Macro Analysis /
United Kingdom

GB : Strategy - Better, but not good enough

    Joachim Klement
    Joachim Klement

    Analyst - Strategy, Accounting, and Sustainability (SAS)

    David Mak
    David Mak

    Analyst - Strategy, Accounting, and Sustainability (SAS)

    CGS-CIMB
    15 April 2021
    Published by

    The performance of our factor tilt portfolios has been much better than simple factor portfolios over the last 12 months. Yet, only our UK portfolios have managed to outperform their benchmark since inception while the European portfolios continue to underperform, though much less than simple approaches to factor investing. To double-check our approach, we perform a thorough backtest of our strategies over the last 20 years. As a Too Long Don’t Read (TLDR) summary: each strategy has significantly outperformed their benchmark over the past twenty years and our conviction in recommending these strategies is reinforced.