Скачать или смотреть What is quality investing?

Hoi and Hugh discuss what the quality factor is in investing and how it differs with other factors like value and growth.

The quality factor typically performs well during market/cyclical downturns due to the defensive nature of 'quality' companies. I.e. companies with high returns on equity, lowly levered balance sheets and a solid track record of generating cash flows consistently. These companies have a stronger capacity to withstand market stress.

We see the quality factor outperforming relative to other factors in 2024 as most DM economies are currently in the late expansion phase of the business cycle, heading into contractionary territory as the effects of interest rate tightening feeds its way into the real economy.

0:00 Introduction
0:10 What are rewarded factors?
2:10 Are factors just different styles of investing?
3:50 What is the quality factor? Why should we care about it?
6:18 What exactly should investors look for to identify 'quality' products?
9:05 How do changes in the market cycle affect the performance of the quality factor?
11:35 What are the risks involved?
13:28 Is there such thing as the 'best factor' to invest in? Or should we consider a range of factors in our portfolios?

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