27.12.2018 - Studies
The discussion about "active vs. passive" has been intensive for many years. So far, the focus has mostly been on equities. However, the discussion is now spreading to the bond side.
In the context of the stock markets, this is mostly due to the strong growth in volume and the strong diversity of passive products, especially exchange traded funds (ETFs). However, the discussion is now also spreading to the bond market. Even though the security class of bond-based ETFs is still quite young, their total volume reached 1 trillion US dollar at the end of last year. The question whether an active fund manager can beat its corresponding benchmark or an ETF derived from it is likely to be increasingly discussed across asset classes from now on.
Download study as PDF (Reading time ca. 12 min)
21.09.2017 - Society & Finance
byActively managed funds often find it difficult to beat the broad market in the long term. However, if you identify the funds with a consistent investment strategy, you can significantly increase the chance of success by outperforming the market yield ...
The information contained and opinions expressed in this document reflect the views of the author at the time of publication and are subject to change without prior notice. Forward-looking statements reflect the judgement and future expectations of the author. The opinions and expectations found in this document may differ from estimations found in other documents of Flossbach von Storch AG. The above information is provided for informational purposes only and without any obligation, whether contractual or otherwise. This document does not constitute an offer to sell, purchase or subscribe to securities or other assets. The information and estimates contained herein do not constitute investment advice or any other form of recommendation. All information has been compiled with care. However, no guarantee is given as to the accuracy and completeness of information and no liability is accepted. Past performance is not a reliable indicator of future performance. All authorial rights and other rights, titles and claims (including copyrights, brands, patents, intellectual property rights and other rights) to, for and from all the information in this publication are subject, without restriction, to the applicable provisions and property rights of the registered owners. You do not acquire any rights to the contents. Copyright for contents created and published by Flossbach von Storch AG remains solely with Flossbach von Storch AG. Such content may not be reproduced or used in full or in part without the written approval of Flossbach von Storch AG.
Reprinting or making the content publicly available – in particular by including it in third-party websites – together with reproduction on data storage devices of any kind requires the prior written consent of Flossbach von Storch AG.
© 2020 Flossbach von Storch. All rights reserved.