Archive by Author

WHITE PAPER – The Gavekal Knowledge Leaders Indexes: Capturing the Excess Returns of Highly Innovative Companies

A rich academic history suggests equity returns can be explained by risk exposures, or factors. In our first white paper, we identified the Knowledge Effect, the tendency of highly innovative companies to experience excess returns. In this second report, we detail how we create the Gavekal Knowledge Leaders Indexes to capture the Knowledge Factor. Download […]