Zero-beta portfolio

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Zero-beta portfolio

A portfolio constructed to have zero systematic risk, similar to the risk-free asset, that is, having a beta of zero.

Zero-Beta Portfolio

A portfolio with no systematic risk. A zero-beta portfolio is most useful for a risk averse investor; however, its expected return is the risk-free rate of return, which is very low.
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Thus, the strategy outlined in this paper creates a zero beta portfolio for expected market downturns and a portfolio with a beta equal to one for expected market upturns.
The implication of discount rate changes for market timing
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