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Top 20 White Papers of July 2018

The Most Popular and Trending Papers of July 2018

It's that time again! Here is our selection of the most popular and trending content from July. Why not kick back and relax with one of these top papers? Themes for this month include ESG issues, surveys of institutional asset managers, and strategies such as low volatility, multi-asset, and quantitative equity investing.

cocktail july top papers


The Current State of Quantitative Equity Investing (CFA Institute Research Foundation, 2018)
This report provides an overview of risk and return, modern portfolio theory, factor investing, and other concepts, as a basis for understanding quantitative equity investing, and goes on to discuss recent developments in this field.

Why and How Investors Use ESG Information: A Global Survey (Financial Analysts Journal, 2018)
This survey from the Financial Analysts Journal describes the ways in which investors are using ESG information in their investment decision-making processes as well as their motivations and any relevant impediments in the process. 

The Politics and Processes of Brexit (Franklin Templeton, Jul 2018)
(For compliance reasons, this paper is only accessible in the EMEA region)
Franklin Templeton provides an update on Brexit, as it will likely carry significant implications for institutional investors in UK assets. 

Invesco Global Sovereign Asset Management Study 2018
(For compliance reasons, this paper is only accessible in certain geographies)
Invesco surveys investment professionals at state pension funds, central banks, and sovereign wealth funds in this global survey. The combined AUM of the 126 respondents is over US$17 trillion. 

8 questions in 90 days: Prep for the US pension deadline (Wellington, Jun 2018)
For the next 6-7 weeks, U.S. plan sponsors are able to make plan contributions that are written off at a higher corporate tax rate, which is also an opportunity to alter allocations. The Wellington LDI Team discusses further.

UK Competition Authority report on Investment Consultants
The UK's Competition and Markets Authority presents its 330 page provisional decision on the market for Fiduciary Management and Investment Consulting services. The report provides a variety of industry recommendations.

Three Reasons U.S. Investors Should Consider Global Loans (Barings, Jun 2018)
Widening European credit spreads and divergent monetary policy tactics may provide an opportunity for U.S. investors within senior secured loans in Europe. Barings outlines the reasons why in further detail.

Incorporating UN SDGs into ESG Research via SASB Tools (Eaton Vance, May 2018)
(For compliance reasons, this paper is only accessible in the United States and Canada)
In this case study, Calvert uses the SASB materiality matrix to identify financially material SDGs, and then translate them into a context appropriate for investors.

Investment Outlook for the Automotive Industry (William Blair, June 2018)
Five research analysts from William Blair exchange their views on the automotive industry, and how advancements like driver-assistance systems, electric vehicles, and ridesharing are creating opportunities for active managers.

2018 Investment Company Fact Book (ICI)
This detailed report by the Investment Company Institute (over 300 pages) provides a wealth of information on investor characteristics within the context of market developments. A must read!

Broad Diversity as a Driver of Meritocracy (Invesco, 2018)
(For compliance reasons, this paper is only accessible in certain geographies)
Diversity is widely recognized today as a source of competitive advantage. This report looks at the story of diversity in the workplace over the past 50 years, along with groundbreaking research in the field. 

Multi-Asset Credit: A Dynamic Strategy For Uncertain Times (PineBridge, 2018)
Today's rate environment may not be condusive to traditional fixed income strategies; alternative solutions such as Multi-Asset Credit may be able to assist investors in achieving their objectives.

An Alternative to Hedge Fund Investing: A Risk-Based Approach (GSAM, 2018)
Although hedge funds have historically produced returns that are positive and they often have lower correlations with traditional asset classes, there are also drawbacks to hedge fund investments. Goldman Sachs discusses another option.

Cash-Flow Driven Investing, Private Credit and Real Assets (BNP Paribas, 2018)
Asset allocators and institutional investors that undertake cash-flow driven investments have increasingly been lowering traditional equity and bond holdings in favour of illiquid instruments.

M&A in the Asset Management Space (eVestment, Jul 2018)
With constant evolution in the asset management business, institutional investors have increasingly used eVestment data to identify and assess global M&A targets in the asset management industry. 

Global Outlook (The Economist, Aug 2018)
This report by the Economist Intelligence Unit provides new forecasts for different economies around the world, as well as insights into exchange rates, global trade, commodity prices, and more.

Disruption: Is commercial real estate ready? (TH Real Estate, Jul 2018)
This report by TH Real Estate discusses recent advancements and attempts to answer the question of why it has taken so long for innovation to come to the real estate industry.

Low Volatility: A Practitioner's Guide (S&P Dow Jones Indices, Jun 2018)
Low volatility indices from S&P DJI cover a variety of international and single-country markets, providing context on lower volatility equity returns.

Multi-Asset Class Strategies: How Do I Use Thee? Let Me Count The Ways (GMO)
GMO explains the 5 use cases for multi-asset class strategies and the rationale behind each of them.

The "Roll Yield" Myth (Financial Analysts Journal, 2018)
Although the term 'roll yield' is somewhat of a misnomer as no actual cash flow occurs, the term does hold some explanatory power. 

Supporting Your Multi-Market Business Growth Strategy (State Street, Jul 2018)
Despite political/regulatory concerns in a variety of local markets, global asset managers foresee an environment in which cross-border fund sales will increase over the next 5 years.

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