Quick Q- I read that if we replace a portion of a public equity exposure with half private equity exposure & half venture capital exposure, the change to the risk factors of the portfolio would be: higher exposure to the size risk factor, and higher exposure to the value risk factor.
My Q is- is it also true that exposure to the growth risk factor has been increased as well? I would think yes- because of the venture capital & private equity. But the book only mentioned we’re increasing our exposure to value?