The focus of the paper is on the environmental footprint of commodities and the incorporation of environmental metrics into transparent, rules-based commodity indices. In the first section, we identify and discuss the various challenges associated with investing in commodities from
A cross-sector look at the energy transition Editorial Welcome: The Energy Transition Becomes More Complex Amid Geopolitical Shifts and Security of Supply As the energy transition continues to gather pace, decarbonization remains a key priority for both policymakers and market
Investing in infrastructure has become popular among institutional and private investors in recent years. Investors could be attracted to the potentially long-term, low-risk and inflation-linked profile that can come with infrastructure assets, and they may find that it is an
China’s economy and equity market have grown substantially in size and prominence over the past decade. Mainland-listed China A-shares have likewise become more accessible to global investors during this expansion, broadening the opportunity set beyond offshore shares. As of Jan.
In spite of the ongoing COVID-19 pandemic throughout 2021, European equity markets were buoyant, recovering well from the extreme volatility of the previous year. The S&P Europe 350® was up 26.1% in 2021.
Investors across the Asia Pacific region are becoming more selective in their asset choices, with long-term capital growth, diversification and sustainability playing key roles in where, why and how they allocate in 2021, according to an exclusive survey by AsianInvestor
Indexology SPRING 2021 Magazine: We talked with Francois Millet, Managing Director and Head of Strategy, ESG, and Innovation at Lyxor ETF, and Jaspreet Duhra, Senior Director and Head of EMEA ESG Indices at S&P DJI, about the evolving role of ESG
The benefits of diversifying across a multitude of smart beta equity factors have been supported and explained in a host of research and literature1 . Single-factor indices (quality, value, momentum, low volatility, and small size) may reward market participants over the long term, but can be notoriously difficult to time over the shorter term. Multi-factor indices, on …
Index Education The launch of the S&P 500 ESG Index in April 2019 signaled an evolution in sustainable investing. Indices based on environmental, social, and governance (ESG) data were no longer simply a means for companies to declare their sustainability
Above-average equity volatility continued in October, despite a decline from last month’s level for the S&P 500 and most of our reported indices. The short-term trend was less encouraging: much of October’s volatility occurred during a choppy final week as
Drastic volatility hit the U.S. stock market in the first half of 2020. The S&P 500® declined by 3.1%, with negative returns also posted by the S&P MidCap 400® (-12.8%) and the S&P SmallCap 600® (-17.9%). The S&P 500 reached
As the global economy continued to inch back towards normality and equity markets recovered ground, most of our reported risk indicators declined in August. The realized volatility of the S&P 500, S&P Composite 1500, S&P Developed Ex-U.S. BMI and S&P
The Fleeting Alpha Scorecard is a semiannual report showing how well outperforming mutual funds from one three-year period continue to outperform thereafter. It combines …
These are the dog days of summer in the northern hemisphere, with volumes across world equity markets at their seasonal lull. With August’s thinner-than-usual liquidity, we often observes spikes in volatility when events require that traders return to their desks
Index Investment Strategy
April offered a welcome rally for global equities as the novel shock of pandemic became cruelly familiar, and markets adjusted to the new normal. The S&P Europe 350 gained 6% on the month, picking up steam in the final week
SUMMARY OF RESULTS The S&P Persistence Scorecard attempts to distinguish a manager’s luck from skill. One key measure of successful active management lies in the ability of a manager to outperform his peers consistently. This report’s results show that, irrespective
Index Dashboard: Europe
S&P Dow Jones Indices (S&P DJI) publishes a series of low volatility indices, offering market participants a perspective on the returns of lower volatility equities and forming the basis for index-linked products globally. 1 Low volatility indices have typically outperformed
Investors the world over have made allocations to U.S. stocks, which include some of the world’s largest companies. Ex-U.S. investors appear to have explored little beyond the so-called “blue chips,” however. As shown later, European fund investors, in particular, have
Global Credit Conditions While there continues to be high uncertainty about the rate of spread and timing of the peak of the 2019 new coronavirus (Covid-19), modeling by academics with expertise in epidemiology indicates a likely range for the peak
Indexology WINTER 2020 Magazine Fifty years ago there were no index funds. All investment portfolios were “active, ” which meant that their managers attempted to outperform benchmark indices like the S&P 500 ® . Today, we estimate that between one quarter
On the brink of irreversible climate change, a combination of ground- breaking datasets and index innovation is emerging, through which investors will have the choice to align their investments to a future climate scenario compatible with mitigating catastrophic global warming
The global sukuk market has enjoyed tremendous growth since 2013. As measured by the Dow Jones Sukuk Total Return Index and the S&P Global High Yield Sukuk Index, the U.S. dollar-denominated sukuk market experienced a compound annualized growth rate of
Five Decades of History S&P Dow Jones Indices(S&PDJI) publishes a series of low volatility indices, offering market participants a perspective on the returns of lower volatility equities and forming the basis for index–linked products globally.1Low volatility indices have typically outperformed
Commentary Despite slowing growth and Britain’s ongoing struggles to map an exit from the E.U., central bank stimulus and falling yields helped European equities to mark their best year since 2009. The benchmark S&P Europe 350 rose 6% in the
Despite slowing growth in the Eurozone, prolonged uncertainty over Britain's exit from the E.U., and global trade conflicts, European equities can look back on their best year since 2009; the benchmark S&P Europe 350 rose 2% this month to complete 2019 with a
The “Trucost” of Climate Investing: Managing Climate Risks in Equity Portfolios Sustainable investing1 is a significant consideration for an ever-growing class of investors. Forty-two percent of investors surveyed in North America (Schroders Global Investor Study, 2017) cited performance as a
Mid-cap stocks have often been overlooked in favor of other size ranges in investment practice and in academic literature. Yet mid-caps have outperformed large- and small-caps, historically: the S&P MidCap 400 has beaten the S&P 500 ® and the S&P
Introduction ndices play a multifaceted role in investment management. Passive investors use indexed-linked investment products to gain exposure to particular investment universes, market segments, or strategies. Active investors use indices as benchmarks to compare actively managed funds to indices representing
Summary European equities rose this month, for once without any new stimulus from central banks. Instead, improving economic data saw both stock prices and bond yields rise. The S&P Europe 350 gained 3%, keeping it on track for its best year since 2009.
European equities ended October in positive territory, despite concerns about slowing economic growth in the Eurozone and continued Brexit uncertainty. The S&P Europe 350 gained 1.1% and is on track for its best year since 2009. Most European sectors finished October
Despite slowing growth in Europe’s economic heartlands and ongoing “Brexit” uncertainty, the markets were cheered after the European Central Bank extended its deposit rate further into negative territory and announced another round of asset purchases.
S&P Dow Jones Indices
A quarter of all professionally managed assets now incorporate environmental, social, and governance (ESG) considerations, 1 from the impact of climate change to equality and human rights. The rich history of S&P Dow Jones Indices (S&P DJI) in this area
This report adds institutional accounts to the mutual funds analyzed in the S&P Indices Versus Active (SPIVA) U.S. Scorecards. We also examine the impact of fees. Overall, underperformance among institutional equity accounts was not meaningfully different from that reported for
The year 1999 gave the world the euro, The Matrix, and the world’s first ever global sustainability benchmark—the Dow Jones Sustainability Index (DJSI). The product of a landmark collaboration between S&P Dow Jones Indices and SAM1 (now RobecoSAM), the DJSI
A robust and active trading ecosystem benefits asset owners and investment managers by fostering transparency, market efficiency, and investor confidence. This paper documents, for the first time, the extent and nature of that ecosystem for indices produced by S&P Dow
Low-carbon and factor-based investing are two key trends in the global investment management industry. This paper investigates the impact of low-carbon screening on traditional market-cap-weighted portfolios and factor portfolios (quality, value, momentum, and low volatility) across seven Asian markets: Australia,
Summary As Britain struggled to chart a course towards an EU exit deal, U.K. stocks weighed heavily on the S&P Europe 350 in August, while sovereign bond prices rose across the continent. The S&P Europe 350 declined 1.4%, with the
Index Dashboard: Europe
European equities continued their rally into Q2 with the S&P Europe 350 rising 3%, modest compared to its stellar first quarter gains of 13%. Most of our core European factor indices rose in the second quarter, with the S&P Europe
Index Investment Strategy
The rising correlations reflected the market’s increased concerns of a global economic slowdown. That neither correlations nor benchmark volatility rose much above average was indicative of the month’s other major theme: the escalating trade war between the U.S. and China
Index Dashboard: U.S
Index Dashboard: Europe
S&P Dow Jones Indices
S&P Global Equity Indices Monthly Update April 2019
