My August 17, 2020, article for Advisor Perspectives, “Factor-Based Investing Beats Active Management for Bonds,” provided the evidence from a series of academic papers on the ability of common factors to explain the variation of returns of bond funds, results which have important implications for investors in terms of portfolio construction, risk monitoring, and manager [...]
The Role of Book-to-Market in Bond Returns was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.