by Nicolas Rabener | Jun 12, 2023 | Uncategorized
Diversification versus Hedging II Which one should investors pursue? June 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Ideally diversifying funds are uncorrelated and generate positive returns However, identifying such funds is more challenging...
by Nicolas Rabener | Jun 5, 2023 | Uncategorized
Diversification versus Hedging Same, same, but different? June 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Hedging and diversifying strategies have different objectives Downside betas can be used to differentiate these Alternative strategies have...
by Nicolas Rabener | May 29, 2023 | Uncategorized
Alpha Generation: Equity Generalists vs Sector Specialists And the winner is? May 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Neither equity generalists nor sector specialists have generated alpha on average There is no consistency in alpha...
by Nicolas Rabener | May 22, 2023 | Uncategorized
Trend Following in Equities The trend is my friend, right? May 2023 Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Long-only trend following in equities was more effective than long-short trend following in the US Same for European and Asian stock markets...
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...
