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Anand Muthukrishnan

Research and Insights

Articles by Anand Muthukrishnan

    Flight to Quality: Understanding Factor Investing

    Research Report | Sep 21, 2015 | Subhajit Barman , Chin Ping Chia , Eugene Lim , Raphael Hung , Anand Muthukrishnan

    The quality factor has worked best in a "risk-off" market environment. Yet quality is not as well understood as other factors, despite being deeply embedded in Benjamin Graham’s value investing philosophy. In this Research Insight, we argue that the quality of a company can generally be evaluated along five key dimensions: Profitability, Earnings Quality, Financial Leverage, Asset Growth and Corporate Governance. Investors can replicate a variety of quality indexes, depending on their...