Index Products and ETFs

Still looking at ETFs while benchmarks shift so much?

Explore the latest insights into the growing world of ETFs and the changing landscape of indices. Here you will find timely perspectives from global institutions operating at the forefront of these developments. 

ON ETFs

ETFs in Asset Owner Portfolios – Q1 2024 (S&P Dow Jones Indices)

For more than a decade, pensions, endowments, foundations, and sovereign wealth funds have invested in ETFs. What has attracted them to these products?

Elevating ETFs: Digital Assets, Market Trends and Sector Trajectories (EY)

The global exchange-traded fund market hit a new record of assets under management of over $11.6 trillion at the end of 2023.

Will ETFs Drive Mutual Funds Extinct? (Wharton School)

From an investor’s perspective, the key friction point in ETFs is the potential for relative mispricing between the ETF price, at which investors can trade, and the fund NAV.

A Brief History of Defined Outcome ETFs (Investments & Wealth Institute)

As an investment thesis, defined outcome investing is not new. In fact, the earliest transactions in ancient civilizations appear not to have been for barter but rather for credit.

ON INDICES

The S&P 500 Index Rebalance: The "Why" & "How" (Northern Trust Asset Management)

The March rebalance reverses a recent trend in its overall trade size, with this event being smaller than in the previous three quarters.

Indexing the World: Building a Better Benchmark (FTSE Russell)

For compliance reasons, this paper is only accessible in certain geographies

FTSE GEIS is governed by a well-defined framework that draws from strong internal expertise, with support from external independent committees of leading market participants.

Top-Down vs. Bottom-Up Index Forecasts (University of Kansas)

Investors can benefit when they use both bottom-up and top-down forecasts in combination when they form expectations for aggregate earnings.

The Magnificent Seven: Fortune or Folly? (Morningstar)

Neither the Nifty Fifty nor the FANG stocks can serve as useful comparisons for the Magnificent Seven in order to understand market concentration.

The Magnificent Seven: Should We Be Worried about Market Concentration? (Meketa)

As of December 31, 2023, the Magnificent Seven stocks cumulatively represented 22% of the Russell 3000 index. Is this too much of a concentration?