The Most Popular and Trending Papers of March 2018
This month's "Top 20" white papers include another fascinating and diverse selection of investment themes. They include: the implementation of factor strategies, responsible investing, the alternatives outlook, private equity investing, a guide to U.S. retirement, money market funds, gender diversity in investment management, stock/bonds correlations, the right investment return target, and more.
Implementation considerations for factor investing (FTSE Russell, 2018)
This report by FTSE Russell helps institutional investors ask the right questions and develop a deeper understanding of the role of factor investing to aid the decision-making process.
Reaping the Returns: 25 years of EMD investing (NNIP, 2018)
(For compliance reasons, this paper is only accessible in certain geographies)
NNIP's Emerging Market Debt (EMD) Hard Currency (HC) strategy celebrates its 25-year anniversary this year. Over that time, the EMD opportunity set has evolved considerably.
Preqin Investor Outlook: Alternative Assets H1 2018
This report by Preqin explores investors' appetite for alternatives investments - recent activity within the asset class and the likely challenges in 2018.
This is Responsible Investing (Eaton Vance Institutional, 2018)
(For compliance reasons, this paper is only accessible in the USA and Canada)
Eaton Vance International discusses Calvert's Four Pillars of Responsible Investing: performance, research, engagement, and impact.
Carbon Risk Integration in Factor Portfolios (S&P Dow Jones Indices, 2018)
S&P Dow Jones Indices shows that carbon-efficient factor portfolios can be a meaningful part of the core equity strategic and tactical asset allocation process.
Sell-Side Financial Analysts and the CFA Program (CFA Institute, 2018)
The CFA Institute examines the effects the Chartered Financial Analyst® (CFA) designation program has on recommendation performance and career outcomes of the analysts who complete the CFA Program and become CFA charterholders.
Global Private Equity Report 2018 (Bain & Company)
Bain & Company presents their flagship Global Private Equity Report for 2018, complete with a summary of PE activity in 2017, the implications of the flood of capital that was raised for buyouts, and stiff competition pushing up valuations.
Monthly Market Monitor (Eaton Vance, Mar 2018)
This Monthly Market Monitor by Eaton Vance presents a concise review of economic and asset class data through clear and impactful charts.
Money Market Funds: A State Street Study (2018)
Reforming global money markets has been a key focus for regulators. Recently, the European Parliament implemented the EU Money Market Fund reform. Here are State Street's findings from surveyed investors regarding this new regulation.
Exploring the world of factors - Nine academics on factor investing (Robeco)
This is a collection of interviews with high-profile factor investing experts. They share their thoughts and insights on factor investing, a concept which dates back to the 1970s but which has only been gaining traction in recent years.
Sector by sector: Fidelity International Analyst Survey 2018
(For compliance reasons, this paper is only accessible in the UK and Europe)
This is a summary of a larger report by Fidelity International into how companies across different sectors see the year ahead, and how they are positioning their businesses for what they think is coming.
Gender Diversity in Investment Management: Research on closing the Gender Gap
In the last year, CFA Institute discovered that women represent less than one in five CFA® charterholders. This report explores how investor outcomes can be improved through increased diversity in general, starting with the gender gap.
Stock/Bond Correlations: Relationship Troubles (UBS AM, Feb 2018)
This report considers the long-term correlation between equities and bonds, its drivers and the likelihood that we are entering a new and higher correlation regime between these two core asset classes.
2018 Guide to U.S. Retirement (JP Morgan AM)
This detailed report (49 pages) by JP Morgan Asset Management provides a helpful look into the U.S. retirement and savings landscape.
Rethinking Real Assets (bfinance, 2018)
In recent years, there has been an emphasis on diversification within real assets. How beneficial is this type of diversification, particularly in the later stage of the market cycle?
The economic impact of population ageing and pension reforms (ECB, 2018)
This article examines the macroeconomic and fiscal implications of population ageing in the euro area and looks at how pension reforms can help to address these challenges.
Asset Owner Guide: Crafting a Long-Term Responsible Investment Strategy (PRI)
A sound investment strategy is one that assesses long-term sustainability issues and understands how global megatrends will shape our future investment environment. This PRI report explores this in detail.
Is 5% the right return target for institutional investors? (Vanguard, 2018)
This paper by Vanguard considers whether 5% is a viable return target. It examines three key levers that institutions can use to maximize the probability of achieving success.
Global Real Assets Outlook: A dynamic investment environment (BlackRock, 2018)
This BlackRock report takes a dive into the world of real assets. The asset class has seen some of the strongest allocation growth of all asset classes in recent years.
Preqin Special Report: Top Performing Hedge Funds in 2017 (Mar 2018)
By using data taken from Preqin’s online platform, this report examines the top performing hedge funds over a one- and three-year basis, as well as those funds that have been performing consistently well over the past three and five years.