RTL - 2019 Factor Recap: Quality Bias Defies Q4 Risk Rally
Originally published on January 13, 2020
By Philip Lawlor, Managing Director, Head of Global Market Research
Global equity markets rode some dramatic twists and turns in 2019, and factor performance followed suit. Our latest Factor Indicator report highlights the most notable theme in factoring investing of the past year. They may provide important clues for what lies ahead in 2020:
Quality bias held strong despite Q4 risk rally
While risk appetite has markedly improved in recent months, investors generally remained guarded, favoring the stocks of companies with relatively reliable profitability and stronger balance sheets. These