In a new white paper released today, we identify a stock market anomaly.
The Knowledge Effect is the tendency of highly innovative companies to deliver
excess returns for investors. Academic researchers first discovered an
association between a firm’s knowledge capital and its stock performance. Our
research and index results suggest there is an opportunity for investors to
capitalize on this market anomaly.
Download "The Knowledge Effect: Excess Returns of Highly Innovative Companies" to learn more about:
1) Why companies that choose to pursue an innovation
strategy generate abnormal returns,
2) The root causes of this market inefficiency, and
3) The results of our indexes that track the Knowledge
Effect in the developed and emerging markets.