The low volatility anomaly has proved incredibly popular in recent years. Investors have moved billions into low volatility funds that dangle a juicy carrot – the potential to earn superior risk adjusted returns. Historically, low volatility has beaten the market while exposing investors to less risk than the market portfolio. Yet while other return premiums […]

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Good reads from around the Web. I know someone looking to buy a flat in London who was astonished last week to find his low-ball opening gambit treated with some reverence. Earlier this year our mild-mannered friends had recounted harrowing tales of being transformed into bare-toothed gazumpers by those insidious ‘open house’ days, which were […]

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The low volatility phenomenon is described as an anomaly; like ball lightning or a dog that says “sausages” or sexy popes, it shouldn’t work but it seemingly does. The promise of low volatility equities is three-fold: Returns that match or exceed the market over time… …while inflicting around 20% less price fluctuation pain upon investors, […]

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