Combining Factors in a Portfolio: To Add or to Multiply?

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By Rob Bush, Deutsche Asset Management In this article we briefly address a few of the differences in the methods through which multifactor exposures can actually be achieved in practice. Broadly speaking, there are two options commonly used in the industry – additive (or “composite”) approaches and multiplicative (or “tilt”) approaches. Additive approaches have the…Click to read more at

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