Factor Investing

Factor Investing
October 2025

Factoring in the Low-Volatility Factor

Pim van Vliet, Amar Soebhag, Guido Baltussen

Research

52 Pages

The authors evaluate why low volatility is missing from common asset pricing models and test it under real world constraints.

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Portfolio Management
July 2025

Buffett’s Intangible Moats

Sparkline Capital

Kai Wu

Research

15 Pages

Sparkline captures how Warren Buffett’s success stems from evolving beyond traditional value investing toward companies rich in intangible assets—such as brand equity, IP, and network effects.

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Portfolio Management
April 2025

Small Caps, Big Opportunities: Investing Beyond Large-Cap Stocks

Research Affiliates

Mario Albuquerque, Que Nguyen, Xi Liu

Research

13 Pages

Research Affiliates says the current valuation gap favoring small-cap stocks signals the potential to unlock value and outperform.

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Portfolio Management
October 2024

Leveraging the Low-Volatility Effect

Robeco

Lodewijk van der Linden

Research

13 pages Pages

Robeco provides an explanation of the low-volatility effect and explores five use cases to leverage upon the low-volatility effect to unlock the full potential of this underutilized factor.

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Portfolio Management
January 2024

Value investing: “The reports of my death have been greatly exaggerated”

Robeco

Matthias Hanauer

Research

11 Pages

Robeco explores the resurgence of the Value factor since the Covid-19 vaccine announcement roughly three years ago, with insights from ten key graphs.

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Portfolio Management
January 2024

The Quality Anomaly: The Weirdest Market Inefficiency in the World

GMO

Ben Inker

Research

10 Pages

Ben Inker of GMO explores the enduring and puzzling “quality anomaly,” where higher quality equities and bonds—despite being lower risk—have historically delivered better returns.

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Portfolio Management
September 2023

The Cross-Section of Factor Returns

Robeco

David Blitz

Research

33 Pages

Robeco Quantitative Investments analyzes more than 150 equity factors to understand how they behave across market environments.

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