Nov/Dec 2011
(reprinted with permission)

The article analyzes the trade-offs of managing portfolios with distinct mandates for developed and emerging markets versus global stock portfolios, and examines the implications and considerations for adopting a global approach.

“Pursuit of After Tax Returns: Indexed Exchange Traded Funds vs Indexed Separately Managed Accounts”
by Patrick Geddes, CIO, published in IMCA’s Investments & Wealth Monitor, Sept/Oct 2011 (reprinted with permission)

Geddes explores why for many taxable HNW investors the fee- and risk-adjusted improvement in returns of SMAs offers considerable improvement over ETFs.