The difficulties associated with estimating equity duration do not detract from its importance in portfolio immunization, tactical asset allocation, and risk management.
Explore the potential opportunities and remaining challenges for green bonds as green finance investment instruments.
In this paper, we explore how a stylized, factor-based framework could be applied to equity markets in Latin America and whether performance can vary in different Latin American countries.
Environmental, social, and governance (ESG) as an investment theme has held some clout in the market for a while, but it continues to evolve as an asset class.
The Chinese government appears to be committed to continuing structural reforms and supporting economic growth. Initiatives with these goals in mind are generally viewed as positive and may put China on a more sustainable growth trajectory in the long run.
In recent years, income-seeking market participants have shown increased interest in buy-write strategies that exchange upside potential for upfront option premium.
Longevity risk in retirement has always been a serious concern, in that it is part of the ensemble of risks in planning for retirement readiness. In turn, retirement readiness is closely linked to the three critical aspects of retirement: funding, investment returns, and withdrawal of one’s retirement assets.
S&P Global Equity Indices Monthly Update February 2017
While comparing active funds against a benchmark index is a typical practice used to evaluate their performance, persistence is an additional test that reveals fund managers’ skills in different market environments.
The S&P Target Date Scorecard provides performance comparisons, equal- and asset-weighted category averages, and analytics covering the target date fund (TDF) universe.
One of the key measurements of successful active management is the ability of a manager to deliver consistent positive excess returns for some period, on a net-of-fees basis.
While sustainable investing is not a new concept, it was overlooked in the financial markets up until a few years ago. Thanks to a few key catalysts, namely the United Nations-backed Principles for Responsible Investment (PRI),2 environmental, social, and governance (ESG) research, and academic studies focusing on evidence around materiality, sustainability is in the day-to-day conscious of financial market participants
S&P Global Equity Indices Monthly Update January 2017
The widespread adoption of the low volatility strategies by retail and institutional market participants to gain exposure to the factor indicates that low-risk investing is here to stay. It is important that market participants understand the fundamental differences between the two established forms of low-risk index construction: rankings based versus optimization based.
A number of key developments are likely to shape environmental, social, and governance (ESG) trends over the course of 2017. Managing these transitions and the deeply interconnected risks they entail will require long-term thinking, investment, and international cooperation.
This is the second installment of a two-part empirical paper exploring the interaction between Japanese yen exchange rates and forward-looking Japanese Government Bond (JGB) volatility as measured by the S&P/JPX JGB VIX.
S&P Dow Jones Indices Shariah Quantitative Analysis: Q4 2016
With an increasing number of smart beta strategies focused on the same risk factor, examining factor efficiency is one way to judge how much intended factor exposure market participants are obtaining.
Does Past Performance Matter?