TY - JOUR T1 - Pursuing the Low Volatility Equity Anomaly: <em>Strategic</em> <br/> <em>Allocation or Active Decision?</em> JF - The Journal of Investing SP - 75 LP - 85 DO - 10.3905/joi.2013.22.3.075 VL - 22 IS - 3 AU - Erik Knutzen Y1 - 2013/08/31 UR - https://pm-research.com/content/22/3/75.abstract N2 - In the last several years asset managers have built investment strategies based on historical evidence that lower volatility stocks earn superior risk-adjusted returns. As such, they seek to exploit what has been identified in studies by academics and practitioners alike as an equity pricing anomaly. This article evaluates the low volatility anomaly, its potential causes, whether it is likely to persist, and the role, if any, of low volatility equity investing in long-term investment programs.TOPICS: Security analysis and valuation, analysis of individual factors/risk premia ER -