Research Factor Investing and Asset Allocation: A Business Cycle Perspective Learn more about quantitative investing and factor research in this in-depth guide.
This paper helps explain how investors and investment managers may solve real-life portfolio allocation problems across business cycles. It draws heavily on 50 years of research and analysis by financial economists around the world. We have found that using a broad range of models works best. Also, we prefer simple over complex models. Importantly, the framework we present provides several of the missing links in asset allocation – for example, the links between asset classes and risk factors, between macroeconomic views and expected returns, and ultimately between quantitative and fundamental investing. Download a PDF or purchase a copy of Factor Investing and Asset Allocation: A Business Cycle Perspective from the CFA Institute Research Foundation Download
Viewpoints Emerging Market Investing: A Multi‑Asset, Granular and Dynamic Portfolio Approach This Research paper is a joint effort between PIMCO and GIC, Singapore’s sovereign wealth fund. GIC authors Grace Qiu Tiantian Ph.D., Ding Li, and Zhihui Yap collaborated with PIMCO’s Josh Davis, German Ramirez, and Helen Guo to produce this report.