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Visión de mercado

When equity factors drop their shorts
When equity factors drop their shorts
How can you best construct an equity market neutral portfolio using a factor-investing approach?
01-02-2021 | Visión
Settling the Size matter in equities
Settling the Size matter in equities
The equity Size premium has failed to materialize since its discovery, almost forty years ago.
23-09-2020 | Investigación
Factor investing debates: Should sustainability be considered a factor?
Factor investing debates: Should sustainability be considered a factor?
Factor investing and sustainability can make a good combination.
20-07-2020 | Visión
Cómo orientarse en el “zoo de los factores”
Cómo orientarse en el “zoo de los factores”
El número de factores identificados en la literatura académica se ha disparado.
27-03-2020 | Investigación
Is shared analyst coverage the source of all spillover effects?
Is shared analyst coverage the source of all spillover effects?
A wide range of spillover effects has been documented in the academic literature.
22-01-2020 | From the field
Debates sobre Factor Investing: ¿Existen problemas de capacidad?
Debates sobre Factor Investing: ¿Existen problemas de capacidad?
Aunque las primas de factores tienden a ser persistentes, aprovecharlas de manera constante y eficiente no es tarea fácil.
30-12-2019 | Visión
Factor investing debates: Could factor premiums disappear?
Factor investing debates: Could factor premiums disappear?
With the increasing adoption of factor investing, one frequently heard criticism is that factor premiums may end up being arbitraged away.
28-11-2019 | Visión
Innovation is a crucial way to strengthen our quant offering
Innovation is a crucial way to strengthen our quant offering
Is the emergence of alternative data and artificial intelligence a game changer for quant investors?
25-11-2019 | Visión
Los Essentials del Factor Investing
Los Essentials del Factor Investing
Presentamos nuestra nueva herramienta didáctica sobre el Factor Investing.
12-09-2019 | Visión
Factor investors should be patient and brave
Factor investors should be patient and brave
What’s best, quantitative or fundamental?
05-09-2019 | Entrevista
Alcance sus objetivos de inversión empleando factores: Reducir el riesgo
Alcance sus objetivos de inversión empleando factores: Reducir el riesgo
Las estrategias basadas en factores pueden ayudar a reducir el posible riesgo a la baja.
25-04-2018 | Visión
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
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
Factor investing also works with Chinese A-shares
Factor investing also works with Chinese A-shares
Many characteristics set A-shares apart from other equities.
24-08-2017 | Entrevista
Factor investing: limited overcrowding risk
Factor investing: limited overcrowding risk
A key concern often voiced by factor investing and smart beta sceptics is the possible risk of overcrowding.
03-07-2017 | Investigación
Factor investing challenges: determining how much to allocate
Factor investing challenges: determining how much to allocate
Factor-based strategies have become increasingly popular in recent years.
30-06-2017 | Retos del Factor investing
La combinación de paciencia y una elevada cuota activa no es frecuente en la gestión patrimonial
La combinación de paciencia y una elevada cuota activa no es frecuente en la gestión patrimonial
Martijn Cremers es profesor de Finanzas en la Universidad de Notre Dame, en Estados Unidos, donde imparte clases sobre inversión y gobierno corporativo a alumnos de grado y de MBA.
19-06-2017 | Entrevista
Ten misconceptions about smart beta investing
Ten misconceptions about smart beta investing
This paper* attempts to debunk no fewer than ten myths about smart beta.
07-06-2017 | From the field
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
Decomposing fundamental indexation?
Decomposing fundamental indexation?
Previous studies have shown that the value added by fundamental indexation strategies is entirely driven by their implicit exposure to the classic value premium.
22-03-2017 | From the field
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
The case against the size premium
The case against the size premium
This Research Affiliates research note argues that the size premium does not exist.
14-12-2016 | From the field
The Dark Side of Passive Investing
The Dark Side of Passive Investing
Passive investing ranks among the most successful innovations of modern finance.
15-11-2014 | Investigación
How factor investing fits into active vs passive
How factor investing fits into active vs passive
Why factor investing makes sense.
19-09-2014 | Vídeo
‘There are clear benefits in combining separate quant and fundamental strategies’
‘There are clear benefits in combining separate quant and fundamental strategies’
APG states that combining separate quantitative and fundamental strategies has clear benefits.
27-06-2014 | Visión