2019_01_06 — “Stock Market Factors in 2018, Mostly Underperformed”

Stock Market Factors in 2018, Mostly Underperformed

Stock Market Factors (a.k.a., Smart Beta) in 2018, mostly underperformed

  • Value notably continued its decline since peak relative performance in 2009
  • Small stocks (representing the size factor) underperformed larger multinational companies that many thought would suffer more from international trade tensions
  • The momentum factor nosedived with the rapid price decline of technology stocks and had mixed to negative performance based on how its calculated

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Michael Ashley Schulman

Michael Ashley Schulman

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Avid traveler and art fan, also Partner & Chief Investment Officer @Running Point Capital, a multifamily office and ultra high-net-worth money-management firm