Categories
English Portfolio Management

Norwegian investments: Insights from the world’s largest fund

The world’s largest sovereign wealth (Norway) believes in relatively efficient markets and follows a passive approach with a 70:30 stock:bond index and little deviations.

Categories
English Portfolio Management

Strengths of the Canadian investment model

The Canadian investment model advocates internalized wealth management and assets hedging liability and inflation (such commodity producer stocks, real estate, and infrastructure). 

Categories
English Portfolio Management

A look into the market crystal ball

High valuations make it improbable to repeat the recent high returns in stocks and bonds and investors need to manage their return expectations accordingly.

Categories
English Portfolio Management

Lessons from the Yale Model for Private Investors

In contrast to the Yale model, a passive approach has produced the best returns over the past decade and is likely to remain the best investment strategy in the future for individual investors.

Categories
English Portfolio Management

What is the Yale investment model?

Like private investors over the last decade, the vast majority of institutional investors would have been better off managing their funds passively with negligible costs.

Categories
English Portfolio Management

Subjective investing with Black-Litterman

Instead of following blindly historical data, investors can integrate subjective views. This is mostly justified in case of market anomalies, but dangerous in panic situations.

Categories
Français Portfolio Management

Investir subjectivement avec Black- Litterman

Au lieu de se baser uniquement sur des données historiques, il est possible d’intégrer les vues subjectives de l’investisseur, aujourd’hui souvent sur la base de modèles économétriques ou de Machine Learning

Categories
English Portfolio Management

Factors for private investors

A factor approach can lead to excessive transaction costs, increasing liquidity risk or entering complex derivative transactions.

Categories
English Portfolio Management

Factor investing: Theory

Factors are investment characteristics and investors expect premia through exposure to the corresponding risks

Categories
English Portfolio Management

Ray Dalio’s balanced portfolio approach

Risk Parity aims at designing a long-term and robust portfolio with minimal maintenance