Our study provides further insights into the evidence of excess returns of low volatility enhanced portfolios. Based on …-adjusted basis. Analyzing a new data set from 2000 through 2015, we find that low volatility enhanced portfolios exhibit … extraordinary excess returns during stressed market conditions. Empirically, we find that enhancing portfolios with low volatility …

, investment levels have decreased over recent years. Moreover, the recent turbulence caused by the COVID-19 crisis has accelerated … the latter process. Within this scenario, we consider the so-called Volatility Target (VolTarget) strategy. In particular …, we focus our attention on estimating volatility levels of a risky asset to perform a VolTarget simulation over two …