Serial dependence in returns impacts optimal portfolio allocations, challenging the IID assumption in traditional portfolio construction methods like mean variance optimization. Over longer investment ...

Factor investing involves buying stocks with certain characteristics, including value, momentum, size, low volatility and quality in an attempt to find winning stocks. Factor investing is an ...

Factor investing is one of the rare approaches that stands up to the test of time. Factor strategies build portfolios of stocks that are united by their exposure to one of a few well-vetted risk ...