Factor Investor Report – February 2021
Editor’s note This month we look at the myths surrounding momentum investing from the paper “Facts, Fiction and Momentum Investing”. We also take a quick look at the Momentum factor in India as the first Momentum Index Fund is launched... Read More →
Factor Investor Report – January 2021
Editor’s note This month we take a close look at the performance of factors in CY 2020. Not much talk, only numbers. QIM moves closer to the red zone. Auto sector zooms to the top two in medium term ranks... Read More →
Factor Investor Report – December 2020
Editor’s note This month we take a close look at “resurgence” of the Value Factor and “crash” of Momentum Factor. Is it much ado about nothing or is this the ultimate mean reversion. In the Sector Ranks section we have... Read More →
Vaccine and the wisdom of crowds : How stock markets picked the pharma winners from vaccine contenders
This article first appeared in the Economic Times on 14th Dec 2020. WebLink PdfLink The markets can price stocks much before the official information, based on the wisdom of crowds. The markets seem to be able to price stocks much... Read More →
Factor Investor Report – November 2020
Editor’s note This month we take a close look at Momentum Factor which is the most robust, simple yet difficult to invest in of factors. We look at the research both from Global and Indian academics and come to a... Read More →
Dalal Street Rules 2018-2019
Dil hai to phir dard hoga, Dard hai to dil bhi hoga. Mausam guzarte rehte hai – ‘Dil Se’ The above extract from a famous bollywood song were Ajay Kaul’s favorite. It showed the dual nature of life. If you... Read More →
Factor Investor Report – Oct 2020
Editor’s note It is our endeavor at QED Capital to share and bring about awareness and understanding of factors in a systematic investing framework. It is with that intent that we have started the Factor Investor Report which we will... Read More →
Dalal Street Rules – Year 2017
Year 2017 – The gloom and doom pundits were in business in India. A famous fund manager said demonetization would result in the economy crashing albeit may be for few quarters but the effect would be as extreme as a... Read More →
Annual Investor Letter – 2019-20
Dear Investors, It would be an understatement to say that we live in unprecedented times. While we have seen our share of local epidemics like SARs, MERs, Swine Flu etc. a pandemic of this magnitude was last seen over a... Read More →
The Most Awaited Bear Is Here. But there is no reason to panic.
Dear Investors and friends, This last few weeks are perhaps the most volatile and fastest markets have been in post 2008. We have the distinction of seeing the fastest fall in stock market history ever. In 19 trading sessions most... Read More →
