Factor investing in bonds should focus on two additional factors

Press review Money Management "(...) EDHEC-Risk Institute aims to widen the concepts of factor-investing in bond markets by encouraging investors to focus on the two factors that help explain fraction of differences over time in bond returns, the ‘level’ or ‘slope’ of the yield curve. According to the institute’s paper, produced as part of the Amundi research chair on “ETF, Indexing and smart beta investment strategies”, it would be possible to build duration-timing strategies that were economically superior to bearing unconditional duration risk."(...) https://www.moneymanagement.com.au/news/funds-management/factor-investing-bonds… 2019