Factor investing has become commonplace in the world of investment management ever since Eugene Fama and Kenneth French published their three-factor asset pricing model three decades ago. Since then, a lot of dedicated work has gone into uncovering new factors and sources of excess return unexplained by the factors that came before them, launching a…

In the wake of an entertaining FIFA World Cup, many of us may be reeling in our recollections of the wide variety of memorable upsets that took place. Whether it be the Saudi Arabia team starting their tournament with a victory over eventual champions Argentina, or the Moroccan team knocking out Spain, the tournament was…

As we reflect on 2022, most investors will agree that it was challenging year. However, we can also take a prospective view that the challenges of 2022 have provided a much healthier opportunity set for investors looking into 2023 and beyond. For equity investors, depending on the strategy, most diversified indices saw losses that clustered…