Style Investing
Author | : Richard Bernstein |
Publisher | : John Wiley & Sons |
Total Pages | : 258 |
Release | : 1995-05-29 |
ISBN-10 | : 047103570X |
ISBN-13 | : 9780471035701 |
Rating | : 4/5 (701 Downloads) |
Download or read book Style Investing written by Richard Bernstein and published by John Wiley & Sons. This book was released on 1995-05-29 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: Headed by Bernstein, the quantitative equity and equity derivatives strategies group at Merrill Lynch is noted for their proprietary research on market segmentation and style investing. In this book, he highlights the macroeconomic, microeconomic and expectational factors that can affect equity market segment performance. The first section focuses on the definition and identification of market segments and reviews the major equity market segments that concern today's institutional investors. Part two analyzes the historical result of each segment of style strategy within the context of the economic and expectational framework. Lastly, it describes current issues and problems in equity markets and their implications for pension plan sponsors.