Research

The following articles and commentaries, published over the past three decades, reflect various aspects of our firm's general approach to investing.

KEPPLER ASSET MANAGEMENT | August 2018

Comeback der Value-Strategien
[in German]

by Michael Keppler

The Journal of Investing | March 2017

How Attractive Are Emerging Markets Equities? The Importance of Price/Book-Value Ratios for Future Returns

by Michael Keppler and Peter Encinosa

The Journal of Investing | November 2011

The Small-Country Effect Revisited

by Michael Keppler and Peter Encinosa

The Journal of Investing | August 2011

Remarks on the Calculation of Earnings in the S&P 500 Index

by Michael Keppler and Xing Hong Xue

TOPNEWS | August 2008

Der Marktpreis ist nicht immer der richtige Preis
[in German]

by Michael Keppler

WERTPAPIER | July 2004

Falsche Propheten
[in German]

by Michael Keppler

The Journal of Investing | November 2003

The Seasonal Price Behavior of Global Equity Markets

by Michael Keppler and Xing Hong Xue

Wertpapier | September 2003

Schwellenrepublik Deutschland?
[in German]

by Michael Keppler

Keppler Asset Management Inc. | July 2002

Seasonality: Seasonal Price Return Patterns of Global Equities

by Keppler Asset Management Inc.

Wertpapier | May 2000

Wettlauf von Hase und Igel
[in German]

by Michael Keppler

Global Asset Allocation: Techniques for Optimizing Portfolio Management | September 1994

How to Beat Global Equity Indices with Low-Risk Country Allocation Strategies

by Michael Keppler

The Hand Book of Derivatives & Synthetics | April 1994

Managed Futures and Emerging Markets

by Michael Keppler

DIE BANK | May 1992

„Beta“-Faktoren und CAPM ­– ein Nachruf
[in German]

by Michael Keppler

THE JOURNAL OF PORTFOLIO MANAGEMENT | October 1991

Further Evidence on the Predictability of International Equity Returns

by Michael Keppler

OUTSTANDING INVESTOR DIGEST | August 1991

A New Definition of Risk: The Keppler Ratio

DIE BANK | July 1991

Portfolio-Theorie: Zweifelhafte Annahmen, suboptimale Ergebnisse
[in German]

by Michael Keppler

The Journal of Portfolio Managment | January 1991

The Importance of Dividend Yields in Country Selection

by Michael Keppler

DIE BANK | November 1990

Risk Is Not the Same as Volatility

by Michael Keppler

Das Wertpapier | October 1989

Wenn die Gier in Angst umschlägt: 1929–1987
[in German]

by Michael Keppler

Das Wertpapier | June 1989

“Tactical Asset Allocation” eine Strategie zur Begrenzung des Risikos, die jedoch selbst nicht ohne Risiko ist
[in German]

by Michael Keppler