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KCP.KCP.

Chapter 02 · terrain focus

KCP transformation

Etfs, through The Ghost’s lens.

The evidence, mandate role and status of etfs inside The Ghost’s hypothetical learning system.

What changes a decision

01

DSE close

Observed evidence can update the risk map; it does not require an allocation change.

02

Published NAV

Observed evidence can update the risk map; it does not require an allocation change.

03

Vintage gap

Observed evidence can update the risk map; it does not require an allocation change.

04

Liquidity

Observed evidence can update the risk map; it does not require an allocation change.