by Nicolas Rabener | May 15, 2023 | Uncategorized
Emerging Market Funds: Same, Same, but Different? Divergent factor exposures May 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Emerging markets offer divergent factor exposures across and within regions Smart beta ETFs do not necessarily offer high...
by Nicolas Rabener | May 5, 2023 | Uncategorized
Finding Funds with Diversification Potential Downside versus upside betas May 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Downside betas do not help to identify diversifying strategies These need to be combined with upside betas Betas to the...
by Nicolas Rabener | May 1, 2023 | Uncategorized
Upside versus Downside Stocks There is more upside in downside, and more downside in upside stocks than expected. April 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Stocks can be ranked by their upside and downside betas to the S&P 500 Results...
by Nicolas Rabener | Apr 24, 2023 | Uncategorized
Downside Betas vs Downside Correlations Quantifying the diversification benefits of alternative strategies April 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Investors typically use correlation to identify diversifying strategies, but the metric...
by Nicolas Rabener | Apr 17, 2023 | Uncategorized
Portfolio Allocations vs Risk Contributions What’s driving my portfolio? April 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Most investors analyze investment products based on their holdings However, holdings often misportray of what is...
by Nicolas Rabener | Apr 10, 2023 | Uncategorized
The Alpha Games: Technology Funds And the winners are… April 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY US tech funds underperformed their benchmark indices by 4% between 2018 and 2022 The factor contributions were marginal This resulted in...
