Style Research Blog
Differentiating Products Using a Factor Framework: presentation by Dr Peter Hopkins of Style ResearchMonday 24th April, 2017
Dr Peter Hopkins, COO of Style Research has been invited as an expert speaker at the AIMSE London Consultants Conference this month. The event is Tuesday, April 25th, 2017 at the Courthouse Hotel in London.
His session “Differentiating Products Using a Factor Framework” will cover:
- A brief history of factor investing and how it has evolved over the last several decades
- A look at popular factors and their recent behaviour across global equities
- A Case Study review focusing on a custom peer group of Large Cap Global managers, using a factor-based view of the market
- An examination of specific funds within this group, using a factor framework to highlight differentiations
Every month and quarter, Style Research produces an in-depth series of reports covering key equity factors. On April 11th, 2017, Style Research communicated our Q1 2017 Factor Performance Study via a heavily-attended, live webinar. Read More
BOSTON, MA – April 11th, 2017 – Style Research, an independent, global provider of portfolio style, risk and performance analytics, today released the results of their Q1 Factor Performance Study via live webinar. The study, which encompassed North America, Global, European and Emerging Markets, breaks down how various factors performed in Q1 2017.
Over the past few weeks we have been examining the opportunity to reveal deeper insights through analysis of independent, well-known factors. We are now armed with a clear understanding of how factors performed in the recent equities market. We have also determined which products within peer groups have benefitted most. So we’re well placed to dive deep into the details of a specific portfolio and factor exposure within that peer group. Ultimately, our objective is to obtain detailed insights as to the portfolio’s performance versus expectations given the recent market conditions.
Every month and quarter, Style Research publishes an in-depth series of reports in our Global Style Perspectives package. This is the summary of the report for March 2017.
In this installation of our series on the importance of consistent factor analysis, we dive into the Peer Group and Competitive perspective. In our previous entry, we introduced the notion of using well-known, approachable factors in assessing the recent market environment.
SETTING THE MARKET VIEW: A BETTER APPROACH…
In a previous post, we wrote about the challenges of crafting a transparent and objective performance story. Today we focus on setting the Market perspective, often the first step in that process. Recent market performance is the foundation for any portfolio conversation, but setting the right tone and expectation for clients is the key to building a clear and trusted performance story.
As Q1-2017 draws to a close, the investment community is preparing for the upcoming performance review season. During these investment performance reviews, investors are seeking objective and comprehensible stories that ultimately serve to either shake or strengthen their investment manager relationships. However, performance reviews are not solely about measuring performance to the third basis point. Investors are also incorporating context and perspectives about what has happened in various geographic markets and how that led to specific classes or peer groups having outperformed. Performance review season is ultimately about creating, delivering and gaining confidence around a story. It is a complex process and, unfortunately, today there exists a widespread problem.
Every month and quarter, Style Research publishes an in-depth series of reports in our Global Style Perspectives package. This is the summary of the report for February 2017.
Analysts delve deep into portfolio holdings to see what drives performance
Value roared back into favor last year, so it’s not surprising that the John Hancock Classic Value fund also delivered a strong performance. Read the Citywire article, including independent analysis and charts from Bernie Nelson of Style Research.