Advisors React to the Arrival of Dual-Share Fund Classes

Published on October 1, 2025

ETF share classes of existing mutual funds are about to arrive. Is the industry prepared?

Continue reading on website
Other news

Crestmont P/E and Market Valuation: September 2025

October 1, 2025
Based on the September S&P 500 average of daily closes, the Crestmont P/E of 43.2 is 183% above its arithmetic mean, 210% above its geometric mean, and is in the 100th percentile of this 14-plus-decade series.

Market Valuation: Is the Market Still Overvalued?

October 1, 2025
Here is a summary of the four market valuation indicators we update on a monthly basis.The Crestmont Research P/E ratioThe cyclical P/E ratio using the trailing 10-year earnings as the divisorThe Q ratio, which is the total price of the market divided by its replacement costThe relationship of the S&P composite price to a regression trendline