For example, European value stocks had performed the best out of any quantitative style in April, according to JPMorgan. The sector delivered the worst one-month performance since the Brexit vote, as of last week, according to Bloomberg data. Shifts in market leadership have curbed quant returns this year, the U.S. bank wrote in a recent report.
Sure, the cut in equity exposures, as per Credit Suisse data, comes after January’s record, and is modest relative to the tumult after the Brexit vote. But, as one of the busiest weeks in the world economy kicks off in earnest, the shifting factor landscape underscores the challenges for robots and humans alike.
This article was provided by Bloomberg News.