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CFA Institute Research Foundation

Independent, high-quality research for prudent investment decisions.

Providing independent, high-quality research to infuse the finance community with knowledge, education, and ideas for better investment decision-making.

Strengthening Pension Savings in Emerging Markets: The Role of Behavioral and Technological Tools

By Carolina Cabrita Felix, PhD, and Seda Peksevim, PhD

Five Financial Eras: How Financial Markets Transformed the World

By Bryan Taylor, PhD, Chief Economist at Global Financial Data

Stocks for the Long Run Revisited: Dividends and “The Return Nobody Got”

By Paul McCaffrey. Forward by Laurence B. Siegel

Browse More Research Foundation Content

Video

How LLMs Transform Investment Workflows: Fine-Tuning, RAG & Agents

With Francesco Fabozzi, PhD, Managing Editor of the Journal of Financial Data Science (Part 2 of 2)

Video

How NLP Evolved: From Word Counts to Transformers

With Francesco Fabozzi, PhD, Managing Editor of the Journal of Financial Data Science (Part 1 of 2)

Financial Thought Exchange Podcast

The Financial Thought Exchange Podcast offers listeners invaluable insights from top financial thought leaders across various sectors.

The Efficient Markets Hypothesis and the Professional Status of the Investment Management.

With Stephen Brown, PhD, 2025 Vertin Award Winner - watch the recording.

Research Foundation Board of Trustees

CFA Institute Research Foundation Trustees are diverse finance experts, chosen annually for their varied backgrounds and global perspectives.

Vertin Award

This award was established in 1996 to honor James R. Vertin, CFA, for his outstanding leadership in promoting excellence and relevancy in research and education.

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