Interested in understanding the state of volatility in the current market? This comprehensive package from Clear Path Analysis and FTSE Russell covers all the important focal points with top industry thought leaders...
Year after year, plan sponsor surveys show controlling funded status volatility (surplus risk) as the top priority for their organizations. When liabilities grow faster than plan assets, additional cash contributions...
China’s bond market continues to evolve as Q2 gives way to Q3 – and it is attracting more interest from international participants eager for exposure to the world’s second largest economy.
In this paper, we illustrate that capitalization weighting, equal weighting and inverse market-capitalization weighting schemes are special cases of a more general class of factor tilt indexes that embed specific and...
This Insight discusses the growth of smart sustainability, investors’ motivations for applying ESG considerations to smart beta, the factors that are causing regional differences in demand, and the outlook for smart...
In this report, we take advantage of four decades of information to observe how the US equity markets have reflected the overall growth in the US economy as well as the shift from a largely industrial economy to one...
A Fallen Angel is a corporate, or sovereign, bond downgraded from Investment Grade to a High Yield credit rating. Thus, the downgrade from Investment Grade (IG) to High Yield (HY) is far more significant than a...
Infrastructure is an investment category often seen by investors as a diversification tool that can provide a hedge to long-term liabilities by offering exposure to potentially stable returns and steady income. FTSE...
Factors have become an influential force in investors’ decision-making processes, buttressed by a growing body of academic and financial industry research that has affirmed the effectiveness of factors in driving...
As a well-known concept to practitioners and academics, carry has been leveraged in the currency markets for decades. With the understanding of such FX carry trades becoming established, recent academic publications...
Equal weighting is known as one of the oldest and time-tested approaches to reduce concentration risk and enhance diversification. This paper explores the key benefits of equal weighting over its cap-weighted...
In the last 10 years, the concept of the minimum-variance (MV) portfolio has successfully evolved from an academic topic of discussion to an implementable investment theme. Currently, a significant number of...
Factor investing is increasingly in vogue, with estimates of passive assets tracking such strategies reaching US$729B. This popularity has led investors, academics and practitioners to question the extent to which...
Recent market turbulence has refocused attention on the potential long-term benefits of defensive investment strategies. In this new paper, we take an in-depth look at three such approaches: Low Volatility Factor...
With a burgeoning economy and two-thirds of its massive and rapidly growing population of working age, India is viewed by many as a highly attractive country for doing business. This paper surveys the state of the...
Dividend growth strategies have often been regarded as attractive sources of income due to their resiliency in market downturns and subsequent participation in market rallies. This paper explores the key...
Climate change poses clear and material risks to real estate assets with the potential to impact return profiles. Listed real estate has historically lacked appropriate tools to allow investors to assess and...
Factor index construction is currently a widely discussed topic among institutional investors and asset managers, particularly whether the construction of multi-factor indexes should be top-down or bottom-up. In this...
