Nicolas Rabener's Articles

Helping smart beta by reducing turnover

by , 26th November 2018

Summary Portfolio turnover of equity factors can be reduced significantly¬†by trading more conservatively However, reducing turnover does not necessarily increase risk-return ratios It all depends on transaction costs Introduction Turnover […]
Nicolas Rabener

Improving the odds of value

by , 1st November 2018

[This is the second article in our series about making value investing work.] Summary Value investors earn a premium for holding undesirable stocks Market skewness may identify periods where the […]