Captures specific dimensions of risk identified by academic research.
Minimizes transaction costs and enhances returns through trading and engineering.
Minimizes transaction costs and enhances returns through trading and engineering.
The "Other Guys"
Active Management
Attempts to beat the market through security selection and market timing.
Undermines asset class exposure to keep up with the most "promising" securities.
Generates higher fees, trading costs and taxes due to increased turnover.
Passive/Index Management
Attempts asset class returns.
Allows commercial benchmarks to define strategy.
Sacrifices transaction costs and turnover in favor or tracking.
13616 California Street · Suite 300 · Omaha, NE 68154-5336 · 402.496.8800 ...................................................................................................................................................................
