Abstract
In this interview, Jason Hsu , Co-Founder and Vice Chairman at Research Affiliates , discusses the unique characteristics of low-beta stocks. He identifies popular strategies for constructing low-volatility portfolios, evaluates their performance and suggests key issues for further research. Hsu, also an Adjunct Professor in Finance at UCLA’s Anderson School of Management , and his co-authors present their full research findings in A Study of Low-Volatility Portfolio Construction Methods , published in The Journal of Portfolio Management .
Some of the actionable items you will read about include:
Know the source of returns.
Anticipate highly concentrated positions.
Keep a sharp eye on valuations.
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