REPORT

Q2 2021 Factor Performance Analysis

Q2 Factor Performance Gyrations: Growth over Value

The second quarter showed some stark contrasts to earlier periods this year with significant month-by-month differences. While Value was up in Q1 and Growth was down, the second quarter reversed that trend—but not without some wild swings:

  • The US saw a return to Growth dominance with consistently strong Quality performance.
  • Europe saw a similar Growth outperformance with Quality and Low Vol stocks doing well.
  • Emerging Markets saw market-like returns for Value and Growth with outperformance by Small Cap and high Volatility stocks.
  • In Australia, Growth and Quality continued to dominate, while High Volatility and Momentum stocks suffered.

In this report, we breakdown why we are seeing differing trends across the globe and uncover the data you need to know from Q2.

About the Author:



Damian Handzy
Damian has 24 years’ experience in FinTech analytics, having worked with hundreds of Wall Street’s most successful investment managers in risk management, performance attribution and factor analysis. He joined Style Analytics in August 2019 to help bring their innovative and unique style factor approach to a wider market. Prior to joining Style Analytics, Damian co-founded Investor Analytics in 199 as Wall Street’s first cloud-based multi-asset class risk service provider and served as Chairman and CEO until he sold that company to StatPro in 2016 to become their Global Head of Risk.

Damian received his undergraduate degree from the University of Pennsylvania and his doctorate in nuclear astrophysics while working on Correlation Functions at the National Superconducting Cyclotron Laboratory at MSU.

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