Factor investing is a style of investing that takes advantage of certain characteristics of securities with the express purpose of driving higher risk-adjusted returns over a market cycle. These characteristics could be macro or fundamental in nature and could include attributes such as Growth, Momentum, Value or Size, among others, which could be used to select securities.
As far as the factor investing process is concerned, single-factor exposure and factor-timing processes are among the most popular approaches. We analyze the pros and cons of both of these approaches and suggest that a multi-factor bottom-up blending process combines the benefits of both and offers the best risk-adjusted returns to investors.
You should obtain and read a Key Investor Information Document and Prospectus relating to the SSGA Cash funds prior to investing. Further information, including the annual and semi-annual reports and the Key Investor Information Document and Prospectus describing the characteristics, charges, expenses and risks involved in your investments are available for residents of countries where SSGA cash funds are authorized for sale, at www.ssga.com/cash and from your local SSGA office or by calling +44 (0)20 3395 2333.
Investing involves risk including the risk of loss of principal. It is possible to lose money by investing in the funds.
Before investing, carefully consider a fund's investment objectives, risks, charges and expenses. Click the link to obtain a prospectus which contains this and other information, or by calling +44 (0)20 3395 2333, please read it carefully before investing.