spaines

Visión de mercado

Multiple expansion may put value investing back in favor
Multiple expansion may put value investing back in favor
The nature of 2019’s stock market gains bodes well for a return to value investing this year, Boston Partners’ senior managers believe.
04-02-2020 | Visión
Good shepherds do not succumb to herding behavior
Good shepherds do not succumb to herding behavior
Thought crowds were wise?
19-06-2019 | From the field
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
The characteristics of factor investing
The characteristics of factor investing
To make the most of factor investing, understanding how factors work and interact is key.
14-06-2019 | Investigación
Were markets efficient, past prices should not tell anything about the future
Were markets efficient, past prices should not tell anything about the future
What exactly drives factor premiums?
12-06-2019 | Visión
Crash testing the Fama-French factor model in emerging stock markets
Crash testing the Fama-French factor model in emerging stock markets
Factor investing works in emerging stock markets, as well as in developed markets.
10-12-2018 | Investigación
Size and Value in China
Size and Value in China
Factor investing in A-share markets?
06-12-2018 | From the field
 ‘We want to learn from centuries of investment history’
‘We want to learn from centuries of investment history’
Rules-based investing can be very transparent.
23-11-2018 | Visión
Breaking away from market-cap weighting is really important
Breaking away from market-cap weighting is really important
Mebane – or ‘Meb’ as he is known – Faber is co-founder and chief investment officer of Cambria Investment Management.
19-11-2018 | Entrevista
Using crowdsourced employer reviews to select stocks
Using crowdsourced employer reviews to select stocks
Can crowdsourced data help investors take better decisions?
28-09-2018 | From the field
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 3-factor model by adding two factors.
15-09-2018 | Visión
Alcance sus objetivos de inversión empleando factores: reducir costes
Alcance sus objetivos de inversión empleando factores: reducir costes
Las estrategias que utilizan factores ayudan a los inversores a reducir los costes de gestión.
03-09-2018 | Visión
Selecting managers based on their past performance
Selecting managers based on their past performance
Is past performance of any use for investors?
28-08-2018 | From the field
The value of visibility
The value of visibility
This paper analyzes the relation between firm visibility and stock returns.
04-07-2018 | From the field
Alcance sus objetivos de inversión empleando factores: mejorar la diversificación
Alcance sus objetivos de inversión empleando factores: mejorar la diversificación
Las estrategias que utilizan factores ayudan a los inversores a construir carteras mejor diversificadas.
28-06-2018 | Visión
Un enfoque inteligente que combina factores cuantitativos y sostenibilidad
Un enfoque inteligente que combina factores cuantitativos y sostenibilidad
Las estrategias de renta variable basadas en factores pueden ayudar a los inversores a alcanzar sus objetivos de sostenibilidad, y presentan además mejores características riesgo/rentabilidad.
12-06-2018 | Visión
The misguided beliefs of financial advisors
The misguided beliefs of financial advisors
Financial advice for private investors has been criticized to be costly or of low quality.
06-06-2018 | From the field
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
Factor investing is here to stay
Factor investing is here to stay
Factor investing has strong empirical backing and will not fade away.
28-05-2018 | Entrevista
Alcance sus objetivos de inversión empleando factores: Mejorar la rentabilidad
Alcance sus objetivos de inversión empleando factores: Mejorar la rentabilidad
Las estrategias basadas en factores pueden mejorar la rentabilidad a largo plazo.
28-05-2018 | Visión
Transitioning from procyclical to countercyclical behavior
Transitioning from procyclical to countercyclical behavior
Are large institutional investors pro- or countercyclical?
02-05-2018 | From the field
Failing to capture factor premiums because of poor timing
Failing to capture factor premiums because of poor timing
Looking for an explanation to the value effect?
04-04-2018 | From the field
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
Trading is an opportunity to capture alpha
Trading is an opportunity to capture alpha
Trading is often considered a necessary, but tedious and costly step of the investment process.
05-03-2018 | Visión
No place for Liquidity in our set of relevant equity factors
No place for Liquidity in our set of relevant equity factors
A number of academic studies suggest that illiquid stocks should outperform liquid stocks to compensate for higher risk.
28-02-2018 | Investigación
Why ETFs can be more expensive than you think
Why ETFs can be more expensive than you think
The recent rise of passive and smart beta strategies has resulted mainly from the success of ETFs.
24-01-2018 | From the field
Anomalies remain strong in international equity markets after publication
Anomalies remain strong in international equity markets after publication
One oft-heard concern on factor investing is that factors could be arbitraged away.
03-01-2018 | From the field
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
Academic research absolutely supports smart beta
Academic research absolutely supports smart beta
For over four decades, Burton Malkiel has advocated for broad passive exposure to financial markets.
11-12-2017 | Entrevista