Author: Justin Sibears (Page 1 of 10)
We build a systematic municipal bond portfolio. The portfolio uses four factors (low volatility, momentum, value, carry) across six municipal bond sectors.
Volatility-based exchanged-traded products can be combined in a systematic way to capture crisis alpha during market crashes.
Drivers of equity returns vary depending on the time horizon we study. The impact of valuation changes diminishes as the time period is increased.
Bull markets come in all shapes and sizes. We analyze historical market cycles on criteria such as duration, magnitude, velocity, and source of return.
Embracing conflict in asset allocation by using multiple approaches can help investors harvest the sizable benefits of process diversification.