These managers pick stocks once a year. Here’s what keeps them busy
Once a year the managers of the Hennessy Cornerstone Mid Cap 30 Fund rebalance their portfolio. They use a formula to select 30 stocks, equal-weighting each at 3.3 per cent of the fund. Then they let ...
Return On Equity, Earnings Yield And Market Efficiency: Back To Basics
The return on equity and its more expansive variant is what a company makes on the capital it has invested in business, and is a measure of business quality. Click to read.