Combine Small and Value Factor Exposures?
May 19, 2025 - Size Effect, Value Premium
Should a long-only equity investor seeking exposure to the size factor (stocks with small market capitalizations tend to outperform) and the value factor (stocks that are cheap with respect to fundamentals tend to outperform) choose two distinct funds or a combined small-value fund? In his March 2025 paper entitled “Small, Value, or Small/Value?”, Javier Estrada… Keep Reading