Bitcoin: Diversifikation und Replikation mit aktien
Christophe Roehri note in German’s ExxecNews Institutional on bitcoin’s diversification benefits
Designing a sustainability footprint based on company reported data
Responsible investing is an important topic since the very beginning for TOBAM. After introducing exclusion lists in 2007, becoming signatory of the UN PRI in 2010 and subsequently adding each year additional dimensions to our responsible investment policies and practices such as carbon footprint constraints and fossil fuel free portfolios, we decided two years ago that it was time now to address the next big topic, which is an enhanced integration of sustainability dimensions into our portfolio construction process.
Is the Concentration Cycle Coming to An End?
The first half of 2022 turned out totally different from what most inventors had anticipated in the beginning of the year – this shows yet again that trying to predict asset prices is everything but an easy exercise.
I this note, we do not aspire to make predictions about the future. Instead, we provide an interpretation of the most recent evolutions in markets that focuses on the observation of cycles of concentration and deconcentration; after a long period of record market concentration, equity market experienced a first mean reversion since the beginning of the year. Even more interestingly, we argue why this first mean reversion still leaves a lot of room for a massive reduction of the still high market concentration.
Bank Loans vs. High-Yield Bonds
Bank loans and high-yield bonds both offer attractive yields in the credit market today. For investors hunting for yield, it is hence important to understand the differences between these two instruments and the caveats to bear in mind when comparing them.
TOBAM’s commitment to Human Rights
The current development in Ukraine illustrates once again the massive cost of low vigilance in the defense of human rights. Read Yves Choueifaty’s perspective on the current situation and TOBAM’s commitment to human rights.
TOBAM’s Viewpoint: Investing after the Corona Slump
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“Portfolio Rho-Presentativity” to be presented at the 12th Annual Financial Risks International Forum
We are very proud to announce that TOBAM will be presenting our new research paper titled “Portfolio Rho–Presentativity” at the 12th Annual Financial Risks International Forum which will take place in Paris on the 18th & 19th of March. This year’s forum will focus on “Low Interest Rate Environment: Search for Yield, Risk Management and…
Debunking some of the biggest investment myths
Click here to download the paper The investment management industry relies on foundations and pillars which strongly influence beliefs and decision making. Whilst some are robust and strongly defined, others are either flawed or not well defined, which leads to misunderstandings. The objective of this note is to discuss some of these myths or misunderstandings…
The average Indianapolis race driver is very slow….
Click here to download the paper Yves Choueifaty explains in the Financial Times fund management supplement why the average Indianapolis race driver is very slow, and how it matters in the passive/active management debate.
La gestion passive n’est autre que l’absence de gestion
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