在核心-卫星投资组合中使用直接指数

SSRN Pub Date : 2023-07-27 DOI:10.2139/ssrn.4456236

Paul Bouchey, Steve Edwards, Spencer Cavallo

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引用次数: 0

摘要

直接指数化在提高整体税后回报率方面的价值已得到充分证实。但是，直接指数投资在投资者的投资组合中有什么作用呢?在本文中，我们将演示使用核心-卫星方法构建投资组合的潜在好处。我们考虑了多种投资工具和方法——被动etf、直接指数和主动投资策略——并创造了几种可能的实施路径供投资者考虑。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Using a Direct Index in a Core–Satellite Portfolio

The value of direct indexing in enhancing overall after-tax returns has been well established. But where does direct indexing fit in an investor’s portfolio? In this article, we demonstrate the potential benefits of building a portfolio using a core–satellite approach. We consider multiple investment vehicles and approaches—passive ETFs, direct indexing, and active investment strategies—and create several possible implementation paths for investors to consider.

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