Insight

Persistence in Factor Investing

27 August 2018
Invesco Australian Equities
Persistence in Factor Investing

This paper explores the fundamental basis of stock pricing and returns, and makes the case that certain characteristics of stocks are key to understanding, and therefore forecasting, their long-term returns relative to other stocks. The paper recalls academic research that has isolated these key factors, and provides evidence that stocks with a preferable mix of factors will provide persistent excess-return over time. 

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