Risk Premia Survey, 2018


We are committed to ensuring we understand our clients' requirements and expectations around the use of alternative risk premia strategies.

For the purposes of this survey, we define alternative risk premia as any liquid, transparent, and cost efficient strategy designed to compensate an investor bearing a specific factor or systematic risk.

We categorize alternative risk premia strategies across asset classes (including Equity, FX, Rates, Credit, Commodities, X-Asset) and investment style (for example Value, Carry, Momentum, and additional styles or factors idiosyncratic to particular asset classes).

Please select multiple answers where applicable.

Overview of the business

1. What is the core business of your company?

2. Are you mainly acting in an advisory or discretionary capacity?

3. What are your current assets under management and/or under advisory?

5. Which statement best describes your status in relation to risk premia strategies?

Please complete the following questions if you already invest, or plan to invest, in risk premia. If not, please jump to Question 12


8. How do you get exposure to risk premia strategies?

9. Which reason(s) motivates(s) your investment in risk premia?

10. What are the main objectives for investing in risk premia strategies?

11. What is your performance expectation from an allocation to risk premia?

As compared to hedge funds

As compared to equities

Please complete the following questions if you have not invested in risk premia to date. If you have, please jump to question 14.

12. What is the main reason?

13. What would be the main drivers to start investing in risk premia strategies?

Risk premia strategy composition

14. Could risk premia strategies replace the allocation to alternatives (e.g. hedge funds) within portfolios?

16. What properties do you consider the most attractive when choosing risk premia?

17. Please select in order of importance the asset classes where you believe risk premia strategies can deliver the greatest benefit to your firm.

18. Which asset classes are currently lacking an attractive offering of risk premia strategies?

19. What type of risk premia do you consider the most attractive?

20. How do you see a product provider adding the most value?

21. Which approaches best suit your needs?

22. Is there a minimum length of real (i.e. not simulated) track record that you require to invest?

23. Do you use absolute or relative measures to track the performance of risk premia strategies?

24. Which would be the appropriate applications for risk premia indices?

Risk premia wrapper overview

25. What is your preferred wrappers for accessing risk premia strategies?

26. What drives the choice of the wrapper?

27. Do you consider UCITS eligibility of the product/strategy as a key decision factor?

28. Which parts of your portfolio would include risk premia1?

29. What information do you need in relation to risk premia investments?

30. What dealing frequency do you require as a minimum?

31. Are risk premia strategies with performance fees acceptable?

Risk premia market

33. Which types of providers do you believe have the best risk premia offerings?

34. Please select the reason behind your answer to Question 33

Thank you for your input

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