FYI: Key Points:
.The value premium is traditionally associated with stock selection and market timing, however, value investing works just as well when applied globally across major asset classes.
.The alternative value portfolios we study are typically uncorrelated with their underlying asset classes, traditional value approaches, and each other, thereby offering meaningful diversification benefits alongside attractive excess return potential.
.The success of value portfolios hinges on their design, which allows investors to gain better exposure to desired risk premia not easily available when investing in a single market.
Regards,
Ted
http://www.etf.com/sections/features-and-news/research-affiliates-when-value-goes-global?nopaging=1
