CFA Institute
May 13, 2020
Shaping the investment industry for the greater good.

What Is Quality? (Graphic Abstract)

This video graphic of this  award winning article  published in the  Financial Analysts Journal  argues that unlike standard factors, such as value, momentum, and size, quality lacks a commonly accepted definition. The piece tests quality factors commonly used by investment firms and finds that profitability and investment-related characteristics tend to capture most of the quality-related premia.

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