Is there a cost to sustainability?
Measuring the factor exposures of ESG and low-carbon investing in equities The rewards of being socially responsible Blending an ESG […]
Measuring the factor exposures of ESG and low-carbon investing in equities The rewards of being socially responsible Blending an ESG […]
Just as it can be irritating to hear someone say “things used to be better than they are now”, it […]
The market in US large-cap equities is the most liquid and competitive one among equity markets in developed countries. I […]
The history of modern day asset management arguably begins with the finding that bonds are actually not the only way […]
Absolute return is seen as the holy grail of asset management: pure performance without market risk. Theoretically, any source of […]
‘Quantamental’ is a relatively new portmanteau word in asset management lingo. Its creation is indicative of a trend in our […]
The momentum factor is the tendancy for stocks to show persistence in performance. In financial markets it can be thought […]
For some years now, ‘factor investing and smart beta’ has been the hot topic in the financial media. While saturation […]
US large-cap equities constitute the most liquid and competitive segment among developed equity markets. I often meet investors who believe […]
Please note that this article may contain technical language. For this reason, it is not recommended to readers without professional […]
Trying to predict the result of rolling a single dice is notoriously difficult, but predicting the average result from 1 […]
Adding a constraint to any investment management process can only reduce its efficacy. However, investors often have explicit or implicit […]
Factor investing is popular. As frequently happens when the consensus advocates a particular approach to investing and it becomes part […]
Following a series of posts discussing factor investing with a focus on premiums derived from exposures to the value, quality, […]
Factors have been around for quite some time. Most were discovered decades ago and were applied in investment strategies both […]
Robert Haugen, who discovered the low-volatility anomaly in 1972, wrote numerous articles and books to try to popularise what he […]
Momentum is unloved: being a good follower is rarely seen as a strength, and few asset managers would brag about […]
Quality is positive: it is about good companies that are efficient at managing their businesses profitably, creating shareholder value and […]