The objective of the report is to provide European Union (EU) policymakers with an actionable toolbox for how they can contribute to mobilising private finance for climate-friendly investments. Climatefriendly investments are defined as investments aligned with the transition to a low-carbon...

Today, the investment into indices has become a widely used strategy in portfolio management.While Index Funds and ETFs try to represent the performance of a single index, otherportfolio strategies use indices as portfolio components to concentrate on the allocation task.Because an index cannot...

Directors’ Dealings have been extensively analysed especially for U.S. and U.K.stock markets. This event study is meant to bridge the gap for Germany, Italy andthe Netherlands. The question to be investigated is whether board members andother company insiders earn abnormal returns with market...

Behavioral finance theory is used for the foreign exchange market toshow, that the profit of a typical trader is mainly due to the higher number of correctpositions. Using behavioral finance the amount of loss trades is larger than60%, however the individual gains are larger than the losses...

Ziel des Beitrags war es, den Forschungsansatz der Behavioral Finance in seinemaktuellen Entwicklungsstand darzustellen und sein Potential für die Weiterentwicklungder Finanztheorie zu analysieren. Dabei wurde zunächst festgestellt,dass die vorherrschende Kapitalmarkttheorie bisher nicht in...

The paper examines the key drivers of gold investment. Since 2000 the gold price has risendrastically, making gold an interesting add-on to a portfolio. As gold futures have negativeroll returns, gold pool accounts are characterized by high credit risk and physical possessionof gold means high...

Hedge Funds are often considered as a possibility for optimizing traditional portfolios due to their alternative risk factors and sources of return. But as the return distribution of hedge funds shows negative skewness and excess kurtosis, using portfolio optimization techniques, based on the...

The aim of portfolio insurance strategies is to put a floor on the value of a stock portfolio byprogressively selling stocks and buy safe, short-term debt securities as stock prices fall. Thispaper analyzes the current static and dynamic methods in use and explains their pros andcons.