BDCs: Better Don’t Choose?

BDCs: Better Don’t Choose? Another strategy that trades income for capital returns August 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Business development companies (BDC) funds feature 10%+ annual fees Investors seem to be willing to accept...

What Are Growth Stocks?

What Are Growth Stocks? Growth lies in the eye of the beholder. January 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARYGrowth stocks can be defined via valuations, fundamentals, or performanceThese stocks have generated essentially zero excess returns...

Risk Parity & Rising Rates

Risk Parity & Rising Rates Risky Risk Parity? May 2022. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARYRisk parity strategies have become available via mutual funds and ETFs, but portfolio construction variesRising interest rates are seen as a threat...

Commodities vs Commodity ETFs

Commodities vs Commodity ETFs Good or bad proxies? March 2022. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARYThe average correlation between oil and oil ETFs was only 0.8Gold ETFs provide better exposure to gold than oil ETFs to oilGold mining stocks are...