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CIFA - The Convention of Independent Financial Advisors


CIFA - The Convention of Independent Financial Advisors
CIFA - The Convention of Independent Financial Advisors
The Convention of Independent Financial Advisors (CIFA) is a non-profit Swiss foundation that aims to strengthen the role of independent financial advisors at the international level in order to better defend the interests of investors. Its annual congress – the International CIFA Forum – which attracts delegates from CIFA's 40 partner federations and associations, as well as individual IFAs, bankers, regulators and journalists, has become one of the major international forums for the financial intermediation community. Its eighth edition will be held on 28-30 April 2010 in Madrid (see www.cifango.org). Since 2007, CIFA is the first and still only financial NGO in consultative status with the Economic and Social Council of the United Nations. It is thus in a position to make recommendations in legislative projects being developed by the ECOSOC. CIFA is also in consultative status with the UNCTAD.

CONTACT
Address : 3, Rue du Vieux-Collège, P.O. Box 3255, 1211 Geneva 3, Switzerland
Phone : +41 (0) 22 317 11 11
Fax : +41 (0) 22 317 11 77
Web : www.cifango.org
Email :

EDITORIAL

Aktives oder passives - Portfoliomanagem…

Aktives oder passives - Portfoliomanagement?

Aktives oder passivesPortfoliomanagement? John Ventre Portfoliomanager der Skandia Investment Group         John Ventre, Portfoliomanager der Skandia Investment Group ist der Auffassung, dass beide Portfoliostrategien, aktive wie passive, eine Reihe starker Argumente mit sich bringen. In der Praxis gibt immer die persönliche Vorliebe des Portfoliomanagers den Ausschlag bei der Wahl beider Ansätze. Ganz persönlich ist er der Ansicht, dass vor allem das aktive Management Vermögenswerte nachhaltig steigern kann. David F. Swensen, der prominente Manager der Vermögen und Finanzanlagen der amerikanischen Yale University, führt sechs Gründe an, warum er den passiven Ansatz bevorzugt: Einfachheit Managementqualität Niedrige Portfolio-Umschlagsrate (PTR) Niedrige Betriebskosten Kapazität Wertentwicklung Swensens Argumente scheinen zunächst einleuchtend. Andererseits ist es auch...

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