In case you missed it, 2019 was a good year to be an equity investor. Examining market-cap-weighted indices, the U.S. stock market was up ~ 30%, Developed International Markets were up ~ 22%, and Emerging Markets were up ~ 18%. But how did factors do in 2019? Below I update my post from last year, examining the performance of simple factor portfolios. This year, I make some minor tweaks to highlight the performance while varying the level of concentration towards each factor. Let’s dig into the results. Factor Investing Data and Results Similar to…
Factor Investing Update: An Analysis of 2019 U.S. Factor Returns
