In this webinarDerek Hortsmeyer, Professor of Finance, George Mason University, teaches what his team found when you shift one’s portfolio away from stocks and toward bonds, based on the CAPE ratio—the cyclically adjusted price/earnings ratio made famous by Yale University finance professor Robert Shiller. Derek will also share their findings from analyzing the post-tax returns of ETFs, compared to mutual funds. The difference is significant.
04.20.2023 - Markey Efficiency
Research on Market Efficiency + Tax-Efficiency of ETFs vs. Mutual Funds
Presented by Professor Derek Horstmeyer, George Mason University School of Business