Factor Investing, new way of investing

Wanneer:

4 februari 2014,12:30 uur

- 13:45 uur

Type activiteit:Lezing

Organisator: Bedrijfskunde

Omschrijving

Factor Investing: the new way of investing.

The asset management industry is shifting to a new paradigm. Currently, several large institutions modify their strategic allocations by changing from a traditional asset allocation approach based on regions towards a ‘factor allocation’ approach. While a traditional allocation approach may have worked in the stable and exceptionally good period of the 1990s, the last years have shown its weaknesses. The burst of the tech bubble, the recent financial crisis and the European debt crisis have made clear diversification has failed since virtually all asset classes moved in the same, downward, direction.

This lecture will touch upon different ‘factors’ shown to have a premium. Examples of such factors are stocks that have become ‘cheap’ outperform stocks that are ‘expensive’; or stocks that did well over the past year tend to outperform the past ‘losers’ over the coming period as well. These and other insights will be used to build an efficient equity portfolio aimed at achieving the highest returns at acceptable levels of risk.

Robeco is an asset manager founded in 1929. As of ultimo September 2013, the assets under management totaled €197 billion. Since 1994 our specialists from Robeco Quantitative Research have been successfully running rules-based portfolios. Our proprietary models leverage in-house research to exploit market inefficiencies in equitioes and fixed income markets. Research by our in-house experts is the cornerstone of our investment processes.

Spreker(s)

Simon Lansdorp, Researcher at Robeco’s Quantitative Research department.
His areas of expertise include mutual funds and stock selection research. Simon joined Robeco in 2009. He holds a MSc in Economics and a PhD in Finance, both from the Erasmus University Rotterdam.