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  • Passive index replication or enhanced for corporate bonds?

    In recent years, passively managed approaches have become increasingly popular for corporate bonds. A distinction is made between fully passive approaches, which aim to replicate the composition of an index,…

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  • Short Selling as an ex ante alpha signal

    Efficient stock market pricing requires all market participants to feed their individual expectations regarding future and value-relevant information into the process. If a market participant considers the market price to…

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  • Global Equities Enhanced: Finding the sweet spot between passive and active investing

    With global equity markets highly efficient and fee pressure ever-present, many professional investors default to broad equity ETFs as core portfolio building blocks. However, this approach also comes with limitations—especially…

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