11 October 2016 / Anthony Lawler, Adam Glinsman
Is your diversified portfolio a single factor bet?
Investors in equities and bonds have been
nicely rewarded since the Global Financial
Crisis (GFC) as both asset classes have
rallied substantially since. It has been a
great dual beta trade. But fundamental
investors searching for value opportunities
have, by and large, struggled to outperform
since 2010. Why is that so, and are these
two points related?