A Detailed Look at the "Night Effect" with Bruce Lavine
Excess Returns
00:00
NFPL
NSPY seeks to duplicate the 75% of the return with 60% of the volatility. NFPL is 100% invested during the day, but then it leverages up the night by an extra 50%. And that one over time had about 325 basis points out performance against the SPY before T-costs and fees.
Transcript
Play full episode
