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 paper, we demonstrate the potential benefits of building a portfolio using a core–satellite approach. We consider multiple...

Governments are being asked to integrate uses of ocean resources and space by developing comprehensive zoning plans. The current, sectoral practice establishes individual areas, such as marine protected areas, that satisfy constituents' first-possession strategies to claim de facto ownership,...