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Craftsmanship Needed for These Investment Styles

Targeting value, momentum, and other styles should continue to produce excess returns, but it is critical to implement them efficiently, says AQR's Ronen Israel.


Alex Bryan: For Morningstar, I'm Alex Bryan. I'm joined today by Ronen Israel, a principal and portfolio manager at AQR.

Ronen, in your presentation today, you talked about four investment styles that have historically worked pretty well: value, momentum, defensive, and, I believe, carry as well. Could you briefly describe each of these styles?

Alex Bryan does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.