PT - JOURNAL ARTICLE AU - Richard M. Ennis TI - Richard Ennis’s Insights: Cutting through the Fog of Asset Class Labels AID - 10.3905/joi.2021.1.218 DP - 2022 Jan 31 TA - The Journal of Investing PG - 6--10 VI - 31 IP - 2 4099 - https://pm-research.com/content/31/2/6.short 4100 - https://pm-research.com/content/31/2/6.full AB - Institutional investors use myriad and often ambiguous asset class descriptions that obscure portfolio market exposures for anyone on the outside. This obfuscation makes it difficult to understand risk characteristics and complicates performance evaluation. Fortunately, analytical techniques exist to cut through the fog of asset class labeling.