Scientific Beta

This webinar on the theme "The Limitations of Pure Factor Investing" will be presented by Felix Goltz, Head of Applied Research, EDHEC-Risk Institute and Research Director, ERI Scientific Beta on Tuesday, 19 April, 2016 at 5pm CET / 11am EST.

Diversified Factors or Concentrated Factor Tilts?

The webinar on the theme "The Limitations of Pure Factor Investing" will be taking place on Tuesday, 19 April, 2016 at 5pm Central European Time (11am Eastern Standard Time).

In a new research paper published in the Winter 2016 issue of the Journal of Portfolio Management, entitled "Diversified or Concentrated Factor Tilts?", ERI Scientific Beta has highlighted the limitations of purely factor-driven approaches that aim to concentrate portfolios in a small number of stocks that are highly exposed to one or more risk factors, in order to obtain, over the long term, the best possible return associated with these risk factors. Since it neglects diversification of specific risk, this factor concentration approach exposes the investor to high idiosyncratic volatility and ultimately delivers risk-adjusted performance that is inferior to that of well-diversified factor or multi-factor indices. 

The webinar will be hosted by Felix Goltz, Head of Applied Research, EDHEC-Risk Institute and Research Director, 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.