Disappointed with the performance of market weighted benchmark portfolios yet skeptical
about the merits of active portfolio management, investors in recent years turned to …

Volatility-based and volatility targeting approaches have become popular among equity fund
managers after the introduction in 1993 of the VIX, the implied volatility index on the S&P500 …

Theoretical models, such as the CAPM, predict a positive relation between risk and return,
but the empirical evidence paints a mixed picture. Positive, flat and negative relations have …

An efficient low-volatility strategy only needs a little amount of trading. The empirical
literature on low-volatility investing reveals a concave relation between the amount of …

This article introduces an algorithm for tail risk hedging and compares it to other existing
methods. This algorithm adjusts the exposure level based on a measure of tail risk obtained …

Financial theory assumes that higher risk is compensated on average by higher returns.
However, the outperformance of low-volatility stocks during the last 50 years has been …

Convertible bonds are fixed-income securities that have embedded options to convert into
equities. This optionality offers investors better risk-adjusted returns than traditional bonds or …

Finance theory suggests that higher return comes with higher risk. This paper examines low
risk anomaly in Indian stock markets by using the constituent stocks of S&P CNX 500 index …

Die Arbeit untersucht, ob die Umsetzung von „Volatilitaetsziel “-Strategien in der
Vergangenheit erfolgreicher als herkömmliche „Kaufen-und-Halten “-Strategien gewesen …

In the wake of the global financial crisis, investors of all types, institutional funds, retail
investors, and endowments, have had some response to what they have learned. The range …