The contest: factor-based or industry-based allocations?
Factor-investing has not yet won the right to be the endurable and dominating asset allocation method, according to new research.
Factor-investing has not yet won the right to be the endurable and dominating asset allocation method, according to new research.
There is a David-and-Goliath feeling to the battle Michael Johnson, a research fellow at the London-based think tank the Centre for Policy Studies, is waging against the pension industry. His research, which lays out the case for radically simplifying all aspects of the United Kingdom’s pension sector, has earned him a reputation as a maverick.
The rise of smart beta has just got another boost thanks to a study commissioned by Norway’s ministry of finance for its Government Pension Fund Global. It asked index provider MSCI to look into the feasibility of running smart beta strategies for large portfolios. Very few institutions with the size of GPFG’s $400-billion equity portfolio
Research