Traditional ETFs and funds have structural limitations that can reduce the effectiveness of strategic decisions in fast-moving markets.

One of the main issues is operational rigidity: ETFs, by nature, passively replicate an index with no ability to adapt, while even actively managed funds often face strategic constraints that limit their responsiveness. The result is an inability to react quickly to unexpected market events.

Another critical weakness is the slow adaptation to trends.

Both ETFs and funds may remain exposed to a sector even during periods of decline, leaving users tied to contracting segments.

On top of this, ETFs are by definition unable to generate alpha, delivering only beta, while many funds end up mirroring their benchmark to avoid deviating too far from it.

This significantly limits the potential for outperformance.

Control is another key concern.

By entrusting capital to third parties, visibility into operational decisions is reduced and flexibility is lost.

Active Thematic Frameworks (ATFs) are designed to address these issues.

They offer operational flexibility through dynamic, asset-specific strategic recommendations based on market trends and volumes.

They stand out for their continuous adaptation driven by constant analysis of market conditions to suggest timely modifications and optimizations.

The objective is clear: identify optimal entry and exit points to generate alpha rather than simply replicate a benchmark. All of this while maintaining a core principle: full control for the investor.

Ownership and decision-making remain entirely in the Client’s hands, with strategic support provided without operational delegation, ensuring maximum transparency at every stage.