Important Disclosures
文章的连结只作一般资讯用途，不构成出售要约, or a solicitation of an offer to buy, any security. 过去的表现并不能保证未来的结果，多样化也不能保证投资回报或消除损失的风险. 而且，哪里有盈利的可能，哪里就有亏损的可能. Before embarking on any investment program, 投资者应根据自己的投资目标和财务状况，仔细考虑投资策略的风险和适用性. 文章中所表达的任何意见仅在发表时有效，如有更改，恕不另行通知. The information contained in an article may include estimates, projections and other “forward –looking statements.“由于诸多因素，实际事件可能与所呈现的有本质上的不同.
Select Growth Stocks Poised to Outperform in 2021
Despite investor preferences having shifted solidly to value in 2021 thus far, Los Angeles Capital’s Analyst Insight factor, which combines earnings news with estimate revisions and earnings surprise, 继续青睐尚未失去基本面动能的成长型股票. 首席信息官哈尔•雷诺兹(Hal Reynolds)参与了365app为什么预计价值型股票和少数几只最成功的成长型股票在2021年剩余时间里都将表现出色的原因.
“不像2020年下半年，尽管收益疲弱或根本不存在，投资者还是买入了风险较高的股票, tomorrow’s returns will be driven by changes in a company’s earnings outlook. 随着全球度过大流行，投资者的注意力将回归基本面……”
Click here to access the article: Market experts at BlackRock, Principal Global Investors, 和LA Capital分析了6个原因，为什么科技股仍有上涨空间，以及为什么基本面比盲目冒险更重要.
Edelman's Investment Outlook Book for 2021
365app很高兴365app的首席信息官Hal Reynolds出现在爱德曼史密斯菲尔德的2021年投资展望书中. 爱德曼•史密斯菲尔德(Edelman Smithfield)编制的《365app》(Outlook Book)汇集了投资者对未来一年将产生影响的趋势的看法. 在本期中，哈尔分享了他对价值、增长、疫苗和投资组合定位的看法. 点击这里直接从爱德曼的网站下载Outlook书的副本: http://www.edelman.co.uk/investment-outlook-book-2021. Los Angeles Capital does not endorse the managers, the firms or their opinions in the Outlook book other than those of Hal.
2020 Best Places to Work in Money Management
Los Angeles, CA (Dec. 16, 2020年)365app公司获得了养老金协会公布的2020年最佳资金管理工作场所奖 & Investments today. Presented by Pensions & Investments, the global news source of money management, 第九届年度调查和认可计划致力于识别和认可资金管理行业的最佳雇主. Click to read the full press release or to access our P&I profile.
Building Covid Resilient Portfolios
Equity markets may have held up remarkably well over the past months, but that should not fool investors into a false sense of security. 风险水平仍然很高，许多投资者可能想知道，他们的股票投资组合能否抵御Covid-19蔓延引发的危机. In this article from the Nordic Fund Selection Journal, Hal Reynolds, CIO, 讨论了从开始衡量股票投资组合的Covid beta获得的见解, bad momentum and the problems of static factor approaches.Click to access Building Covid-resilient Portfolios.
Hedge Fund Investors Ditch Misfiring Quant Trade Losing Billions
定量方法使用的基本信号难以在大流行市场中预测正确的赢家和输家, 量化基金经理面临的挑战是提高风险指标的灵活性，并增加短期信号. 首席信息官哈尔•雷诺兹(Hal Reynolds)分享了365app(Los Angeles Capital)最近如何抓住机遇，创建了一种动态分析工具(有时被称为Covid因素)，以帮助捕捉企业对宏观冲击的敏感性. Click here to read the article.
Bubble or No Brainer?
由于新冠肺炎疫情，全球转向在家工作，技术成为了市场上的胜利者. However, 问题是，随着大流行的消退，该部门是否将继续看到长期利益. CIO Hal Reynolds weighs in on the digital economy. Click here to read the article: Bubble or No Brainer? Six specialists on the dash to tech.
Five-year gilt yields go negative for the first time in dash for safety
For the first time, 英国政府能够以负利率在金边债券市场筹集新资金. Further, 为了刺激经济和鼓励银行放贷，有传言称将扩大量化宽松计划. In the article in The Times, LACM CIO Hal Reynolds, 强调“没有经验证据表明负利率有助于增长”.
Central Banks, Inflation and Economic Normalisation Post Covid-19
In a livestream entitled Central Banks, Inflation and Economic Normalisation Post Covid-19, CIO Hal Reynolds, 提供他对市场的展望，以及他认为将在未来几个月左右市场的主题. Click here to listen to the May 14, 2020 livestream.
EM Equities: Quant Strategies Closing the Gap
Co-Director of Research, 布拉德•罗(Brad Rowe)对数据质量和覆盖范围的改善如何让量化基金经理在新兴市场的数据方面赶上基本面基金经理进行了深入探讨. Click here to read Closing the Gap.
Factor Investing: Keeping a Distance from Single Factors
首席信息官哈尔•雷诺兹(Hal Reynolds)评论了宏观环境的转变对预期回报率的影响, 以及过去十年中势头和低波动性策略的成功. Click to access Keeping a Distance from Single Factors.
LACM Joins Climate Action 100+ Initiative
365app已经加入了气候100+的行列，努力帮助加强气候相关金融信息的披露, as well as to encourage companies to improve the governance of this issue,” says Hal Reynolds, CIO and founding partner of Los Angeles Capital. Click here to read the press release featured in Institutional Asset Manager.
When the Big Get Bigger, Active Stockpickers Feel Even More Pain
在《365app》(When The Big Get Bigger)一书中讨论了小型股和大型股之间的表现差异, Active Stockpickers Feel Even More Pain’, 研究联席主任Ed Rackham对大公司最近的因素效能作了评论. Click here to access the article: When the Big Get Bigger.
Ahead of the Curve: The Mega-Cap Conundrum
研究联席主任埃德·拉克姆讨论了定量分析师在2019年面临的挑战以及大型股所扮演的角色. Click here to access the article Ahead of The Curve.
Value Stocks Post Best Run
As stocks begin to show signs of recovering, and investors start to look beyond the short term, 首席信息官哈尔•雷诺兹在《365app》一书中讨论了365app的防御性倾斜立场。. Click here to access the article Value Stocks Post Best Run.
The proof of the Brexit pudding is in the eating
In 'The proof of the Brexit pudding is in the eating', CIO Hal Reynolds discusses the underperformance of UK stocks, 以及让英国风险资产跑赢大盘所需的可能催化剂. You can access the full article here: The proof of the Brexit pudding is in the eating.