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Breadley 🥪
@Stullen-Portfolio
1Año·

Mal 'something of the "anti-cyclical" ETF on the S&P 500 put on 💫🍀✌️

...hopefully also anti-cynical 🤷‍♂️ 🙈 😇

11.04
Other OssiamShillerBarclaysCAPEUSSecValTR ETF 1CE logo
Compró 2 a 1012,50 €
2025,00 €
1
27 Comentarios
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Breadley 🥪@Stullen-Portfolio
1Año
I don't dare to give a competent explanation, @ChrisBizz, but here others have tried to explain the concept in an understandable way: https://www.private-banking-magazin.de/mit-dem-shiller-kgv-konjunkturelle-wogen-glaetten/ 📲
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Christoph@ChrisBizz
1Año
@Stullen-Portfolio Great, thank you very much! 👍
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Christoph@ChrisBizz
1Año
Can someone please explain to me how the underlying index selects the sectors to invest in? I can't quite figure it out from the key investor information: "The Shiller Barclays CAPE® US Sector Value Net TR Index reflects the performance of a dynamic long position in four U.S. equity sectors selected monthly based on their relative CAPE® ratio (cyclically adjusted P/E ratio) and price fluctuations over the previous 12 months (the "12-month price momentum")." Does that mean it invests in the 4 sectors with the lowest P/E ratios and the largest price declines over the previous 12 months?
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Kate💎 🙌.@Iwanowitsch
1Lun
Thanks for sharing 😇
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Breadley 🥪@Stullen-Portfolio
1Lun
@Iwanowitsch
Wow, thank you, dear Kate. ☺️

...and merry christmas 🎄🍾

Greetings
🥪
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Epi@Epi
1Año
Interesting part. Good luck with it!
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Breadley 🥪@Stullen-Portfolio
1Año
Thank you, @Epi. Yes, I actually find the concept behind it very exciting. ...similar exciting as the GTAA approach you are following - of course aware that $216361 doesn't have all the "dimensions" of GTAA you describe in https://getqu.in/QyYFftJa4bV1/gj9PsZf4V2/ I see the biggest advantage of CAPE in the easy/passive implementation 🤷‍♂️
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Epi@Epi
1Año
@Stullen-Portfolio Yes, I think the concept is great, too. Definitely a serious alternative to the SP500. Hopefully it will be available internationally soon, then it would be even more awesome! 😅
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Breadley 🥪@Stullen-Portfolio
1Año
@Epi The concept is also available in all kinds of other versions, including Europe and each as "SRI". Since the end of '22 also global...but not (yet) UCITS...🤷‍♂️
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Breadley 🥪@Stullen-Portfolio
1Año
ISIN@globaleVariante LU2555926372
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Epi@Epi
1Año
@Stullen-Portfolio Thanks for the tip!
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Epi@Epi
1Año
@Stullen-Portfolio Why did you choose the US variant and not the world variant?
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Breadley 🥪@Stullen-Portfolio
1Año
@Epi The application of the Shiller P/E principle to the relatively defined area of the S&P 500 convinced me much more than its application to a less defined/definable area of the large and mid caps of all industrialized countries. The application of this principle is somehow based on the homogeneity of the respective sectors, and for me, this homogeneity is greater in the US than globally.
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Epi@Epi
1Año
@Stullen-Portfolio Sounds plausible. Do you have empirical support for this intuition, which I would share?
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Breadley 🥪@Stullen-Portfolio
1Año
Nope, no empiricism on my part at all.
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Epi@Epi
1Año
@Stullen-Portfolio I find the problem with my intuition is that I can usually find good reasons for its opposite as well. For example, one could just as easily argue that by expanding a sector to the whole world, the nation and currency factors are eliminated and the sector is played pure, so to speak. 🤷
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