201803
Monday
Historical tests of various asset pricing models, especially the CAPM, have given rise to an abundance of well-documented, anomalously priced characteristics in the cross section of stock returns. |
JUGEMテーマ:資産運用
201803
Monday
Executive Summary Factor investing promises outperformance at low cost. But to add value in a portfolio, it must deliver positive risk-adjusted returns and with low correlation to existing holdings. Historically, pure factor exposures have earned … |
JUGEMテーマ:資産運用
201803
Monday
201803
Monday