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.
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.
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.
With growth stuttering, here in the UK and on the mainland, and a potentially chaotic Brexit looming, the enduring strength of the US economy and the S&P 500 have been magnets for investors. But nothing lasts forever, and the cycle is ageing. We’re still championing US equities but, in our view, it is now time to be a…
Greenwich Associates conducted interviews with 87 institutions in the United States and Europe that currently utilize bond ETFs in their portfolios. The study found that due in large part to market liquidity and trading cost issues, 60% of institutions have increased their use of bond ETFs in the past three years, with…
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.
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…
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.
S&P Dow Jones Indices has been the de facto scorekeeper of the ongoing active versus passive debate since the first publication of the SPIVA U.S. Scorecard in 2002. Over the years, we have built on our experience publishing the report by expanding scorecard coverage into Australia, Canada, Europe, India, South Africa,…
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.
S&P Dow Jones Indices has been the de facto scorekeeper of the ongoing active versus passive debate since the first publication of the S&P Indices Versus Active Funds (SPIVA) U.S. Scorecard in 2002. The SPIVA Europe Scorecard measures the performance of actively managed European equity funds denominated in euro (EUR…
The evolution in index investing has led to a wide range of indices and investment vehicles for institutional investors to choose from depending on their financial objectives and needs. This report by BlackRock highlights how institutions are using ETFs across asset classes to improve portfolio outcomes.
Cliff discusses the recent tough times for quantitative factor-based liquid alts and makes the case for why the painful and difficult times are a big part of why our quantitative factors are real and can improve long-term results for those who can allocate part of their portfolio to them and then stick with it.
The past couple of decades have seen a significant shift in assets from active to passive investment strategies. This report examines the potential effects of this shift on financial stability through four different channels: (1) effects on investment funds’ liquidity transformation and redemption risks; (2) passive…
The SPIVA Canada Scorecard reports on the performance of actively managed Canadian mutual funds versus that of their benchmarks, corrected for survivorship bias. It also shows equal- and assetweighted peer averages.
This quarterly report is designed to compare managed fund ranges across asset managers and domiciles in Europe by aggregating their Morningstar ratings.
The market for actively managed exchange traded funds is growing rapidly, especially in Australia where mandatory pension contributions are rising and investors value their ease of use. The key benefits for investors in active ETFs can include immediate and intraday execution, a simplified transaction process and the…
In this report, we measure the performance persistence of Latin American active funds that outperformed their peers and benchmarks over consecutive three- and five-year periods, as well as their transition matrices over subsequent time periods.
