Many professional mutual fund managers follow investment mandates that only allow them to focus on individual stocks without adjusting for the market environment as a whole. (gobankingrates.com)
In the context of the modern investment mandate process, we can easily understand this boom - and - bust cycle for factor premiums. (researchaffiliates.com)
ETFs have a defined investment mandate that guides the kinds of investments they hold and can offer a way for investors to buy a diversified basket of stocks with one purchase. (dividendladder.com)