The profitability (or quality) factor boasts a number of traits that makes it particularly interesting for passive investors: Profitability beat the market by 4% per year between 1963 and 2011. It’s strong in large cap equities – a rare treat for a return premium. It’s particularly powerful when partnered with investments in the value and […]

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This article on the high cost of fund of funds fees is from former hedge fund manager turned author Lars Kroijer, an occasional contributor to Monevator. His book, Investing Demystified, makes the strong case for index funds. Back in early 2006, I was at the wedding of a good friend in the bride’s hometown near […]

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