Focus on Global Factors?
December 14, 2023 - Equity Premium
Should investors focus on global equity factors or local (country) equity factors when trying to predict their local market returns? In their November 2023 paper entitled “How Global is Predictability? The Power of Financial Transfer Learning”, Oliver Hellum, Lasse Heje Pedersen and Anders Rønn-Nielsen compare the importance of global factors versus local factors for predicting… Keep Reading