The concept of factor investing emerged at the end of the 2000s and has completely changed the landscape of equity investing. Today, institutional investors structure their strategic asset allocation around five risk factors: size, value, low beta, momentum and quality.
David Laibson discusses his findings on what types of strategies work best to encourage investors to exert selfcontrol, whether it may be saving more for retirement or resisting the impulse to sell into a falling market.
FTSE Fixed Income Factor Research Series As a well-known concept to practitioners and academics, carry has been leveraged in the currency markets for decades. With the understanding of such FX carry trades becoming established, recent academic publications have explored this
195 landen ondertekenden in 2015 het Klimaatakkoord van Parijs. Maar in 2018 tekenden slechts 20 staats- en regeringsleiders present op de COP 24. Klimaatverandering was naar verluidt slechts een theorie, maar kijk maar eens naar het weerbericht op tv. Verzekeringsmaatschappijen
In this article, we investigate the current bottom-up attractiveness of European sectors and countries and provide a few examples to illustrate how we are able to find attractive low-risk, high-income stocks with positive momentum across the whole European equity market
Nicolas Simar beheert het NN (L) Euro High Dividend al sinds de oprichting in 1999. Hij heeft het fonds door de internetzeepbel, de Europese schuldencrisis en onconventioneel monetair beleid geleid. Het fonds bleef trouw aan haar eigen beleggingsstijl in de
With stock markets fueled by extraordinary central bank intervention in the wake of the Global Financial Crisis, passive equity strategies have seen great success in terms of performance, fund flows and press coverage. Often overlooked in the haste to declare
The notion that buying cheaply protects value when markets fall can get lost in long bull markets. That's not an issue for Nigel Waller and Andrew Goodwin.
How best meet your clients’ investment objectives Many of the multi-asset funds available today from different asset managers define their portfolios not by risk ranges, but by underlying asset exposures. While this gives the manager flexibility to reposition their portfolios,
Alpha Research, asset allocatie & fund selection & OpinioPro (professional investment publications databank) organiseerden een kennis event over Factor Beleggen & Smart Beta: active of passive met resultaten van haar analyse van Factor Investing publicaties van grote vermogensbeheerders en 381
Alpha Research, asset allocatie & fund selection & OpinioPro (professional investment publications databank) organiseerden een kennis event over Factor Beleggen & Smart Beta: active of passive met resultaten van haar analyse van Factor Investing publicaties van grote vermogensbeheerders en 381
James Clunie – Jupiter Asset Management Over the past five years to year-end 2018, Jupiter’s Absolute Return strategy has been a worthwhile portfolio diversifier: it has generated a positive return, with negative correlation to the MSCI World Index, and has
Introduction Factor investing is increasingly in vogue with estimates of passive assets tracking such strategies reaching US$729bn [1], [2]. This popularity has led investors, academics and practitioners to question the extent to which factor premiums may have been arbitraged away
ESG For the Kempen Dividend team, Environmental, Social and Governance (ESG) criteria are an integral part of the investment process. Their unique methodology makes sure that they take all aspects of a company’s ESG risks and opportunities into account when
Multi-Factor Strategies A “factor” is a generic label for company and stock price characteristics that provide the common sources of return across a broad universe of equity securities. For example, the value factor includes stocks that are inexpensive relative to
Viewpoint11 For credit investors, the equity market can be an important source of information about growth expectations, and at times can serve as a leading indicator. However, recent developments in some defensive sectors – traditionally favored by equity and credit
What Opportunity Zone Investors (And Observers) Should Consider Today As an investor, you want to anticipate all the risks, pitfalls and ranges of outcomes before you put money to work. Qualified opportunity zones continue to make headlines and do present
What is value The foundational lessons of Graham and Dodd provide a recipe for market participants to look at stocks based on a valuation framework and to understand the relative cheapness of stocks. This framework has been used throughout the
A Practical Framework for Identifying the ESG Strategy That Is Right for You According to a survey of 475 institutional investors titled “Performing for the Future,” more than half of institutions that have adopted environmental, social and governance (ESG) investing
Themes from the quarterly Quantitative Beta Research Summit The factors that we favor were mixed amid a turbulent quarter that saw a wide range of markets fall sharply and end the year in negative territory. A slowdown in economic activity
One of the most powerful biases that drives stock behavior is also one of the most difficult to capture — investors’ tendency to overpay for stocks that have the possibility (however remote) of a very large payoff. In statistical terms,
Long-term value creation Our analysis of the current state of affairs in ESG integration in sovereign portfolios covered three topics: the existing academic and industry research, the data and scores provided by specialised vendors, and the inclusion of ESG in
The NOVUS 4C Indices Hedge funds express conviction in companies they hold by sizing them up in their portfolios. Does hedge fund conviction play a role in the future performance of stocks? Evidence shows that it does. If a stock
Transitiethema’s voor een duurzame toekomst Triodos Investment Management wil bijdragen als katalysator voor de transitie naar een evenwichtige economie waarin natuurlijk en menselijk kapitaal echt naar waarde worden geschat. Om dit te bereiken beleggen wij uitsluitend in ondernemingen die via
So what is decarbonisation – that odd, but strangely attractive-sounding word? Decarbonisation refers to action taken to reduce the carbon intensity, and carbon dioxide (CO₂) emissions in particular, of an economy. As an integral part of the energy transition, decarbonisation
