Rational Expectations In Uncertain Markets

Rational Expectations In Uncertain Markets
Fran Kinniry12/12/08 4 PM ESTIWI

Fran Kinniry, CFA, who runs the Investment Strategy Group at The Vanguard Group, addresses rational expectations for the stock and bond markets. Though Kinniry expects stocks to outperform bonds over the long term, he said investors might direct more capital to fixed income investments based on trailing returns. Financial advisors must manage expectations of investors who fall victim to recency. Helping clients overcome such behavior is increasingly where advisors add value for clients.

 

This webinar is approved for IMCA CE credit.


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