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Conservative investing stands the test of time
Conservative investing stands the test of time
Conservative investing (also termed defensive or low-risk investing) is all about winning by losing less.
23-05-2022 | Visión
Data sets – Volatility-sorted portfolios
Data sets – Volatility-sorted portfolios
This dataset file contains two volatility-sorted datasets going back to 1929 (last update: April 2022).
01-04-2022 | Data sets
The Formula: Maximum drawdown
The Formula: Maximum drawdown
Capital preservation and steady performance are important considerations in investing.
31-03-2022 | Visión
Fama-French 5-factor model: why more is not always better
Fama-French 5-factor model: why more is not always better
Fama and French have expanded their original three-factor model by adding two factors, namely investment and profitability.
10-03-2022 | Visión
Shrunk betas can fortify Low-risk portfolios
Shrunk betas can fortify Low-risk portfolios
Research shows that beta forecasts are improved by shrinking correlations more than relative volatilities.
17-02-2022 | Investigación
Risky CAPE: Is there an alternative?
Risky CAPE: Is there an alternative?
The prospect of rising real yields could accentuate the elevated nature of equity market valuations.
01-11-2021 | Visión
Inversión de baja volatilidad: ahora más que nunca
Inversión de baja volatilidad: ahora más que nunca
Las estrategias de baja volatilidad pueden adaptarse a los cambios en el entorno de inversión.
01-06-2021 | Visión
Tras una década “increíble”, ¿qué depara el futuro a las acciones de bajo riesgo?
Tras una década “increíble”, ¿qué depara el futuro a las acciones de bajo riesgo?
La década de 2010 a 2019 ha sido excepcional para los inversores en renta variable, en muchos sentidos.
05-03-2020 | Visión
Una nueva perspectiva sobre el efecto de la volatilidad
Una nueva perspectiva sobre el efecto de la volatilidad
A lo largo de la última década, el estilo de inversión de baja volatilidad ha ganado mucha popularidad.
06-01-2020 | Investigación
Strong hands needed to unlock the potential of factor investing
Strong hands needed to unlock the potential of factor investing
The average investor is not good at timing.
19-06-2019 | Visión
Guide to low volatility investing
Guide to low volatility investing
This new edition includes recent figures and a new section on income generation.
28-05-2019 | Visión
Si busca valores europeos defensivos, siga esta guía...
Si busca valores europeos defensivos, siga esta guía...
Las estrategias cuantitativas no tienen por qué ser agujeros negros para dar buenos resultados.
28-05-2019 | Visión
Alcance sus objetivos de inversión empleando factores: exposición a factores específicos
Alcance sus objetivos de inversión empleando factores: exposición a factores específicos
Las estrategias basadas en factores pueden ayudar a los inversores a dotarse de exposición a un factor en concreto.
25-10-2018 | Visión
Guía del Factor Investing en renta variable
Guía del Factor Investing en renta variable
El Factor Investing está teniendo un éxito considerable.
01-06-2018 | Visión
Fama-French 5-factor model: five major concerns
Fama-French 5-factor model: five major concerns
In 2015, Nobel prize laureate Eugene Fama and fellow researcher Kenneth French revamped their famous 3-factor model.
27-03-2018 | Investigación
Factor Investing: de la teoría a la práctica
Factor Investing: de la teoría a la práctica
¿Cuáles son los pasos esenciales que debería dar un inversor que quiera adoptar el Factor Investing?
20-03-2018 | Entrevista
Low turnover: a virtue of low volatility
Low turnover: a virtue of low volatility
Trading is necessary to follow an active strategy, but excessive trading is linked to human behavior.
24-01-2018 | Investigación
Next time, ask your fund manager what kind of car they drive
Next time, ask your fund manager what kind of car they drive
Tell me what car you drive and I will tell you who you are.
13-12-2017 | From the field
Perder dinero con la inversión pasiva
Perder dinero con la inversión pasiva
La inversión pasiva ha adquirido gran popularidad, pero también suscita importantes preocupaciones.
18-10-2017 | Columna
Mixed versus integrated multi-factor portfolios
Mixed versus integrated multi-factor portfolios
Many investors acknowledge the merits of factor investing but disagree on how to implement it.
12-10-2017 | Visión
Investment lessons from the racetrack
Investment lessons from the racetrack
Misperceptions matter.
11-10-2017 | From the field
Net alpha is not a measure of a manager’s skill
Net alpha is not a measure of a manager’s skill
Jules van Binsbergen is an expert on topics related to both asset pricing and corporate finance.
06-09-2017 | Entrevista
Five concerns with low volatility index ETFs
Five concerns with low volatility index ETFs
Equity investors have a choice between active low volatility managers and low volatility index ETFs.
27-06-2017 | Investigación
Factor investing challenges: underperforming the benchmark
Factor investing challenges: underperforming the benchmark
Factor based allocation has become increasingly popular in recent years.
31-05-2017 | Retos del Factor investing
Factor investing challenges: limiting turnover
Factor investing challenges: limiting turnover
Factor-based allocation has become increasingly popular in recent years.
05-05-2017 | Retos del Factor investing
Factor investing challenges: unintended sector biases
Factor investing challenges: unintended sector biases
Factor-based allocation has become increasingly popular in recent years.
31-03-2017 | Retos del Factor investing
Unintended factor biases
Unintended factor biases
Allocation to factors has become increasingly popular in recent years, but practical implementation remains a puzzle for many investors.
28-02-2017 | Retos del Factor investing
Is the relationship between risk and return positive or negative?
Is the relationship between risk and return positive or negative?
This paper challenges the earlier work of Fu (2009).
16-11-2016 | From the field
What is factor investing?
What is factor investing?
Although Factor Investing is rapidly gaining popularity, there are still ongoing debates about this concept.
15-09-2016 | Visión
The profitability of low volatility
The profitability of low volatility
Some people argue that the low risk anomaly can be explained by ‘profitability’, an example of a ‘quality’ factor.
08-09-2016 | Investigación