May Factor Commentary

Key Takeaways

  • Of the factors we track, value and low volatility showed the best performance over the past month, while the growth factor underperformed.
After struggling in March, our dynamic factor portfolio rebounded strongly in April, outperforming the S&P 500 by 2.7%. Since the start of 2020, this strategy has outperformed the S&P 500 by 7.6%.After the latest rebalance, the dynamic factor portfolio is now overweight value and low-volatility and is underweight quality and growt...

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