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Multi-Asset research paper publication in the journal of portfolio management

HSBC experts have cowritten an article on multi-asset style factors expected performance cycles
08 June 2023

    Multi-Asset research paper published in the Journal of Portfolio Management

    • The authors examine the risk-adjusted returns of bonds, equities, and foreign exchange style factors across equities, volatility, and fixed-income regimes and explain why not all style factors are created equal
    • For the same market regimes, they also study the behaviors of multi-asset style factors
    • The authors explore the potential for multi-asset style rotation. While there are opportunities for style rotation, beating a diversified multi-asset portfolio built with style factors is no easy task

    Read full article