Reports and investment research on ETFs and other fund vehicles, including mutual funds, UCITs and white papers on liquid alternatives. Research on liquid alts has received a lot of attention, as institutional investors and FOHFs show increasing interest in the many different types of liquid alternative mutual funds. For hedge funds, alternative UCITs provide another opportunity to expand... their investor universe. Research on future trends in UCITs has been popular, as have papers on the use of sub-advisers for liquid alternatives. The most popular ETF research includes papers on smart beta ETFs, best practices for ETF trading, Asian ETFs and bond ETFs. Different ETF articles will appeal to different members. For asset allocators seeking to make short-term allocations to an asset class, research providing a cost comparison of futures and ETFs has received many downloads. For DC Plan Sponsors, the question "should ETFs be an investment option in DC plans?" has generated a lot of interest, whereas for Canadian plan sponsors a paper questioning the use of mutual funds in Canadian pensions has proved popular.
This 40 page document provides a comprehensive overview of the characteristics of European equity indices, covering broad, country, sector and thematic indices. The report examines fund flows and investor sentiment, providing guidance in the use of ETFs to efficiently capture index returns.
Institutional investors can no longer rely on the old bond trading model to meet their liquidity needs. Bond ETFs allow for liquid, low-cost bond exposure without the structural challenges of the over-the-counter market.
This guide is designed to offer the tools and resources necessary for institutions to integrate…
Each quarter, we review the performance of over 6000 active funds domiciled in Europe. Together they manage more than €1.4tn – but are investors getting what they pay for? Q3 results were once again quite striking – and less than a ringing endorsement of active, despite some pockets of real improvement.
TABB’s outreach to the buy-side found there are still steps that much of the buy-side need to take with respect to workflows and internal practices to embrace ETFs for what they have become – an outright asset class on its own. Small to medium sized buy-side firms revealed a universal lack of expertise in primary or…
SPDR ETFs’ inaugural Bond Compass report provides unique insight for investors via a snapshot of both fixed income flows & holdings indicators, extracted from a wider data set that represents $10 trillion of assets, and PriceStats®, an innovative inflation tool tracking daily price changes of millions of online items.
SPDR ETFs’ inaugural Bond Compass report provides unique insight for investors via a snapshot of both fixed income flows & holdings indicators, extracted from a wider data set that represents $10 trillion of assets, and PriceStats®, an innovative inflation tool tracking daily price changes of millions of online items.
The year 2018 has been a difficult one for the broad alternative risk premia (ARP) market. Not only have these strategies lagged conventional 60/40 investing, their year-to-date negative performance has been widespread within the ARP market.
When it comes to the active versus passive debate, one of the key measurements of successful active management lies in the ability of a manager or a strategy to deliver above-average returns consistently over multiple periods. Demonstrating the ability to outperform peers repeatedly is the one way to differentiate a manager’…
UCITS recorded net sales of EUR 3 billion during Q3 2018, compared to EUR 15 billion in the second quarter of 2018. During the first three quarters of 2018, UCITS have attracted cumulative net sales of EUR 189 billion, compared to EUR 570 billion of first three quarters of 2017.
The US energy sector is not straightforward. At the end of 2017, Massachusetts in the Northeast had more solar capacity than Florida, the Sunshine State. Meanwhile Texas, the heartland of shale oil and gas, is also the nation's largest wind power producer. This paper is a deep dive into the complexities of the US energy…
Cliff Asness examines what has been a year of pain for liquid alts. Even as systematic value has mildly come back, other factors have taken up its mantle, further turning the screw. A bad year is expected occasionally, and we all understand this even if nobody likes it. But, given that our alts (as defined in this paper) are…
In 2018, most households that owned mutual funds were headed by individuals in their peak earning and saving years. Sixty-two percent of mutual fund–owning households were headed by individuals between the ages of 35 and 64. Many mutual fund owners were employed and had moderate household incomes. Seventy-six percent of…
In 2018, 44.8 percent of US households owned shares of mutual funds or other US-registered investment companies—including exchange-traded funds, closedend funds, and unit investment trusts—representing an estimated 57.2 million households and 101.6 million investors. Mutual funds were the most common type of investment…
Diversification and rebalancing form the cornerstone of Parametric’s Emerging Markets Strategy. The strategy provides greater country-level diversification by underweighting larger countries, overweighting smaller ones, and systematically rebalancing to maintain this greater level of diversification. We expect that a…
Regulation, technology and evolving client needs demand a re-think of portfolio construction that will revolutionise the role of index strategies in portfolios.
Sustainable investing is about investing in progress and recognizing that companies solving the world’s biggest challenges may be best positioned to grow. It is about pioneering better ways of doing business, and creating the momentum to encourage more and more people to opt in to the future we're working to create.
The authors of this paper argue that because investors are forgetting the value of liquidity, now is a good time for them to reflect on the capital preservation characteristics of fixed income, and in doing so, ask whether their portfolios’ liquidity may actually be a mirage.
Borne in academia and raised by fund managers seeking to outperform, value style mutual funds and ETFs today hold close to $2 trillion. But with poor returns over the past decade, the question of whether “value is dead” has become a popular topic of conversation.
Net new assets in the European ETF market rebounded to €4bn in November – well up from the €753m we saw in October. Equities gathered the bulk of the inflows (€2.8bn), after another strong month for US equities (€1.4bn) and further signs of renewed interest in ESG ETFs (€491m) and China equities (€334m). Fixed income ETF…
The 13th wave of Pollara's telephone survey of mutual fund investors in Canada. The study was initiated to better understand Canadian mutual fund holders, to identify their attitudes, opinions, needs, expectations and behaviours and to track these over time.
