Megacaps Overwhelming Equity Factor Signals?
March 11, 2025 - Strategic Allocation
Has concentration of world equity market capitalization in a few technology megacaps disrupted factor investing? In his short February 2025 paper entitled “Implications of Increased Index Concentration for Active Investors”, David Blitz examines implications of the rise of megacap technology stocks for factor portfolio management. He first considers strategies that focus on capturing a single… Keep Reading