Exchange-traded funds are one of finance's biggest success stories, attracting trillions of dollars with their low costs, tax advantages and simplicity. Professor Richard Evans says their rise offers business leaders lessons in product design, trust and competitive focus.
Expert
Richard B. Evans
Senior Associate Dean for Research Services and Support Professor of Business Administration, C. Stewart Sheppard Professor of Business Administration
Insights
Private assets are becoming more accessible, but so are the risks. Darden Professor Rich Evans says investors need to understand liquidity risk and access private markets through professionally managed portfolios that balance liquid and illiquid investments.
Darden Professor Rich Evans recently published study of mutual fund managers’ performance which demonstrates that significantly different outcomes occur when employees get paid to compete against each other — versus when they are compensated for cooperating.
Exchange traded funds (ETFs) have grown in popularity as a tool for targeting specific groups of investments. How do they affect the market? Darden Professor Rich Evans and Maureen O’Hara of Cornell’s S.C. Johnson College of Business discuss industry ETFs and their influence on market efficiency.
The importance of a culture that respects different perspectives: What does political ideology have to do with mutual funds? Profit. Darden Professor Rich Evans’ research shows that funds managed by teams with diverse political views perform better than those with similar political beliefs. Here, he elaborates on the study and an important caveat.
University of Virginia economics professor Edwin Burton and Darden finance professor Richard Evans share their expectations for 2017, what they are encouraged by and what they are worried about.
As Chinese and global markets continue to wobble, Darden Professor Rich Evans and Dennis Yang made clear that there did not appear to be easy answers as to how to avoid the turmoil.
Darden Professors Rich Evans and Dennis Yang discuss the decline of the Shanghai Composite Index and Dow Jones Industrial Average.
Darden Professor Rich Evans' research on mutual fund incubator bias demonstrates the dangers of choosing an investment based on past success.
