…CFA Institute of successful investment firms, which found the following factors to be essential: Commitment from the Senior Team Proper diagnosis of the existing and preferred culture, resulting in a…
Search Results for: factor
Watch Out if Bond Yields Rise in this Tech Heavy Market
…are performing well. The added factor of low bond yields, it says, makes the group even more susceptible should yields rise. The importance of this dynamic now, the article notes,…
A Robot Bought Amazon When Trying to Fix Value Investing
A South Korean money manager said its artificial intelligence-augmented value strategy would return 13% annually and “revive” the value factor. But a recent Bloomberg article says that value traditionalists “will…
Dollar’s Fall Just Starting, Says Pimco
…a battered economy.” Stephan Chang, a Pimco portfolio manager in Hong Kong, is quoted: “An important factor to watch is whether a phase four fiscal stimulus package will be passed…
The Different Shades of Active Management
…those factors results in some deviation from a true market portfolio. The size requirement eliminates about 15%-20% of total US market cap. The profitability requirement has kept firms like Tesla…
The Pros and Cons of Direct Indexing
…that turnover is used to harvest losses. When you start adding factors like value and momentum, though, things get more complicated. These factors require turnover to work. But that turnover…
Excess Returns, Ep. 32: Is the Price/Book Ratio Dead?
…other ratio that is referenced more often. There is also no ratio that is used more by systematic value funds. But the rise on intangible assets and other factors have…
The Danger of Learning From Your Mistakes
…Even over decade long periods, luck can still play a major role. Every major investing factor has had 10+ year periods where it hasn’t worked. As a result of the…
Excess Returns, Ep. 31: Can You Quantify Warren Buffett?
…go through books and academic papers to find factor-based models with results to back them up. We are going to periodically do some episodes for the podcast where we do…
The “Value” Phoenix May Rise
…premium is gone”: Factors have been diversifiers: According to the article, “much as investors diversify across stocks and bonds, they may want to consider having exposures across multiple factors, to…