#Qbserve 1.82 update

These industries are popular exclusions due to the nature of their businesses and their relatively small share of equity markets. The first customization-exclusion of companies deriving material revenue from activities related to weapons, tobacco, and gaming-captures a traditional screen applied by some large public plan investors in the United States. Reduction in carbon intensity of 50% relative to the investable universe.Reduction in carbon intensity of 30% relative to the investable universe.Match the carbon intensity 2 of the investable universe.Exclude weapons, tobacco, and gaming companies.The customizations we apply cover both the exclusion and position-size-adjustment categories: The customizations we use are similar to the most common customization requests we receive. We apply five levels of portfolio customization to provide examples to help investors set reasonable expectations of the magnitude of impact generated by their customization choices. We believe investors should understand the implications of customization to their portfolios. Both forms of customization inherently introduce deviations from the original reference portfolios. The goal of our analysis is to help investors manage their expectations around customized portfolios by quantifying the impact on portfolio characteristics and portfolio performance.Īlthough the possibilities are as numerous as investors’ preferences, we categorize customizations into two broad forms: 1) outright exclusion of undesirable firms and 2) position-size adjustments in favor of firms that exhibit desirable characteristics. Similarly, our customizations range from a light-touch exclusion of weapons, tobacco, and gambling companies to a restrictive 50% reduction in carbon intensity. The sample portfolios we examine range from a broad capitalization-weighted portfolio to a relatively concentrated deep-value portfolio. In order to quantify the impact of customization (or direct indexing), we apply five levels of customization to four developed-market equity strategies. But what is the specific impact of popular ESG (environmental, social, and governance)-related customizations in some popular equity portfolio strategies? Adjustments to the weights of index constituents via a separately managed “direct index” will inherently change a portfolio, but how much does customization impact a portfolio’s performance and characteristics? Intuition tells us that broadly diversified portfolios will exhibit minimal impact from modest customization and that narrowly diversified portfolios will experience a material impact from significant customization. but remain un-assimilatable.Portfolio customization requires trade-offs. We even attempted to apply a template to them which caused them to alter form. They also refused to integrate in our glorious machine empire resulting in them being in a perpetual state of assimilation. This should not stand! So we decided to add them to our glorious collective and this resulted in the robots gaining the 'Cyborg' trait. After assimilating the neighbors we looked at our species tab and found that by default we too treated them as slaves. They had created and enslaved primitive robots. My nation are Driven Assimilators and we recently assimilated our neighbors who happened to be fanatical materialists.

#Qbserve 1.82 update

I'm playing the current update (1.82) and ran into an interesting problem.