About LINC
Founded in 1991, LINC quickly became the primary organization for students interested in finance at Lund University. Through career guidance, practical training, events and field trips, LINC aims to support...
Research & Analysis Reports
Read our latest published reports here
Portfolio Optimization and Shrinkage
In this project, supervised by AP3, analysts Alexander Nilsson, Peder Persson, and Samuel Eriksson investigate whether Mean-Variance Optimization (MVO) can be enhanced by shrinking the off-diagonal elements of the covariance matrix. Utilizing a 20-year dataset, they backtest models incorporating spectral filtering and shrinkage techniques to assess the robustness and practical feasibility of the optimization process.
Read more "Portfolio Optimization and Shrinkage"
Intraday SEK Dynamics
In this project, supervised by SEB, analysts Ludvig Cederlund, Sofie Melander and Malcolm Cederbaum investigate how the EUR/SEK exchange rate can be predicted using market data along with proprietary trade data from SEB. Utilizing the XGBoost model, they work on a 10-minute frequency to perform binary classification of short-term price direction.
Read more "Intraday SEK Dynamics"
Regime-Dependent Macro Exposures in Emerging Market Bond ETFs
In this project, supervised by OQAM, analysts Vilhelm Hilding, Jacob Fransson and Dag Vallien investigate how global macro conditions drive the returns of two emerging market bond ETFs: EMB (USD-denominated) and EMLC (local-currency). Using a rolling linear factor model, they estimate time-varying exposures to equity markets, US dollar strength, interest rates, credit sentiment, commodities, and volatility across a 10-year period.
Read more "Regime-Dependent Macro Exposures in Emerging Market Bond ETFs"
