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    Insights   •   Active Quantitative Equity (AQE)

    Understanding the Recent Junk Rally in Equities

    • The recent market rebound has been strongly skewed to companies whose earnings have been hardest hit by the COVID-19 crisis.
    • Our investment process charges us to avoid focusing on near-term rebounds, even if they may have some short-term momentum, in favor of a longer-term view.
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