RT Journal Article
SR Electronic
T1 Macro Factor Investing with Style
JF The Journal of Portfolio Management
FD Institutional Investor Journals
SP 80
OP 104
DO 10.3905/jpm.2021.1.306
VO 48
IS 2
A1 Alexander Swade
A1 Harald Lohre
A1 Mark Shackleton
A1 Sandra Nolte
A1 Scott Hixon
A1 Jay Raol
YR 2021
UL https://pm-research.com/content/48/2/80.abstract
AB Investors face similar macroeconomic risks and opportunities regardless of their individual investment preferences. To best navigate growth and inflation concerns, the authors propose building macro factor–mimicking portfolios diversified across asset classes and style factors. They focus on the macro factors growth, inflation, and defensive. Their approach allows for shaping the macroeconomic risk exposure of a given portfolio by applying systematic macro factor completion to effectively address specific economic outcomes.