Alexander Swade,Harald Lohre,Mark Shackleton,Sandra Nolte,Scott Hixon,Jay Raol
{"title":"宏观因素投资风格","authors":"Alexander Swade,Harald Lohre,Mark Shackleton,Sandra Nolte,Scott Hixon,Jay Raol","doi":"10.3905/jpm.2021.1.306","DOIUrl":null,"url":null,"abstract":"Investors face similar macroeconomic risks and opportunities regardless of their individual investment preferences. To best navigate growth and inflation concerns, the authors propose building macro factor–mimicking portfolios diversified across asset classes and style factors. They focus on the macro factors growth, inflation, and defensive. Their approach allows for shaping the macroeconomic risk exposure of a given portfolio by applying systematic macro factor completion to effectively address specific economic outcomes.","PeriodicalId":501547,"journal":{"name":"The Journal of Portfolio Management","volume":"27 1","pages":"80-104"},"PeriodicalIF":0.0000,"publicationDate":"2021-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Macro Factor Investing with Style\",\"authors\":\"Alexander Swade,Harald Lohre,Mark Shackleton,Sandra Nolte,Scott Hixon,Jay Raol\",\"doi\":\"10.3905/jpm.2021.1.306\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Investors face similar macroeconomic risks and opportunities regardless of their individual investment preferences. To best navigate growth and inflation concerns, the authors propose building macro factor–mimicking portfolios diversified across asset classes and style factors. They focus on the macro factors growth, inflation, and defensive. Their approach allows for shaping the macroeconomic risk exposure of a given portfolio by applying systematic macro factor completion to effectively address specific economic outcomes.\",\"PeriodicalId\":501547,\"journal\":{\"name\":\"The Journal of Portfolio Management\",\"volume\":\"27 1\",\"pages\":\"80-104\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2021-11-13\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"The Journal of Portfolio Management\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.3905/jpm.2021.1.306\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"The Journal of Portfolio Management","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.3905/jpm.2021.1.306","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Investors face similar macroeconomic risks and opportunities regardless of their individual investment preferences. To best navigate growth and inflation concerns, the authors propose building macro factor–mimicking portfolios diversified across asset classes and style factors. They focus on the macro factors growth, inflation, and defensive. Their approach allows for shaping the macroeconomic risk exposure of a given portfolio by applying systematic macro factor completion to effectively address specific economic outcomes.