Indexes

A dynamic model for leveraged funds

Guido Giese derives a model for the performance and Sharpe ratio of leveraged and inverse index funds that follow a dynamic leveraged trading strategy, that is, they are rebalanced on a daily basis to ensure a constant degree of leverage with respect to…

Conservatism still reigns in wake of crisis

The private banking division of Credit Suisse is still seeing the impact of the financial crisis on its investors’ requirements. Fixed-income structured products remain popular but the low interest rate environment is still affecting the types of…

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