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Value and Interest Rates: Are Rates to Blame for Value’s Torments?

Thomas Maloney and Tobias J. Moskowitz
The Journal of Portfolio Management May 2021, jpm.2021.1.236; DOI: https://doi.org/10.3905/jpm.2021.1.236
Thomas Maloney
is a managing director at AQR Capital Management in London, UK
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Tobias J. Moskowitz
is a professor of finance at Yale University, a research associate at NBER, and a principal at AQR Capital Management in Greenwich, CT
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Article Information

jpm.2021.1.236
DOI 
https://doi.org/10.3905/jpm.2021.1.236

Published By 
Pageant Media Ltd
Print ISSN 
0095-4918
Online ISSN 
2168-8656
History 
  • Published online March 25, 2021.

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  • You are currently viewing a Latest version of this article (March 25, 2021 - 02:51).
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© 2021 Pageant Media Ltd

Author Information

  1. Thomas Maloney
    1. is a managing director at AQR Capital Management in London, UK. (thomas.maloney{at}aqr.com)
  2. Tobias J. Moskowitz
    1. is a professor of finance at Yale University, a research associate at NBER, and a principal at AQR Capital Management in Greenwich, CT. (tobias.moskowitz{at}yale.edu)
  1. To order reprints of this article, please contact David Rowe at d.rowe{at}pageantmedia.com or 646-891-2157.
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The Journal of Portfolio Management: 48 (5)
The Journal of Portfolio Management
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April 2022
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Value and Interest Rates: Are Rates to Blame for Value’s Torments?
Thomas Maloney, Tobias J. Moskowitz
The Journal of Portfolio Management Mar 2021, jpm.2021.1.236; DOI: 10.3905/jpm.2021.1.236

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Value and Interest Rates: Are Rates to Blame for Value’s Torments?
Thomas Maloney, Tobias J. Moskowitz
The Journal of Portfolio Management Mar 2021, jpm.2021.1.236; DOI: 10.3905/jpm.2021.1.236
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  • Article
    • Abstract
    • THEORETICAL LINKS BETWEEN INTEREST RATES AND RETURNS
    • EMPIRICAL RELATIONSHIPS WITH INTEREST RATE LEVELS AND CONTEMPORANEOUS CHANGES
    • PREDICTIVE RELATIONSHIPS AND FACTOR TIMING
    • A RECENT CASE STUDY: THE CORONAVIRUS PANDEMIC AND AFTERMATH
    • CONCLUSION
    • ACKNOWLEDGMENTS
    • APPENDIX
    • ENDNOTES
    • REFERENCES
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  • PDF (Subscribers Only)

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