Over the last few months, the COVID-19 pandemic has taken its toll on the global economy in a way that no one could have expected. Unsurprisingly, many companies have had to reassess their dividend policy—in many cases resorting to cutting, postponing, or even suspending dividend payments. Against this background, it is beneficial to review the Read more [...]
Short sellers often receive negative publicity when there is a market downturn, but is this really warranted? Are short selling bans (like those that have been implemented in response to the present crisis) effective? In order to understand these questions fully, it's necessary to look a little deeper into the practice of short selling. Within this list of papers, there are several…
Dividend-paying companies have been in the spotlight as a direct consequence of the ongoing COVID-19 pandemic and crude oil glut crisis. A combination of strained corporate cash flows and political intervention has seen many companies cancel, cut or postpone payments globally. In this blog, we examine the potential impact of these events on the S&P Read more [...]
Dividends play a vital role in many investors’ approach to the market, although there is more than one way to approach dividends. Some investors are most concerned with dividend yield per se, while others are more sensitive to the growth of dividends over time. Both approaches, of course, can be readily indicized. Within the U.S. Read more [...]
The exchanged-traded fund (ETF) structure has led to increased investment options within fixed income, and the African markets are a clear example of this. Over the past few years, several African ETFs have been introduced to the market, tracking indices provided by S&P Dow Jones Indices in South Africa, Nigeria, and Namibia, giving investors options Read more [...]
Invesco Global Factor Investing Study 2017 reveals state of the marketplace
This year's Invesco Global Factor Investing Study reveals that growth in the sector remains strong. Large investors are increasingly integrating a factor approach into their wider processes, while smaller institutional
Some market observers have speculated many companies could cut dividends as the COVID-19 pandemic continues to unfold. However, that doesn’t mean there aren’t still opportunities for yield-seeking investors, says Franklin Equity Group’s Nick Getaz and Matt Quinlan.
The shift from Single to Multi-Factor investing strategies
Factor investing continues to gain market share in investor portfolios, though in recent years a more nuanced approach is appearing, one in which investors appear to be abandoning single-factor exposure and opting for an approach that f
Wall Street's major indexes lost ground on Tuesday as investors moved out of market-leading growth stocks, though a rotation into cyclical value stocks indicated hopes of economic revival as states began to relax restrictions enacted to fight the deadly COVID-19 pandemic.
Mamdouh Medhat and Berardino Palazzo | A risk factor linked to aggregate equity issuance conditions explains the empirical performance of investment factors based on the asset growth anomaly of Cooper, Gulen, and Schill (2008). This new risk factor, dubbed equity ﬁnancing risk (EFR) factor, subsumes investment factors in leading linear factor models. Most importantly, when substituted for…