analyze the relation between systemic risk and portfolio diversification, highlighting the differences between heterogeneous … and homogeneous diversification. Diversification is generally accepted to be the main tool for reducing idiosyncratic or … portfolio-specific financial risk, but the homogeneous diversification produces also effects on systemic risk. The research …

Multifactor funds, which offer factor diversification neatly packaged in one product, have a rather short but poor … performance of multifactor funds relative to two homemade factor diversification strategies, which simply combine single …