Anatomy of a Bull Market: Follow-Up
Drivers of equity returns vary depending on the time horizon we study. The impact of valuation changes diminishes as the time period is increased.
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Anatomy of a Bull Market
Bull markets come in all shapes and sizes. We analyze historical market cycles on criteria such as duration, magnitude, velocity, and source of return.
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Capital Efficiency in Multi-factor Portfolios
Are integrated multi-factor portfolios more capital efficient than their mixed peers? In this blog post, we prove this statement for some broad assumptions.
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Is That Leverage in My Multi-Factor ETF?
The debate rages on between the best way to build a multi-factor portfolio: mixed or integrated? Are integrated portfolios are more capital efficient?
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Multi-Factor: Mix or Integrate?
Which approach to building a multi-factor portfolio is best: mixed or integrated? The time-varying nature of factor premiums may be the key determinant.
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Math Tests, Birthdays, O.J. Simpson, and Texas Sharpshooters
This blog post is available as a PDF here. Summary Humans are
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The State of Risk Management
How effective is your method of managing portfolio risk? We
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Indexed Annuity: Masking Risk, Not Destroying It
What is an Indexed Annuity? In recent conversations with current and
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What are Growth and Value?
Growth and value have intuitive definitions but can be quantified in many ways. A diversified approach can lead to more consistent performance over time
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Growth is not “not value”
This commentary is available as a PDF here. Summary Style boxes
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