Was Your Portfolio Betrayed by Beta?

An unusual shift in equity betas accompanied the market drawdown in March 2020. In this paper, we illustrate the dislocation and its implications:

  • How much equity beta instability did we see?
  • What happened to the distribution of equity beta?
  • How did it affect equity portfolios?

Equity investors had few places to hide in March 2020. Find out why.

March Mayhem Was Your Portfolio Betrayed by Beta

 

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