October/November 2012
Features
Spotlight: Factor Investing
Morningstar Conversation 50
Undiscovered Manager 58
Factors Dissected
Why some assets yield higher returns than others and what it means for investors.
36
Fitting Factors Into the Formula
Factor investing and asset allocation are two roads to the same destination, Cliff Asness and Rob Arnott say.
Clients Have a Friend in Luther King
Texan has built a $9.6 billion under-the-radar firm by delivering strong results and building relationships, instead of marketing and gathering assets
Exploring the World of Factors
Understanding factors leads to better investment strategies.
40
Uncloaking the Alpha Machine
How finance professors keep moving the goal posts for active management.
42
Factor Strategies Gain Footholds in Practices
Proponents say that education and openness are keys to keeping clients believing in system.
46
Big Mo
There’s more, and less, than meets the eye in momentum’s long-term track record.
3
Table of Contents for the Digital Edition of Morningstar Advisor - October/November 2012