SNSN schreef op 7 oktober 2013 09:40:
Undervalued kpn is almost “risk-neutral” fund (beta=0.03) at ATL, which is NOT correlated with (overvalued) aex and other indices. Again, the probability of default is almost zero.
Thus, the downside risk is negligible, contrary to other aex funds.....
Such funds like kpn become even more attractive at high market volatility and increased downsides risks for indices.