We construct investment portfolios based on sound financial
science developed by Nobel Laureates and leading academics.
More importantly, our portfolios deliver superior real-world
performance while minimizing taxes and transaction costs.
Equity Investment Approach:
Provide true global diversification to obtain asset class
performance and reduce risk
Offer superior long-term growth with an emphasis on small
company and value stock
Fixed Income Investment Approach:
Adding fixed income reduces overall portfolio risk and
Risk is reduced by focusing on higher quality, shorter duration
instruments, which have less correlation with equities
We use financial science combined with sophisticated modelling to
create an array of investment options to meet your changing needs.
Bringing Financial Science to Your Portfolio
Golden Crest Five-Factor Protocol
Three Equity Factors
Market: Stocks have higher expected returns than fixed income.
Size: Small company stocks have higher expected returns than
large company stocks.
Value/Growth: Lower-priced “value” stocks have higher expected
returns than higher-priced “growth ” stocks.
Two Fixed Income Factors
Maturity: Longer-term instruments are riskier than shorter-term
instruments without a commensurate increase in expected return.
Default:Instruments of lower credit quality are riskier than
instruments of higher credit quality without a commensurate
increase in expected return.