This is a summary of links featured on Quantocracy on Monday, 03/29/2021. To see our most recent links, visit the Quant Mashup. Read on readers!
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An Investigation of R&D Risk Premium Strategies [Quantpedia]A firm as an independent entity is engaged in a wide range of activities that affect its value. While the impact of some activities on the firms value is immediate and indisputable, there also exists a variety of activities that might impact the firms value in the future, while their outcome is yet uncertain. A similar logical approach can be used when evaluating the firms assets. The
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How Active Mutual Funds Use ETFs [Alpha Architect]As of 2017, and in spite of the documented negative relationship between fund performance and use of ETFs, approximately one-third of US-domiciled, actively managed mutual funds held ETFs at one time or another. Active managers justifiably make use of ETFs to improve their portfolio management operations. But is their use for cash management, liquidity, improved returns, or risk reduction? The