S&P Europe 350 Factor Dashboard

• All of our core European factor indices enjoyed gains in the first quarter. Benefiting from the risk-on trend, the standout performer was Momentum. 
• Quality outperformed, gaining 15% as investors flocked to companies with solid earnings and lower leverage. Offering stable income with a quality tilt, Dividend Aristocrats also gained 15%. 
• Despite the threat of lower rates for longer and a fresh round of stimulus from the European Central Bank, purely yield-based strategies underperformed this quarter.  

Performance Report