James Norrington revisits a Smart Beta strategy combining value and momentum factors
Sharp falls in equity markets, as were seen in August 2015, can understandably spook investors and create uncertainty. For two of the world's large investment houses, however, the late summer sell-off was a buying opportunity and not a signal to revise longer-term outlooks that remained broadly bullish, for risky assets such as shares. Fast forward to early October and rising markets seem to be vindicating these generally positive views. As we reflect on the attractiveness of asset classes and ponder portfolio allocations, it's helpful to revisit some of the research from Goldman Sachs and Morgan Stanley that has been published since July.