New Portfolio Strategy Boosts Returns and Utility for Investors
The article compares different ways to manage investment portfolios using historical data on factors like mean and variance. By adjusting portfolios based on these factors, the strategies can increase returns and reduce risks for investors. The study found that adjusting portfolios using mean and variance values produced the best results in generating positive returns. The size factor H-L had the most significant impact among all factors studied, but the effectiveness of the strategies varied over different time periods.