Beyond Bulls & Bears

In the Know: Europe’s Capital Markets Union

In the Know: Europe’s Capital Markets Union

We are generally supportive of any ‘pro-European’ measures that help improve systemic integration across the monetary union.

Active Opportunities in a Passive World

Active Opportunities in a Passive World

To stay in line with benchmark allocations, passive funds buy more of the stocks that get bigger while selling the stocks that shrink. By doing so, they are perpetually rotating away from cheaper stocks that have underperformed and into more expensive stocks with limited upside potential.