Pooled Investment Vehicles: Innovative and Versatile
Pooled Products: Growth, Performance and Outlook
Pooled investment vehicles offer allocators innovative and cost-efficient ways to gain exposure to various asset classes which otherwise may be difficult to invest in. This selection provides professional investors with a number of key research papers that highlight crucial trends, important mechanics and in-depth analysis pertaining to a number of pooled products, such as ETFs, mutual funds and hedge funds, among others.
For compliance reasons, this paper is only accessible in the United States
Bond ETFs have been around for two decades now. This type of pooled investment product has changed the way investors gain exposure to credit instruments.
In collaboration with asset management firm Amundi, EDHEC-Risk Institute looks at the key trends underpinning ETFs, Indexing and Smart Beta strategies.
Using data from U.S. ETFs from between 1998 and 2018, professors from Florida Atlantic University assess how these pooled vehicles have affected hedge funds' performance.
For compliance reasons, this paper is not accessible in the United States & Canada
CTAs seek to profit from moves in the global financial, commodity and currency markets by investing in derivatives. How will the change in Rho (interest rate risk) impact performance?
For compliance reasons, this paper is only accessible in the United States & Canada
Fixed income indices are data-driven and offer investors a cost-efficient way to gain exposure to credit instruments.
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Open-ended funds can pose a risk to investors if there is a mismatch between redemptions and the liquidity profile of a fund's holdings.
By applying the Fama and French five-factor model, this paper looks at how Saudi Arabia's mutual funds have performed during the Covid-19 pandemic.
Looking at headline figures of performance can be misleading. There is often a great deal of discrepancy when investors analyse what lies beyond these round numbers.
Do mutual funds beat the market? This paper seeks to answer the question by assessing U.S. mutual fund performance relative to the broader equity market over the long-term.
A close analysis of the performance of large endowments may lead investors to seriously question the efficacy of the so-called endowment model.
For compliance reasons, this paper is only accessible in the United States
State pension funds need to generate enough returns to meet the policyholders' retirement needs. However, we know that many pension funds struggle to achieve this goal.
ABOUT THE AUTHOR
Andrew Perrins is a former Actuary and Asset Allocator. After qualifying as an Actuary, he worked for 15 years in investment management, serving as Director of Asset Allocation for Abbey Life and for Chase Manhattan, before setting out on a more entrepreneurial path.
To contact him,?email?[email protected]