Factor Investing – Understanding the 3rd Pillar of Investing
Alongside fundamental active and passive strategies, factor investing is the third pillar of investing and has gained increasing recognition from investors for its systematic, data-driven approach to delivering specific outcomes. Factor investing represents a breakthrough in fundamental elements of investing and could mark a permanent shift in asset management.
Stephen Quance, Invesco's Asia Pacific Director of Factor Investing, will share:
- What is factor investing?
- The difference from market weighted indexing and alpha strategies
- Structuring a portfolio around investment factors
By the end of the seminar, participants will be able to:
- Describe what is factor investing
- Explain how factor investing works
- List the applications by asset managers to achieve specific investment outcomes
Who should attend
Asset managers and investors who are interested in deepening their knowledge in factor investing.
Financial Incentive Scheme of the WAM Pilot Programme
This is one of the eligible courses under the Financial Incentive Scheme (“The Scheme”) of the WAM Pilot Programme.
In-service practitioners of the financial services industry will be eligible for the Scheme. They will be reimbursed 80% of the course fees, subject to a maximum of HK$7,000 (whichever is the lower) upon satisfactory completion of a course or seminar over the three-year period of the Scheme.
Each individual may apply for reimbursement for more than one course / seminar.
Application to reimburse the course fees, together with the required documents, must be submitted within four months from the last day of the course attended.
Please refer to the WAM Pilot Programme website for more details.
He promotes the global factor initiative by supporting clients, aiding research, setting strategy, refining operations and increasing education both internally and externally primarily in the Asia Pacific region.
Prior to joining Invesco, Stephen was a portfolio manager with Dimensional Fund Advisors for more than 10 years. In that role, he managed various factor strategies, a number of which were for Asia institutions, and met extensively with investors across the region. Originally an engineer by training, Stephen holds a BS in Civil and Environmental Engineering from Rice University and an MBA in Finance from the University of Texas.