8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

1/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

2/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

3/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

4/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

5/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

6/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

7/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

8/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

9/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

10/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

11/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

12/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

13/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

14/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

15/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

16/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

17/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

18/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

19/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

20/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

21/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

22/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

23/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

24/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

25/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

26/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

27/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

28/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

29/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

30/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

31/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

32/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

33/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

34/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

35/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

36/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

37/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

38/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

39/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

40/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

41/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

42/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

43/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

44/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

45/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

46/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

47/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

48/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

49/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

50/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

51/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

52/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

53/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

54/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

55/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

56/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

57/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

58/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

59/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

60/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

61/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

62/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

63/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

64/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

65/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

66/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

67/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

68/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

69/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

70/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

71/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

72/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

73/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

74/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

75/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

76/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

77/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

78/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

79/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

80/118

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=993467

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

81/118

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=265181

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

82/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

83/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

84/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

85/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

86/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

87/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

88/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

89/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

90/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

91/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

92/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

93/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

94/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

95/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

96/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

97/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

98/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

99/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

100/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

101/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

102/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

103/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

104/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

105/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

106/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

107/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

108/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

109/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

110/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

111/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

112/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

113/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

114/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

115/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

116/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

117/118

8/12/2019 Equity Investment Styles - Cyclicalty of Investment Styles

118/118