Style Research Blog
Monthly Style Summary to End November 2013
As equity market gains moderated during November, Style patterns became more difficult to detect and, where discernible, inconsistent across major market regions. But even though broad Style categories show mixed patterns, within the basic Styles, individual factor rewards give indications of market sentiment. Momentum and Beta are providing positive relative performance but, more importantly so is Forecast Earnings Growth.
Chilly climate for ESG investing
“O God, make me good, but not yet,” wrote Evelyn Waugh in Brideshead Revisited. Proponents of environmental, social and corporate governance-related investing have long argued there is an economic benefit to sustainability. But finding empirical evidence to support the notion is far from straightforward.