RT Journal Article SR Electronic T1 Core–Satellite Strategies: Combining Stability and Opportunity in an ETF Portfolio JF The Journal of Index Investing FD Institutional Investor Journals SP 50 OP 53 DO 10.3905/jii.2013.4.3.050 VO 4 IS 3 A1 Andrew Walsh YR 2013 UL https://pm-research.com/content/4/3/50.abstract AB So-called core-satellite strategies have gained popularity among asset managers seeking to combine strict risk control with opportunities to create alpha through active management. Traditionally core satellite portfolios consist of a passively managed core around which the satellites—usually actively managed vehicles—“revolve.” The rationale behind this is that the core of the portfolio should be consistent with investors’ long-term aims, enabling them to catch asset class risk premiums in efficient markets in a controlled and cost-effective way. The satellites are meant to generate alpha in inefficient market segments.TOPICS: Portfolio construction, exchange-traded funds and applications