Michele Aghassi, Cliff Asness, Charles Fattouche, Tobias J. Moskowitz
{"title":"Practical Applications of Fact, Fiction, and Factor Investing","authors":"Michele Aghassi, Cliff Asness, Charles Fattouche, Tobias J. Moskowitz","doi":"10.3905/pa.2023.pa580","DOIUrl":null,"url":null,"abstract":"In <ext-link><bold><italic>Fact, Fiction, and Factor Investing</italic></bold></ext-link> from the January 2023 issue of <bold><italic>The Journal of Portfolio Management</italic></bold>, authors <bold>Michele Aghassi</bold>, <bold>Cliff Asness</bold>, <bold>Charles Fattouche</bold>, and <bold>Tobias Moskowitz</bold> of <bold>AQR Capital</bold> assess the validity and veracity of 10 claims about factor investing. They conclude that five are fact and five are fiction. Ultimately, the authors argue that while factor investment strategies entail inherent risks, they are profitable long-term strategies, and provide valuable diversification that is not dependent on market conditions or macroeconomic environments.","PeriodicalId":500434,"journal":{"name":"Practical applications of institutional investor journals","volume":"1 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2023-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Practical applications of institutional investor journals","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.3905/pa.2023.pa580","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
In Fact, Fiction, and Factor Investing from the January 2023 issue of The Journal of Portfolio Management, authors Michele Aghassi, Cliff Asness, Charles Fattouche, and Tobias Moskowitz of AQR Capital assess the validity and veracity of 10 claims about factor investing. They conclude that five are fact and five are fiction. Ultimately, the authors argue that while factor investment strategies entail inherent risks, they are profitable long-term strategies, and provide valuable diversification that is not dependent on market conditions or macroeconomic environments.
求助内容：
应助结果提醒方式：
京公网安备 11010802042870号
