Factor Commentary

Why Factors Now?

01 fev 2016 / por Andrew Ang

Factor investing is more relevant today than ever, largely due to three trends.

Suppose an investor owns a number of stocks and bonds, which he looks to complement with commodities, REITs and high yield bonds. Sound like the beginnings of a reasonably diversified portfolio, right?

Perhaps not as much as you might think.

True portfolio diversification requires looking past the label of “asset class” to the underlying factors that ultimately drive returns. Today, ongoing volatility, rich valuations and high management fees mean that knowing what you own has never been more important.

  1. Investing is harder than ever
  2. Diversification has fallen short
  3. Investment management can be expensive

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Andrew Ang, PhD
Diretor administrativo e diretor de estratégias baseadas em fatores da BlackRock
Dr. Ang lidera a plataforma baseada em fatores da BlackRock, englobando o desenvolvimento de ofertas baseadas em fatores e os recursos de análise de fatores, e promovendo a pesquisa de investimentos e a sólida liderança da BlackRock nessa área.
Andrew Ang, PhD
Diretor administrativo e diretor de estratégias baseadas em fatores da BlackRock
Dr. Ang lidera a plataforma baseada em fatores da BlackRock, englobando o desenvolvimento de ofertas baseadas em fatores e os recursos de análise de fatores, e promovendo a pesquisa de investimentos e a sólida liderança da BlackRock nessa área.