This 2026 working paper introduces a research framework for finding better fund alternatives by separating what an investment delivers from the value that remains after comparable exposures are accounted for.
Research focus
The work examines fund selection as an investable comparison problem: identify the exposures a fund provides, measure the return components that can be explained or replicated, and evaluate whether a more efficient alternative may exist.
This paper is part of current research at PortfolioFuture ↗.
Read the original SSRN record ↗ · DOI ↗
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