20 Top Whitepapers from July 2019
Popular and Trending Papers from July 2019
Savvy Investor's list of 20 top papers for the month of July encompasses megatrends within the investment industry, factor investing, ESG risks, and many other hot topics.
Please note that all 20 papers may not be visible due to geographic restrictions. For further examples of top content across a variety of different topics, head to Savvy Investor today and browse through the premier collection of whitepapers that the investment industry has to offer.
A Perspective on the Current Stability of Global Equity Markets (Intech, Jul 2019)
For compliance reasons, this paper is only accessible in certain geographies
Intech's Equity Market Stress Monitor has recently suggested caution for global equity investors. The authors point towards a reduction in systematic risk via low beta exposure.
Russell 3000: Mirroring the U.S. equity market since 1984 (FTSE Russell, 2019)
Using four decades of data, this 30-page paper by FTSE Russell examines how U.S. equity markets have reflected the overall growth in the U.S. economy, particularly the shift from large industry to a sharp focus on technology and services.
Using alternative data to spot ESG risks (MSCI blog, 2019)
Corporate ESG disclosure information is on the rise, but investors may not fully understand the ESG risks that are financially relevant. This MSCI blog post describes how they can get a better sense of their vulnerabilities to disasters that are ESG-related.
Investment Professional of the Future (CFA Institute, 2019)
In their 40 page report, the CFA Institute examines the changing world of work for investment professionals, providing a roadmap to help both organizations and individuals navigate the challenges that lie ahead. The authors show that the investment professional of the future must keep learning and adapting, investing in new-era skills and harnessing new technology in order to succeed.
Megatrends: The forces shaping our future (iShares, 2019)
For compliance reasons, this paper is only accessible in certain geographies
This whitepaper presents five megatrends driving structural shifts in the global economy: urbanisation, demographics, emerging wealth, climate change, and technological advancements.
Salaries in the Asset management and Pensions Industries (Jul 2019)
Every quarter, our Content Team curates a unique list of the best asset manager salary surveys from around the world, providing our members with information on benchmark salaries for investment management professionals.
Understanding and unlocking the value in gender equity (Eaton Vance, 2019)
For compliance reasons, this paper is only accessible in the United States and Canada
In this 28-page report, Calvert calls for increased diversity and inclusion in the workforce, highlighting the material benefits of gender diversity to society as a whole, and providing a detailed analysis of the gender pay gap and female employment globally.
Collective Investment Trusts Reduce DC Plan Costs (AB, 2019)
For compliance reasons, this paper is only accessible in North America and South America
CIT usage continues to grow, as employers face pressure to offer cost efficient investment options for their employees while still fulfilling their fiduciary duty.
The Risks of Deviating from Academically-Validated Factors (Scientific Beta, 2019)
The definitions of factors used by index providers can differ from the academic community. This 34-page paper discusses these differences and the risk for investors in adopting incorrect exposures.
Reducing the cost and complexity of supporting alternatives (SimCorp, 2019)
Institutional, multi-asset investors that utilise alternatives often must navigate issues with transparency, costs, and achieving the right risk/return balance. SimCorp illustrates several problems with a 'traditional' approach to alternatives management and what can be done to combat these concerns.
What Is a Factor? The Impact of the Long-Only Constraint (Axioma, 2019)
This is part 2 of Axioma's popular series on “What Is a Factor?” Many investors are not permitted to "short" stocks, but are measured against “factors” that can go short. This paper examines the impact of that long-only constraint.
A look back, and forward, and how, when, and why factors work (O'Shaughnessy AM, 2018)
The Momentum and Value factor premia are a result of divergent and convergent processes; the authors clarify this point in further detail.
Under the hood: Rating ESG funds (MSCI blog, 2019)
MSCI presents a transparent explanation of their ESG rating system for the over $30 trillion AUM that's invested in funds which consider ESG issues to be a part of their investment process.
Does Past Performance Matter? The Persistence Scorecard (S&P Dow Jones Indices, Jul 2019)
It is said that 'past performance does not predict future results.' The S&P Persistence Scorecard evaluates what percentage of top performing managers manage to actually remain at the top.
Megatrends: The economics of a graying world (Vanguard, 2019)
What affect will the ageing of global population have on economic activity? As part of their megatrends series, the Vanguard economics team explores the muting effect on GDP growth and examines the investment implications.
U.S. Corporate Bond Market: Where Has My Credit Premium Gone? (Mellon Capital, 2019)
Mellon Capital asks the question - Is the credit risk premium a better risk measure than the option-adjusted spread for corporate bonds?
Why Corporate Profits are Overstated and What it Means for Investors (O'Shaugnessy AM, 2019)
Due to corporate capital allocation, corporate earnings may be routinely overstated. What are the implications for valuation models and for equity investors?
ESG Data in China: Recommendations for Primary ESG Indicators (UN PRI, 2019)
This report from UN PRI provides recommendations to Chinese regulators for their ESG disclosures, so that they can be raised to a higher standard for the international investment community.
Optimizing Yield Curve Positioning for Multi‑Asset Portfolios (PIMCO, 2019)
Given the current flat/inverted yield curve for U.S. Treasuries, how can investors allocate duration effectively while also hedging equity risk? PIMCO describes how both may still be possible via swap overlays.
