Allocation

Using its expertise in systematic asset management, in 2013, Ossiam has set up an ETF offering a long only exposure to a risk weighted enhanced commodity index, based on S&P Goldman Sachs Commodity Index constituents, excluding grains.

Can Beta Become Smarter? Nobel Prize-winning economist William Sharpe introduced the notions of “beta” and “alpha” decades ago. Put simply, Sharpe defined beta as a measure of a portfolio’s sensitivity relative to the market. Under this definition, it is difficult to fathom how beta can become “smarter.”

According to Raphaël Gallardo, Strategist – Investment and client solutions at Natixis Asset Management, the fall in the oil price is attributable to a real phenomenon (the downward revision in global energy demand), but which he considers to be amplified by macro-financial interest-rate issues (steepening US real rates) and foreign exchange factors (dollar rally).

Bullish on Stocks, Dollar, Volatility and Real Estate Opportunities to Be Found in Commodities and Emerging Markets

According to Paul Jackson, Paul Jackson, Managing Director and Head of Multi-Asset Research at Source IM, it is better to be vaguely right than exactly wrong. He underweights bonds - but not high yield, and overweights equities and real estate...