<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"><channel><title><![CDATA[CFA Institute Equity Investments]]></title><link>http://www.cfainstitute.org/RSS%20Feeds/cfa_equityinvestments.rss</link><description><![CDATA[CFA Institute Equity Investments 
]]></description><copyright><![CDATA[<div>Copyright CFA Institute 2010</div>
]]></copyright><item><title><![CDATA[Emerging Markets in an Upside-Down World]]></title><link>http://www.cfainstitute.org/learning/products/publications/cp/Pages/cp.v31.n4.24.aspx</link><pubDate>Thu, 13 Nov 2014 10:00:10</pubDate><description><![CDATA[Investment in emerging markets is all about prejudice. Investors are particularly confused about the concepts of risk and uncertainty with regard to emerging markets. But what is happening in the United States cannot be fully understood without an ...]]></description></item><item><title><![CDATA[Fluctuations in Uncertainty]]></title><link>http://www.cfainstitute.org/learning/products/publications/dig/Pages/dig.v44.n11.5.aspx</link><pubDate>Fri, 14 Nov 2014 05:55:08</pubDate><description><![CDATA[The author discusses the history, effects, and current trends of economic uncertainty. Of
          particular importance are uncertainty?s effects during recessions. The author
          highlights the changes in behavior that uncertainty induces and ...]]></description></item><item><title><![CDATA[Expected Returns and Dividend Growth Rates Implied by
          Derivative Markets]]></title><link>http://www.cfainstitute.org/learning/products/publications/dig/Pages/dig.v44.n11.7.aspx</link><pubDate>Fri, 14 Nov 2014 06:00:06</pubDate><description><![CDATA[Estimating dividend growth implied by derivatives markets, the author uses a corrected
          dividend-to-price ratio to predict S&amp;P 500 Index returns. Both in-sample and
          out-of-sample returns are substantially better than those ...]]></description></item><item><title><![CDATA[Proxy Battle: Emerging Markets Are Not a Substitute for
          Commodities]]></title><link>http://www.cfainstitute.org/learning/products/publications/dig/Pages/dig.v44.n11.9.aspx</link><pubDate>Thu, 20 Nov 2014 10:20:56</pubDate><description><![CDATA[The ?proxy argument? suggests that emerging market equities provide benefits
          because of commodity exposure. The author rejects this argument; he finds no evidence that
          commodity prices significantly affect the equity returns of ...]]></description></item><item><title><![CDATA[Financial Flexibility, Risk Management, and Payout
          Choice]]></title><link>http://www.cfainstitute.org/learning/products/publications/dig/Pages/dig.v44.n11.10.aspx</link><pubDate>Thu, 20 Nov 2014 10:25:11</pubDate><description><![CDATA[Risk management and payout decisions affect a firm?s financial flexibility. For
          both bank holding companies and nonfinancial firms, a flexible distribution policy and a
          preference for repurchases over dividends are negatively ...]]></description></item><item><title><![CDATA[The Impact of Technology-Motivated M&A and Joint Ventures
          on the Value of IT and Non-IT Firms: A New Examination]]></title><link>http://www.cfainstitute.org/learning/products/publications/dig/Pages/dig.v44.n11.11.aspx</link><pubDate>Thu, 20 Nov 2014 10:25:53</pubDate><description><![CDATA[Examining investors? responses to announcements of mergers and acquisitions
          (M&amp;As) and joint ventures?responses both at the time of the announcement and
          over the longer term?the authors find that M&amp;As outperform joint ...]]></description></item><item><title><![CDATA[Double Bubbles in Assets Markets with Multiple
          Generations]]></title><link>http://www.cfainstitute.org/learning/products/publications/dig/Pages/dig.v44.n11.12.aspx</link><pubDate>Thu, 20 Nov 2014 10:30:08</pubDate><description><![CDATA[By conducting a multi-generation experiment, the authors extend existing asset bubble
          research and examine whether bubbles re-form and deflate as participants enter and exit the
          market. They find a clear pattern of bubble formation ...]]></description></item><item><title><![CDATA[The Russian Budget:
          Economic Pain, Caused by Ukraine]]></title><link>http://www.cfainstitute.org/learning/products/publications/dig/Pages/dig.v44.n11.13.aspx</link><pubDate>Thu, 20 Nov 2014 10:30:53</pubDate><description><![CDATA[An exercise in denial, Russia?s budget underscores the malaise of its economy.]]></description></item><item><title><![CDATA[The Lunacy of Modern Finance Theory and Regulation (a review)]]></title><link>http://www.cfainstitute.org/learning/products/publications/br/Pages/br.v9.n1.30.aspx</link><pubDate>Mon, 24 Nov 2014 14:15:19</pubDate><description><![CDATA[The author identifies some interesting conundrums related to financial theory and lodges a number of valid criticisms of financial industry practices. He also criticizes existing laws and rules because they did not prevent the global financial crisis of ...]]></description></item><item><title><![CDATA[The Year-End Trading Activities of Institutional Investors:
          Evidence from Daily Trades]]></title><link>http://www.cfainstitute.org/learning/products/publications/dig/Pages/dig.v44.n12.2.aspx</link><pubDate>Thu, 04 Dec 2014 09:00:58</pubDate><description><![CDATA[Using a sample of daily institutional trading data, the authors directly test theories of
          portfolio pumping and window dressing by institutions. They find evidence consistent with
          portfolio pumping but discover that abnormally low ...]]></description></item><item><title><![CDATA[Do Security Analysts Speak in Two
          Tongues?]]></title><link>http://www.cfainstitute.org/learning/products/publications/dig/Pages/dig.v44.n12.3.aspx</link><pubDate>Thu, 04 Dec 2014 09:05:45</pubDate><description><![CDATA[Previous research suggests that analyst recommendations are positively biased. These
          recommendations can either be strategically biased or nonstrategically biased.
          Nonstrategic distortions occur when positive recommendations and ...]]></description></item><item><title><![CDATA[Do Dark Pools Harm Price
          Discovery?]]></title><link>http://www.cfainstitute.org/learning/products/publications/dig/Pages/dig.v44.n12.4.aspx</link><pubDate>Thu, 04 Dec 2014 09:05:52</pubDate><description><![CDATA[Dark pools?that is, equity trading systems that do not publicly show
          orders?have raised concerns with such groups as the European Commission and the US
          SEC because they may diminish price discovery. But the author finds that ...]]></description></item><item><title><![CDATA[CFA Institute Conference: Equity Research and Valuation 2015]]></title><link>http://www.cfainstitute.org/learning/products/events/Pages/11172015_115285.aspx</link><pubDate>Wed, 03 Dec 2014 11:11:20</pubDate><description><![CDATA[No matter what your portfolio's focus is, today's uncertain investment environment demands solid independent analysis, proven valuation tools, and rigorous risk management processes. At the 18th Annual Equity Research and Valuation Conference, join ...]]></description></item></channel></rss>