Style investing
From Wikipedia, the free encyclopedia
Style investing is an investment approach in which rotation among different "styles" is supposed to be important for successful investing. As opposed to investing in individual securities, style investors can decide to make portfolio allocation decisions by placing their money in broad categories of assets, such as "large-cap", "growth", "international", or "emerging markets".
Style investing is of interest to economists because it serves as a useful framework for identifying anomalous price movements in stocks, such as those observed when a stock is added or removed from the S&P 500 index.
[edit] References
- Barberis, Nicholas and Shleifer, Andrei, Style Investing, 2003, J. Financial Econ., 68, 161-199.
[edit] External links
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