Over the last 30 years, the complexity of financial markets has expanded because of a growth
in the number of markets and listed securities, as well as greater data availability. With an …

A conventional approach to factor investing entails the use of Ordinary Least Squares (OLS)
linear regression between factors (explanatory variables) and stock performance (criterion …

A review of academic literature suggests a lack of consensus on positive and negative
abnormal returns associated with socially responsible investing/environmental, social, and …

The Journal of Investing (JOI) is a scholarly journal for the financial services industry, appealing
to both the academic and practitioner audiences. The JOI offers practical analysis and …

There are two types of supervised machine learning (SML): regression and classification. In
this study, the authors propose classification-based machine learning algorithms for factor …

We examined the benefit of incorporating ESG factors over a more recent period to acknowledge
the ongoing investment trend towards ESG. A review of academic literature suggests …

We test the rationality of analysts’ earnings forecasts for Dow 30 companies using an
improved statistical methodology that accounts for non-stationarity in time-series data, non-…

Over the past decade, the asset management industry witnessed a significant migration of
capital from active investment strategies into passive investment strategies. Undoubtedly, the …

… Edward Nw aw is head of quantitative strategies at Bessemer Trust in New York, NY. aw@ …
and intraregional universes using the methodology of Aw, Dornick, and Jiang [2014](see …

The Journal of Wealth Management (JWM) is the only peer-reviewed journal devoted
exclusively to original research and practical guidance for high-net-worth investors and family …