In “An Aussie sense of style”, Axioma’s latest paper on smart beta products, we take a look at the inherent compromise between delivering target factor purity versus maximizing factor exposure.

Despite the Fed’s and the ECB’s divergent trajectories, the dollar fell against the euro to $1.18 in December from $1.05 in January, confounding expectations. At the start of 2017, the average forecast from five banks pointed to the euro ending the year at $1.05.

In 1811 in Nottingham, England, a mob of angry blue-collar workers attacked factories and destroyed machines, protesting the use of automated pattern weaving systems that were displacing them from their textile manufacturing jobs and depriving them of their livelihood.

Demographics have caused famous investors like Bill Gross to warn of a headwind to markets, with slower economic growth becoming the ‘new normal’ just as much as grey hairs come with age.