Galaxy Digital Capital Management's multi-disciplinary team has deep experience across active and passive portfolio
management, capital markets, operations, and blockchain technology.
In fact 'The Stack' framework is what drives all their investment decisions not as a passive portfolio
but a literal stack of highly synergistic technologies that when combined accelerate one another and the possibility of an open Web 3.
Thus, this transition may eventually help Pakistan to win back all those passive portfolio
investors who were forced to leave the market when Pakistan left the FM as a result of the May 2017 review.
But to assume active management is the only strategy followed by portfolio managers is to ignore the other 33% of portfolios managers who eschew active management in favor of "passive management." Passive portfolio
managers do not try to time the market or pick hot stocks.
Members also approved the balance within the passive portfolio
to be 16% global RAFI*, 16% global low carbon and 6% emerging markets.
The impact-driven passive portfolio
is constructed by PMC's Quantitative Research Group using company-level environmental, social, and governance (ESG) data from Sustainalytics, a leading independent global provider of ESG research and ratings.
In recent months, Vitex has expanded its passive portfolio
by introducing athermal AWGs, thin film filters and fiber optic cables.
US-based investment advisor One Stone Global LLC has acquired the US office of Old Mutual Global Index Trackers, UK-based financial services group Old Mutual's South African passive portfolio
management business, the company said.
We use the 75/25 portfolio of stocks and cash as the passive buy-and-hold benchmark in this case, because over the total sample this passive portfolio
has virtually the same risk (as measured by the standard deviation) as the active market timing strategy based on the SMA10 rule.
The historical simulation of "Matching volatility" strategy shows lower overall risk (ulcer index--2.45%; standard deviation --2.4%; max drawdown--14.31%) and higher expected return (CAGR - 13.49%) compared to passive portfolio
strategies ("Balanced": CAGR--10.03%; "Optimized" CAGR--10.51%).