Diversification, Volatility, and Surprising Alpha

Why do surprisingly simple, rules-based strategies outperform cap-weighted benchmarks? Intech offers a factor-free explanation that may challenge your thinking.

  • Are portfolio returns only made up of constituent returns?
  • How can volatility serve as an alpha source?
  • Are small cap stocks really compensated with higher returns?
  • Can diversification offer you more than risk management?

Savvy Investor recognized this paper among the Best Factor Investing Papers of 2018. Download it today!

Savvy Best Factor Investing Paper 2018-1

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