Efficient way to build a core-satellite portfolio by using exchange-traded funds

• Table des matières
  
• 1 Introduction
  
• 2 The core-satellite approach, what is it ?
  
  • 2.1 Born from the failure of traditional portfolio construction
    
  • 2.2 The features of this approach
    
    • 2.2.1 What about the core?
      
    • 2.2.2 What about the satellite?
      
    • 2.2.3 Consequences from the separation of Alpha and Beta
      
  • 2.3 One last word!
    
• 3 ETF, a young financial instrument
  
  • 3.1 An ETF, what is it ?
    
  • 3.2 ETF in this portfolio approach
    
    • 3.2.1 ETFs in the core
      
    • 3.2.2 ETFs in the satellite
      
  • 3.3 One last word!
    
• 4 How much of the portfolio to allocate to the core vs the satellite?
  
  • 4.1 The static approach
    
  • 4.2 Quick word on the dynamic approach
    
• 5 Conclusion
  
• 6 Appendix
  
• 7 References
  
  • 7.1 Academic references
    
  • 7.2 Online references