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Investment & Financial Markets Exam—November 2021 Syllabus

www.soa.org

a) Explain the three forms of the efficient market hypothesis (EMH). o Understand the definition of efficient markets, and distinguish between the strong, semi-strong, and weak versions of the EMH. o Identify empirical evidence for or against each form of the EMH. b) Explain the main findings of behavioral finance.

  Market, Efficient, Hypothesis, The efficient market hypothesis

Reflections on the Efficient Market Hypothesis: 30

www.e-m-h.org

The Financial Review 40 (2005) 1--9 Reflections on the Efficient Market Hypothesis: 30 Years Later Burton G. Malkiel∗ Princeton University Abstract

  Year, Market, Efficient, Hypothesis, 30 years, The efficient market hypothesis

An Overview of Factor Investing - Fidelity Investments

www.fidelity.com

nearly $250 billion during the past five years.1 But investors actually have been employing factor-based techniques in ... from the “efficient market hypothesis,” which suggests it is impossible ... 30% 40% 50% 60%

  Year, Market, Efficient, Investment, Fidelity, Hypothesis, The efficient market hypothesis, Fidelity investments

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