Insights

What’s driving share prices? To state the obvious, share prices are driven by liquidity flows. Put simply, when there are more buyers than sellers, share prices rise - and when there are more sellers than buyers, they fall. Over the long term, liquidity flows reflect company fundamentals. Good companies attract more net inflows than bad companies. The problem is the long term can be very long. We subscribe to the view outlined by Cliff Asness in his paper The Less-Efficient M

Detail broker data We now have data feeds for the complete set of StarMine factor data and, far more importantly, detailed broker...

One of the mispricing opportunities we target is the spread between A-shares and H-shares. Chart 1 illustrates the Hang Seng Stock...

Our year in review includes an analysis of environmental risk factors, changes in market structure (and how we adapted to these changes),...