Macro Factor Investing with Style
提出构建跨资产类别和风格因子的宏观因子模拟组合，聚焦增长、通胀和防御三大宏观因子，通过系统性宏观因子补全来调整投资组合的宏观经济风险暴露。
Investors face similar macroeconomic risks and opportunities regardless of their individual investment preferences. To best navigate growth and inflation concerns, the authors propose building macro factor–mimicking portfolios diversified across asset classes and style factors. They focus on the macro factors growth, inflation, and defensive. Their approach allows for shaping the macroeconomic risk exposure of a given portfolio by applying systematic macro factor completion to effectively address specific economic outcomes.