Scientific Beta

While the popularity of factor investing in Developed Markets is very strong and investors recognise their importance to generate long-term outperformance, this is not necessarily the case in Emerging Markets, where investors tend to prefer active strategies based on concentrated portfolios. In this webinar, we demonstrate that factor investing can be effectively applied to Emerging Markets.

 

Overview

While the popularity of factor investing in Developed Markets is very strong and investors recognise their importance to generate long-term outperformance, this is not necessarily the case in Emerging Markets, where investors tend to prefer active strategies based on concentrated portfolios.

In this webinar, we demonstrate that factor investing can be effectively applied to Emerging Markets.

In the first part, we first review the academic evidence supporting factor investing in Emerging Markets. We show which are the main factors driving stocks' returns in Emerging Markets and then analyse how their long-term premium is affected by either crowding effects or transaction costs.

In the second part of the webinar, we review the performance of Scientific Beta Emerging multi-factor strategies over the recent years and highlight the most important ingredients to construct robust systematic factor strategies in Emerging Markets.

Topics covered include:

• Which factors drive Emerging Markets returns?
• What is the role of the size factor in Emerging Markets?
• How robust are factor premia in Emerging Markets to crowding effects and investability hurdles?
• Importance of macro consistency in the design of Emerging Markets factor strategies
• Review of recent outperformance of Scientific Beta multi-factor indices in Emerging Markets

Hosts

Felix Goltz, PhD, is Research Director at Scientific Beta and associate researcher at EDHEC Business School. He has been with Scientific Beta since inception. He carries out research in empirical finance and asset allocation, with a focus on alternative investments and indexing strategies. His work has appeared in various international academic and practitioner journals and handbooks, including the Journal of Portfolio Management, the Financial Analysts Journal, the Journal of Index Investing, the Journal of Investment Management and the Handbook of Finance (Wiley). He obtained an MSc and a PhD in finance from the University of Nice Sophia-Antipolis after studying economics and business administration at the University of Bayreuth and EDHEC Business School.

Joseph (Joe) Simonian, Ph.D. is Senior Investment Strategist at Scientific Beta North America. Before joining Scientific Beta, Joe was Founder and CIO of Autonomous Investment Technologies LLC. Over the last 15 years, he has held senior portfolio management and research positions with several asset management firms. Joe is a noted contributor to leading finance journals and is also a prominent speaker at investment events worldwide. He holds a Ph.D. from the University of California, Santa Barbara; an M.A. from Columbia University; and a B.A. from the University of California, Los Angeles.

Date/Time

Tuesday, September 12, 2023 at 4pm CEST / 3pm BST / 10am EDT.