Highlight

May your holiday season be filled with the warmth of joy, the echoes of laughter, and the embrace of cherished moments. EVIV Group wishes you and your loved ones a truly delightful festive celebration.

Question of the month

Question: how to calculate overlay strategy portfolio returns?

Answer: Use as the denominator the notional exposure of the overlay strategy portfolio, the value of the underlying portfolio being overlaid, or a specified target exposure.
For more guidance on overlay strategies, please see "GUIDANCE STATEMENT ON OVERLAY STRATEGIES" from the CFA Institute. https://www.gipsstandards.org/wp-content/uploads/2022/01/gs_overlay_2022.pdf

Word of the month

OVERLAY STRATEGY - A strategy in which the management of a certain aspect of an investment strategy is carried out separately from the underlying portfolio.
Overlay strategies are typically designed either to limit or maintain a specified risk exposure that is present in the underlying portfolio or to profit from a tactical view on the market by changing a portfolio’s specified risk exposure. community.

Event of the month

In the spirit of the holiday season and the approaching year-end, we believe that the most valuable currency is time spent with our loved ones. Therefore, our "event of the month" this month is the opportunities for meaningful connections, laughter, and shared experiences with family and friends.

Picture of the month

Every year on Christmas, the small medieval town of Gubbio, in northern Italy, lights up the world's biggest Christmas tree on the slopes of Mount Ingino that lies outside the city. The 'tree' is not an actual tree, rather a light installation shaped like a Christmas tree. See it on Google maps