Flight-to-Quality, Economic Fundamentals, and Stock Returns

CFA Digest
December 2017 | Vol. 47 | No. 12
Source: CFA Institute
Aditya Kaul Nuri Volkan Kayacetin
Vassilis Efthymiou, CFA (Reviewer)

Read

Summary

A flight-to-quality pressure, as measured by the evident flow of funds from large-cap stocks to small-cap stocks, seems to have significant explanatory power in predicting such future macroeconomic fundamentals as real GDP growth, the slope of the rate curve, and the growth of corporate earnings and dividends.

View more information

Topics
Credits · About the CE Program
0 CE (including 0 SER) Manage CE Credits

People who viewed this page also viewed:

Online Course
Building a Financial Model in Excel
Corporate Finance Institute
Article
All That’s Gold Does Not Glitter
CFA Institute: Financial Analysts Journal
Article
Equity Valuation: Science, Art, or Craft?
Research Foundation of CFA Institute: Research Foundation Publications

Loading ...