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.

中文翻译：

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有格调的宏观因子投资

投资者无论个人的投资偏好如何，都面临着类似的宏观经济风险和机遇。为了最好地应对增长和通胀问题，作者建议建立宏观因素模拟投资组合，该投资组合在资产类别和风格因素上多元化。他们关注宏观因素的增长、通货膨胀和防御性。他们的方法允许通过应用系统的宏观因素完成来有效地解决特定的经济结果，从而塑造给定投资组合的宏观经济风险敞口。