The stock market’s version of the Ellsberg paradox states that investors exhibit ambiguity aversion, in the sense that they prefer risks with known probability measures over risks with unknown ones. Since the probability measure governing future stock market prices is clearly unknown, we can conclude that market volatility is a reflection of investors’ aversion to both risk and ambiguity ...

If the last three months of market volatility seem eerily familiar, it is because they are.

The attraction to dividend yield’s defensive qualities in times of bear markets is well documented, but does this still hold for an emerging market like China? And if so, how can we harvest it? We set out to answer these questions using our latest China fundamental factor model.

For the first time in a decade, risk-free assets are competing on par with risky assets and perhaps more favorably if looking at current levels of volatility.

It's that time of year - strategists polish their crystal ball in an effort to extract from scraps of evidence a self-evident truth about things yet to come to life.