Mark Harrison, CFA, looks at combining factors in multifactor portfolios and considers issues of performance measurement in factor investing, in the third installment of his Shortcuts to Factor Investing series.
In the latest installment of his Shortcuts to Factor Investing series, Mark Harrison, CFA, takes a deeper dive into equities and factor investing's wider applications to other asset classes, including fixed income.
If investors have the option to cheaply replicate their desired exposures to help solve their portfolio problems, then why shouldn't they? Mark Harrison, CFA, curates the latest insights on what is meant by smart beta and factor investing and how they differ.
I don't know about you, but I find that vacations — and by that I mean vacations that are largely free from the distraction and intrusion of email — offer a rare opportunity for reflection. It's always helpful to have some distance from the office or one's country of residence to get a fresh perspective.
So what do hamburgers and price per pound have to do with equity-oriented long-only smart beta products? A lot more than you think.
In the latest edition of Weekend Reads for Global Investors, Larry Cao, CFA, highlights articles on AlphaGo, a Chinese insurer's bid for Starwood, and the Brussels terrorist attacks, all developments that demonstrate how fast the world we live in is changing.
Conventional wisdom is quite often wrong and misapprehensions can easily prevail, cemented perhaps by groupthink tendencies intrinsic to peer-influenced media.
The low-yield environment has many investors seeking new sources of outperformance. One development has been the growth of so-called smart beta investments, a $400 billion ETF market with a strong flow of funds from both institutions and retail investors. But are such funds really “smart” and do they truly have the potential to boost performance?
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