Portfolio Construction

Deutsche Börse Group is expanding its portfolio with a newly created growth company, Qontigo – a financial intelligence innovator and leader in the modernisation of investment management, from risk to return.

The countdown to Britain’s yet-unmanaged departure from the European Union is causing anxiety across the country – with the stock market appearing as one noticeable exception. 

Last August, Credit Suisse Asset Management (Switzerland) Ltd. launched the first index fund tracking the EURO STOXX® Multi Premia Index, a multi-factor strategy based on cutting-edge research. 

Deutsche Börse AG (Deutsche Börse) and Axioma, Inc. (Axioma) announced that Axioma has agreed to be acquired by Deutsche Börse for USD 850 million cash and debt free (around USD 820 million equity value) and will be combined with Deutsche Börse’s index businesses (STOXX® and DAX®) valued at EUR 2.6 billion. 

Global stocks wrapped up their best calendar quarter in over eight years in March, as the Federal Reserve halted its interest-rate increases, and expectations strengthened for a trade truce between the US and China.

The growing popularity of smart-beta products has fueled the debate around whether their advantages and potential performance can prevail across different market environments. 

Equal-weight index strategies have gained in popularity and capital flows in recent years as a way for investors to diversify risk at the stock level.

Axioma announced today the appointment of Amaury Dauge as President. Dauge will also continue to serve as Chief Financial Officer, a position he has held since joining Axioma in June 2016.

Bank of America Merrill Lynch is among brokers saying the euro will likely recoup its losses against the dollar in 2019,1 as the Federal Reserve slows down the pace of tightening and the European Central Bank (ECB) gradually removes monetary support.

When it comes to evaluating the success of equity portfolios or constructing a traditional passive investment strategy, the go-to instrument has usually been the market capitalization-weighted index.

The first edition of Morningstar’s European Active/Passive Barometer shows the extent to which active managers in the region have underperformed their passive peers in recent years, suggesting the active-management industry must contend not only with high costs but with poor returns too. 

Factor investing has gained enormous traction in recent years as a transparent and low-cost way to exploit widely-acknowledged sources of market-excess returns, so-called risk premia.