Ahead of the Crowd: Exploring Factor Crowding, Capacity and Persistence in Today’s Market
Institutional investors have long used factors in their portfolios. The evolution of high-impact factor indexes combined with the growth of ETFs has made factor strategies accessible to more investors than ever before. But does this growth bring new challenges? Are factors too crowded and at risk of becoming victims of their own popularity?
Join MSCI and iShares for a discussion of current factor flows, capacity and performance. Industry experts will share insights on how institutions are measuring factors and effectively managing these investments through changes in the market and economic cycle.
Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting www.iShares.com or www.blackrock.com. Read the prospectus carefully before investing.
Investing involves risk, including possible loss of principal.
There can be no assurance that performance will be enhanced or risk will be reduced for funds that seek to provide exposure to certain quantitative investment characteristics ("factors"). Exposure to such investment factors may detract from performance in some market environments, perhaps for extended periods. In such circumstances, a fund may seek to maintain exposure to the targeted investment factors and not adjust to target different factors, which could result in losses.
The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”). The iShares Funds are not sponsored, endorsed, issued, sold or promoted by MSCI Inc., nor does this company make any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with MSCI Inc.
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