Research Topics Archive

The Dislocation of Dividend Yield

Wednesday 18th July, 2012

We are often asked why we group the factors the way we do  (especially on the Growth side of things).  The Style Research Markets Analyzer service has data going back more than thirty years, but for this example we show the factor correlations over the last decade, and in particular how they have changed over the last couple of years.

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Author: admin | Categories: Research Topics

Style Performance Focus – Global Equities – Q1 2012

Monday 23rd April, 2012

The Global Equity region performed strongly in Q1 2012, recovering almost all losses from 2011. Against this backdrop, and with much of the market sentiment seemingly driven by “risk on, risk off” type considerations, it was not surprising that High Beta stocks outperformed the market in Q1 2012. This was a partial reversal of the very strong underperformance of High Beta stocks in 2011.  In addition, High Momentum stocks underperformed in the first quarter.

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Author: admin | Categories: Research Topics

Style versus Sector Investing in Asia Pacific ex Japan

Friday 23rd March, 2012

Executive Summary

  • Investing in Asia Pacific ex Japan according to Styles can deliver strong positive excess returns and very persuasive information ratios.
  • In the region, Style Investing offers generally higher information ratios than Sector investing.
  • The choice of Styles is important, but quite intuitive.
    • Investing in Value and Quality yields strong outperformance;
    • Growth delivers positive relative returns for  forward-looking Growth attributes; and,
    • Small Cap, Low Beta and High Momentum also outperform.

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Author: Larry | Categories: Blog, Research Topics

A Brief Look into the UK Income Sector

Wednesday 7th March, 2012

Executive Summary

  • Strong performance for peer group as a whole with large variations between individual managers
  • Making the right sector bets was key to good performance during 2011, stock picking more problematic
  • High degree of stock concentration and correlation between funds, but diversification can be found

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Author: Andrea | Categories: Research Topics

Carbon Footprint Investing – It still pays to have a conscience, but you need to be selective – particularly over the shorter term

Wednesday 14th December, 2011

Research conducted in the middle of 2011 revealed some peculiar, if not awkward, truths about the success of investing in companies with low Carbon Footprints.  We thought it was now a good time to re-examine the results. Read more »

Author: Robert | Categories: Research Topics

Carbon Footprint Investing – Investing in Clean Sectors; Investing in Dirty Sectors

Saturday 30th July, 2011

Investing in clean companies with low Carbon Footprints again looks promising.  But you have to be careful how you do the assessments; and you have to be careful where you follow your conscience.

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Author: Robert | Categories: Research Topics