The IMFL ETF dynamically adjusts its factor weightings depending on the economic cycle. With poor economic prospects, the fund is currently defensively positioned with a focus on High Quality and Low ...

Anna Cieslak and Pavol Povala—authors of the paper “Expected Returns in Treasury Bonds,” which was published in the September 2015 issue of The Review of Financial Studies—examined the time variation ...

A version of this article originally appeared in the October issue of ETFInvestor. It is hard to successfully time any investment. Adjusting a portfolio based on expectations about the future can ...

Every investment portfolio is a bundle of risk factors - value and growth stocks, small-cap vs. large-cap stocks, and so on. Regardless of whether you target specific factors or ignore them, these ...