Monday is all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including an explanation for the low-vol anomaly.
Quote of the Day
"If you care about risk management, then you must explicitly consider it in your investment process. Alpha is not a risk management policy."
(Justin Sibears)
Research links
- The momentum effect remains effective in contrast with other factors. (gersteinfisher.com)
- How the size effect is affected by quality. (etf.com)
- Analysts flock to cover companies that outperform. (papers.ssrn.com)
- Why currency hedging hurts international diversification. (fortunefinancialadvisors.com)
- Too many funds in a 401(k) program creates confusion for participants. (wsj.com)
- Companies with women in the C-suite are more profitable. (qz.com)
