IFM Investors’ large cap equites team applies a quantitative investment approach with a fundamental overlay to its Australian Core Equities investment strategy. We believe that alpha can be sourced from repeatable and predictable behavioural biases, specifically momentum and value investing. We recognise that purely quantitative-driven strategies that rely on systematic factor screens are insufficient and may falter over time, so our fundamental overlay seeks to mitigate risk factors (i.e. value traps, crowded trades) that purely quantitative-driven strategies tend to ignore. The team has a formal commitment to fundamental research and continued improvement to investment processes.