The Covid-19 pandemic has affected some sectors more than others. This impact was immediately reflected in changing exposures to three of the style factors in our fundamental multi-factor risk models.

Melissa Brown discusses how recent changes in the global risk environment have impacted active risk, and describes why some analytics managers may want to examine when deciding when and how ...

Investing in oil as part of a multi-asset strategy can be risky for two reasons: first, the oil price is very volatile, and, second, because it is usually strongly correlated ...

Mortgage REITs have been crushed by the coronavirus crisis, substantially underperforming the US equity market as a whole.

The notion that markets “climb a wall of worry” is a commonly held view in the investment world. Eventually, the concerns of those investors fade and they become risk-tolerant themselves.

In this post we investigate how a portfolio constructed to optimize exposure to the Beta style factor performed through the market crisis.

When clients invest in tax-managed investment strategies, their goal is to track the model portfolio, while harvesting as many losses as possible.

The recent decision by the Federal Reserve Bank to add high-yield funds to its asset-purchasing program triggered unprecedented flows into exchange-traded funds specializing in sub-investment grade securities.