White papers and reports by Northern Trust Asset Management
InvestmentNews presents the latest and most targeted thought leadership for the financial industry.
Slow growth expansion may continue for a while with low inflation and accommodative central banks, an environment which historically has produced excess returns for most factors. But what if things get more volatile than expected?
March 18, 2019
Contrary to popular perception, the value factor has outperformed over the last decade. That’s because there’s a difference between the value factor and value strategies. Director of Quantitative Strategies Michael Hunstad, Ph.D., explains.
March 18, 2019
Investors often face the challenge of understanding the risks and bets that are buried within their portfolios. Your assets may be diversified, but what about your risks?
February 25, 2019
With never ending headlines about sustainability and impact, you may be thinking more about the impact of your portfolio. Measuring impact isn’t easy – we take a look at how being impactful with your asset allocation might be even more instrumental than impact investing.
February 12, 2018
Global growth has outpaced expectations, creating a positive risk-taking environment. Find out what this could mean for portfolios in 2018.
January 09, 2018
Over the next five years we expect macroeconomic, market and monetary policy conditions to be aligned with strong factor performance. Here’s why.
December 19, 2017
How should investors combine various risk factors to achieve superior risk-adjusted returns? Our research shows combining risk factors can offer diversification benefits. However, how you combine these factors is critical to success. Northern Trust’s Global Equity team demonstrates how multi-factor intersection portfolios may provide superior results over portfolios that employ simple combinations.
November 21, 2016
For decades, investors have used tilts toward popular factors, such as value, size, or momentum, to improve the performance or risk characteristics of their equity portfolios. Northern Trust Asset Management examines the theory behind the effectiveness of factor exposures, their returns through time, and how factors can be combined to achieve more persistent excess returns.
October 25, 2016
The number of “smart beta” strategies has significantly increased in recent years as investors seek to capture excess returns from well-defined compensated risk factors such as size, value, and low volatility. These strategies often produce markedly different returns while nominally targeting the same factor. Our research shows this is the result of unintended exposures to uncompensated risk factors that, in the end, contribute to risk but not returns.
October 24, 2016
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