To be sure, things are a little bit hectic here in the U.S. — headlines, rants, and Tweets still manage to shock the markets and year-to-date has been rough. So why not avert our gaze North of the border for a change…
Any good news up there? Wrong question.Getting tips from a newsfeed is risky. Continue reading “2017 Factor Alpha Newsletter
Based on our Factor Attribution Tool, we’ve seen size play a large contributing role to the 1st quarter’s performance, especially when staying within what we consider to be a “true” microcap space — that is, disallowing the portfolio to drift up the market cap scale into small caps. Continue reading “2017 Factor Alpha Newsletter
So far in 2017, investors saw how multi-factor exposure to Value — in concentrated portfolios — can be beneficial in the small cap space. This 1Q17 Small Cap edition of the Factor Alpha Newsletter (see also: All Stocks & Global Large Cap) compares our proprietary multi-factor themes to the Russell 2000® Value Index (R2000V).
Continue reading “2017 Factor Alpha Newsletter
This Global Large Cap edition of the Factor Alpha Newsletter (FAN) follows up on the 2016 All Stocks FAN. As before, we’ll use our proprietary multi-factor themes but with the MSCI’s All-Country World Index (MSCI ACWI) as a starting point. Continue reading “2016 Factor Alpha Newsletter
“Global Large Cap””
We focus on factors because of the reason behind why they work, not the performance. In any given year, one factor can do well or poorly, creating “noise” in the long-term process. This is why we blend factors together to build proprietary multi-factor themes. Singling out a factor for good/bad performance is not what we do — instead, we look for conceptual ideas that exhibit long-term efficacy.
Using the All Stocks Universe as a guide, this inaugural edition of the Factor Alpha Newsletter (FAN) offers a live-time snapshot of the past 12 months. Continue reading “2016 Factor Alpha Newsletter”