by Nicolas Rabener | Jan 8, 2024 | Uncategorized
Duration of U.S. Equities How sensitive are stocks to changes in interest rates? January 2024. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Sectors and factors were not very sensitive to changes in interest rates on average However, the averages are...
by Nicolas Rabener | Jan 2, 2024 | Uncategorized
Factor Olympics 2023 And the winner is… January 2024. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY The performance of factors was unexciting and poor in 2023 Quality performed the best, low volatility the worst Low-risk and cheap stocks are...
by Nicolas Rabener | Dec 18, 2023 | Uncategorized
Listed Private Equity ETFs: The Real Deal? Investing in versus with the KKRs, Blackstones, and Apollos of this world December 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Listed private equity companies have significantly underperformed It seems...
by Nicolas Rabener | Dec 11, 2023 | Uncategorized
The Illusion of the Small-Cap Premium Small-cap stocks outperform large-cap stocks, right? December 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Small-cap investing is intuitively appealing However, small-caps have underperformed in most markets...
by Nicolas Rabener | Dec 4, 2023 | Uncategorized
Replicating Funds via S&P 500 & Smart Beta ETFs Is the whole greater than the sum of the parts? December 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Mutual funds and ETFs can be replicated via the S&P 500 and long-short factors An even...
by Nicolas Rabener | Nov 27, 2023 | Uncategorized
Failing to Build High Sharpe Ratio-Portfolios A Sharpe ratio of 1 should be easily achievable, right? November 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY High Sharpe ratios are attractive given consistent returns However, the traditional 60/40...
