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FYI: Asset owners have increasingly incorporated factor-based funds into their portfolios in an attempt to earn equity premiums at a low cost. But they are ending up bearing currency, country, sector, and other risks that are going uncompensated, according to an analysis of 500 complex institutional portfolios by Northern Trust Asset Management. Regards, Ted https://www.institutionalinvestor.com/article/b1flwrdtv24qzp/Why-Factor-Investing-Isn-t-Working
