Scientific Beta

This webinar will address ERI Scientific Beta's improved forms of traditional defensive strategies and an Adaptive Defensive Solution through the use of smart factor indices, presented by Eric Shirbini, Global Product Specialist at ERI Scientific Beta, on Tuesday, 19 July, 2016 at 5.00pm CET / 11.00am EST.

The webinar entitled "Adaptive Defensive Solutions using Smart Beta Indices" will be held on Tuesday, 19 July, 2016 from 5.00-5.45pm Central European Time / 11.00am-11:45am Eastern Standard Time.

Investor interest in defensive equity strategies has grown tremendously in the wake of the global financial crisis and against the backdrop of renewed academic interest in the Low Volatility risk premium. 

However, investors often confound defensive strategies, which are designed to provide downside protection in bear markets (Efficient Minimum Volatility), with defensive strategies designed to harvest the reward from the Low Volatility risk factor. This confusion arises from the rampant marketing of defensive strategies as factor harvesting strategies (and vice versa), as well as from the shared risk characteristics of the two approaches. Yet, it is necessary to clearly distinguish between these two approaches in order to design improved forms of defensive strategies. 

Nevertheless, even improved forms of traditional defensive strategies will be subject to two limitations; being overly concentrated in only one risk factor and prolonged periods of underperformance relative to market cap-weighted indices in bull markets. These concerns can be addressed through the design of a defensive multi-factor strategy that adapts to varying market conditions. 

This webinar will address ERI Scientific Beta's improved forms of traditional defensive strategies and an Adaptive Defensive Solution through the use of smart factor indices. 

Topics to be covered include:

• Reviewing the theoretical foundation of the two types of traditional defensive strategies and gaining a better understanding of the problems with the way these strategies are implemented
• Improving the design of traditional defensive strategies using ERI Scientific Beta's Smart Beta 2.0 framework
• Designing an adaptive defensive solution that combines significant downside protection with excellent upside capture based on multiple sources of risk premia

The webinar will be hosted by Eric Shirbini, Global Product Specialist at ERI Scientific Beta.

Please note that participation in the webinar is by invitation only. To request an invitation, please contact Séverine Cibelly at severine.cibelly@scientificbeta.com or on +33 493 187 863, or visit the dedicated registration website. There is no charge for participating in the webinar.