Covered Call Strategies Uncovered

Covered Call Strategies Uncovered Trading income for capital returns July 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Covered call strategies aim to offer index-like returns with lower volatility and higher yields They have underperformed their...

Diversification versus Hedging II

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...

Diversification versus Hedging

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...

Trend Following in Equities

Trend Following in Equities The trend is my friend, right? May 2023 Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARYLong-only trend following in equities was more effective than long-short trend following in the USSame for European and Asian stock...

Finding Funds with Diversification Potential

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...