menu

WhitePapers

2016

Should my portfolio be on a glide path?

November 23, 2016

By: Graham Westmacott

Do target date funds that put your portfolio on a glide path offer any advantage over a constant equity portfolio? In our recent study we show that target date funds can be replaced with a constant equity portfolio, with lower risk for the lump sum investor and comparable risk for the regular saver.

Passive versus Active Report (P.A.R.)

September 30, 2016

By: Raymond Kerzérho

Key evidence about the competition between passive and active management

Foreign Withholding Taxes

July 5, 2016

By: Justin Bender & Dan Bortolotti

How to estimate the hidden tax drag on US and international equity ETFs

Are Bond ETFs Dangerous?

May 31, 2016

By: Raymond Kerzérho

Several market observers have expressed concerns about potential flaws in bond ETFs. Are bond ETFs robust or fragile? We review their structure, with particular attention to their creation and redemption process. We also propose some strategies to maximize risk-adjusted returns.

A Rebalancing Act

April 20, 2016

By: Raymond Kerzérho

Estimating the Value Added through Portfolio Rebalancing

Great Expectations

March 1, 2016

By: Raymond Kerzérho & Dan Bortolotti

2015

2014

2013

2010