CAP Scan. Equity Factors, Sectors & Stock Picks. Dec 2021

CAP Scan. Equity Factors, Sectors & Stock Picks. Dec 2021

The current equity market is in the midst of a transformation where LT Growth exposure is less likely to perform, and exposure to other factors is preferred. In CAP, we are currently adding equity exposure to the factors: Value, Rate&Credit Sensitive, Low Vol, Defensive (NEW)

The strategy is changed from last month. Besides our upgrade of Defensive,  we are reducing exposure to both Size (neutral), Momentum (uw) and Cyclicals (uw)