Specifically, the index is composed of ETFs and minor cash positions
\ntracking the performance of 11 asset classes.<\/p>\n
In 1964, William Sharpe postulated that the market portfolio was the natural starting
\npoint in portfolio construction. More than 50 years later and after three years of research,
\nPanthera Solutions, with the goal of providing a representative, broad-based benchmark
\nfor multi-asset investing, developed a framework to measure the Global Capital Stock,
\nconsidering both financial and non-financial investable assets (Working Paper download:
\nhere). The Global Capital Stock for investors is acting as an academically sound proxy for
\nthe global market portfolio.<\/p>\n
Their research has resulted in a global market portfolio organized into 11 asset classes, The Solactive Panthera World Market Portfolio Index<\/strong> can be used as a benchmark against Steffen Scheuble, CEO of Solactive, commented: \u201cMost benchmark solutions for multiasset Markus Schuller, Managing Partner at Panthera Solutions, stated: \u201cIn recent years, multiasset The Solactive Panthera World Market Portfolio Index<\/strong> is calculated as a price return, net Solactive and Panthera Solutions are launching the Solactive Panthera World Market
\neach weighted in proportion to the respective market capitalizations. These include public
\nequities, government securities, financial institutions bonds, nonfinancial corporate
\nbonds, securitized loans, non-securitized loans, cash equivalents, cash, real estate, land
\nand private businesses. The components of the Solactive Panthera World Market
\nPortfolio Index<\/strong> are selected based on their ability to track as closely as possible each asset
\nclass and represent the underlying market properly.<\/p>\n
\nwhich to compare the performance of multi-asset portfolios. Equally, it can be employed
\nto analyse the relative performance of each asset class through time. In addition, it can act
\nas the parent index of active strategies or as the foundation on which to build investment
\nproducts such as ETFs.<\/p>\n
\nstrategies have typically focused on traditional financial assets, thus overlooking
\nnon-financial ones. The consequence is a partial picture of asset holdings globally. In order
\nto fill the gap, Panthera Solutions and Solactive have come up with a proxy for the global
\nasset market taking into account both financial and alternative assets. This is captured by
\nthe Solactive Panthera World Market Portfolio Index<\/strong>, which can be considered as one of
\nthe most representative and least biased benchmarks for multi-asset investing in the
\nmarket so far.\u201d<\/em><\/p>\n
\ninvesting became increasingly popular. In Europe alone, more than 14.000 multiasset
\nfunds are offered. Evaluating their asset allocation quality with traditional risk
\nmeasures or non-representative benchmarks has proven to be insufficient.
\nThe Solactive
\nPanthera World Market Portfolio Index<\/strong> offers the very first representative benchmark for
\nmulti-asset strategies as it is based on the Global Capital Stock.\u201d<\/em><\/p>\n
\ntotal return and gross total return index. The index is published in USD. As of the launch
\ndate, the index was composed of 78 ETFs. The asset classes are represented by a minimum
\nof 2 ETFs up to 47. The weight of each asset class is proportional to the market
\ncapitalization of other asset classes. Similarly, the weight of each ETF covering a specific
\nasset class is proportional to its market capitalization within that asset class. The index is
\nrebalanced monthly.<\/p>\n","protected":false},"excerpt":{"rendered":"
\nPortfolio Index. This index seeks to replicate the global market portfolio as measured by
\nMonaco-based asset allocation consultancy Panthera Solutions through a multi-asset
\nindexing strategy.<\/p>\n","protected":false},"author":20,"featured_media":63592,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1655,1718,1651,1711,1437,1691,2234,1720,1952],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/63594"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=63594"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/63594\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/63592"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=63594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=63594"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=63594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}