Our Approach

Our focus is on asset allocation, i.e., the distribution of investment capital across broad market segments and fundamental risk factors. Our clients’ portfolios are managed dynamically, based on the principles of diversification and value-based investing. Once a client’s target asset allocation is determined, mostly passive investment vehicles are used to fulfill those targets.

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Market Outlook & Strategy Letters

2011

  • Q4: Low-Volatility Equity Income Strategies
  • Q3: The US Equity Size and Value Premiums in Historical Perspective
  • Q2: Lessons in Portfolio Construction
  • Q1: Interconnected Risks: Commodities, Currencies, & Emerging Markets

If you wish to obtain copies of earlier letters, please contact us at info@kpfglobal.com

2010

  • Q4: The Bond Market Sell-Off Materializes | Understanding Portfolio Performance
  • Q3: The Case for Emerging Market Debt
  • Q2: Navigating Financial Market Volatility | Focus on Financial, Health Care and Tax Reforms
  • Q1: Anticipating a Stock Market Correction | Understanding and Managing Bond Market Risk

If you wish to obtain copies of earlier letters, please contact us at info@kpfglobal.com

2009

  • Q4: Strategies for hedging inflation risk
  • Q3: Why we are fully invested | Why we think the US $ will weaken
  • Q2: Headwinds to long-term growth | Focus on international real estate
  • Q1: Why we favor the emerging markets | Introducing the Vanguard GNMA

If you wish to obtain copies of earlier letters, please contact us at info@kpfglobal.com

2008

  • Q4: Opportunities in Corporate & Municipal Bonds | Introducing TIPS and DFA
  • Q3: Investing in a crisis: long-term perspectives

If you wish to obtain copies of earlier letters, please contact us at info@kpfglobal.com