Articles & Insights
Investment Executive: Focus on Products  |  15 January 2016

Beating the market

Since the 1960’s, financial theorists have been building models that explain stock returns as a function of their risk exposure. Originally, the capital-asset pricing model focused on a single factor – market exposure – as the driver of returns. By the 1970s, however, financial theorists were proposing an array of factors – fundamental, macroeconomic and statistical – as the determinants of expected returns. Read more >