---
title: Multi-factor Investing in Borsa Istanbul
url: https://www.ml-quant.com/papers/ssrn/7662780/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-10-30
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 7662780
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7662780
featured: 2026-10-30
citations: unknown
topic: Portfolio & Allocation
---


# Multi-factor Investing in Borsa Istanbul

A five-characteristic long-only strategy for Turkish stocks earns 4.4% annual alpha against the cap-weighted index, but equal-weighted scaling erodes the advantage, suggesting gains come from breadth and risk management rather than characteristics.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7662780
- Identifier: SSRN 7662780
- Released: 2026-10-24
- First featured: Quant Letter No. 137 (2026-10-30): https://www.ml-quant.com/issues/2026-10-30/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Portfolio & Allocation
- Authors: Kemal Onat Dursun

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