Financial Analysts Journal, Q2 2025, Vol. 81 No. 2

Financial Analysts Journal, Q2 2025, Vol. 81 No. 2



Images Tell StoriesJoshua Ronen, Tavy Ronen, and Mi Zhou
Asset Allocation Drift Due to TaxesWilliam W. Jennings, CFA, and Brian C. Payne
Spot Bitcoin ETFs: The Struggle Was Worth ItAndrew M. Hornback and Robert E. Whaley
Optimal Factor Timing in a High-Dimensional SettingRob Lehnherr CFA, Manan Mehta, and Stefan Nagel
Intrinsic Value: A Solution to the Declining Performance of Value StrategiesDerek Bergen CFA, Francesco Franzoni, Daniel Obrycki, and Rafael Resendes
Credit-Implied VolatilityBryan Kelly, Gerardo Manzo, and Diogo Palhares


BY KIIGSOFT TECH CEO NYESIGA NABOTH

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