Do enhanced index funds live up to their name?

Uninformed investors would expect enhanced index funds (EIFs) to live up to their name and enhance portfolio performance. This updated and thorough comparison of EIFs and pure index funds finds that EIFs, as a whole and in domestic stock f...

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From the Editor Vol 19 No 3

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Age, income, health, and willingness to pay for health insurance in late-life

Uninsured older adults utilize fewer health services and are at higher risk of disability and death than insured individuals. This study sought to determine the personal and demographic characteristics associated with being uninsured. Part...

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Masthead Vol 19 No 4

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From the Editor Vol 19 No 4

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Freedon at 55 or drudgery till 70?

The classic preretirement problem for the financial planner is to advise a client how much to save, how much must be saved each year to reach a specified goal, and how the investments should be allocated between fixed income and equity. Th...

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The downside risk of postponing Social Security benefits

The point that only life participants may initiate or receive Social Security benefits is typically overlooked. Thus, a postponement of benefits at any eligible retirement age may be likened to participation in a game of chance in which th...

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Time, risk, and investment styles

This paper investigates the changing nature of equity investment risk across time horizon, an important issue in asset allocation decisions. We extend the literature by concentrating on different investment styles and by incorporating inve...

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Financial Services Review Masthead (2026) Volume 34 Issue 1

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Household Financial Decision-Making: Miscalibration, Mortality, Emotion, and Culture

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Great Financial Advisers Are Well-Being Advisers

Great financial advisers are well-being advisers, offering holistic advice that builds clients’ life well-being on the foundation of financial well-being. Interviews with investors in the US, UK, Mexico, and China show how they enhance the...

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A portfolio of leveraged exchange traded funds

This study demonstrates how a portfolio of leveraged exchange traded funds (LETFs) targeting a unit exposure to their underlying indexes outperforms a portfolio using traditional ETFs while simultaneously reducing downside risk. By extensi...

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Fear and trust in financial institutions

Financial institutions are pillars of the economy and play an important role in consumers’ daily lives. As such, trust between financial institutions and the consumers they serve is of paramount impor- tance. Using an online survey adminis...

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Conceptualizing financial advice in Australia

Many individuals entrust financial advisors to navigate through important financial decisions, yet extant research and persistent scandals bring the effectiveness of advice into question. In examining the Australian financial advice sector...

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Develop a retirement plan and stick to it

This study explores the relationship between financial literacy, behavior and attitude, and retire- ment savings decisions. Members of a South African tertiary institution’s retirement fund were sur- veyed and multistage multivariate re...

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