Webinar – Factor Performance Review and Insight Join our webinar for analysis and examination of the impact that COVID-19 volatility has had on regional factor performance and factor valuations. Philip Lawlor, managing director, Global Markets Research, and Marlies van Boven,
Quarterly Letter At the March lows, most risk assets appeared to be fair value or cheap, even assuming a moderate hit to fair value from a severe recession. In our multi-asset portfolios, we added to our …
The Invesco White Paper Series – March 2020 Due to its simplicity, market-cap weighting has long been a popular means of calculating the composition of market indexes. But as an investment strategy, market-cap weighting has limitations — frequently resulting in outsized
The decision over which factors to allocate to, and in what magnitude, has a significant impact on investment outcomes and is an important consideration for investors employing a factor approach to achieve investment objectives. It is analogous to the asset
#19 – Top Five Best Read Research on OpinioPro What research was read the most on OpinioPro this past week? Hereby a top five overview: On the fifth place: the CIO View by DWS: “Corona and Talf 2.0 – New
Qontigo has introduced a new series of factor-based indices known as the STOXX® Factor Indices. These are designed for investors who want to take advantage of the benefits of reaping factor premia while avoiding the noise that pervades many other
It has been a difficult couple of years for value and factor investing, and it has been no less difficult for us than others. We all owe it to ourselves to ask what we did right, what we did wrong
We believe that price is one of the most predictive determinants of future alpha and try to identify companies trading at cheap prices relative to their sales, earnings, cash flows, and dividends. While there are countless value strategies, we take
Webinar – Q1, 2020 Factor Performance Review and Insight Regional analysis and examination of the impact of Covid-19 on factor performance. Following the publication of our next Market Maps Factor Indicator quarterly report, Philip Lawlor and Marlies van Boven, FTSE
Webinar – Factor Performance and Outlook for Volatile Markets Special edition of Factor Research Quarterly Getting paid for the risk investors take is important for any market environment, but especially in this period of historic volatility. Many investors are preparing
Webinar – Managing Your Portfolio in an Extreme EMEA Factor Environment March 26, 2020, 2:00 PM GMT | 3:00 PM CET As the spread of coronavirus (COVID-19) continues, we are witnessing uncharted turmoil in the global equity markets with factor behaviors
Webinar – Managing Your Portfolio in an Extreme US Factor Environment March 25, 2020, 11:00 AM ET | 8:00 AM PT As the spread of coronavirus (COVID-19) continues, we are witnessing uncharted turmoil in the global equity markets with factor behaviors
Webinar – Navigating Market Uncertainty With Factors & ESG, partnership with IPE As market volatility, geopolitical risks and economic uncertainty continue to shake global markets, it’s critical for institutional investors to re-evaluate their risk positioning. This means running portfolios as
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
BII Global weekly commentary We still favor the quality factor for its resilience in late-cycle periods, despite its muted performance this year. We retain for now our moderate pro-risk stance over the next 6-12 months, with an eye on rising
AQR White Paper One of the most important topics on investors’ minds following the Global Financial Crisis was how to protect their portfolios from the next crisis. Our paper "Chasing Your Own Tail (Risk)" was our response.1 In it, we
Cliff’s Perspective Early in the classic movie Young Frankenstein, when the villagers’ suspicions have begun to rise, inspector Kemp cautions them against going too far and starting a dangerous riot. Later in the movie he relents and announces that this
Value benefits from Behavioral Finance effects In 1934, Benjamin Graham and David Dodd stated in their book „Security Analysis“ that investors could profit from mispricing by investing in low-valued and unpopular stocks. This Value effect, that was later confirmed worldwide by academic
Risk & Reward – Research and investment strategies Asset management firms often stress the importance of risk management – and Invesco is no exception. But successful risk management is more than mitigating risk. Taking enough risk is equally important, especially
Asia’s ESG investing, data integrity and technology Key findings The rise of ESG in Asia: some 95% of respondents believe that ESG investing is important to their firm, with the overwhelming majority saying it will be more so in three
In brief Negative returns to Value factors over the past ten years might lead one to conclude that such factors' returns will also be challenged going forward. Momentum has had relatively better returns over the same period but has also
Not So Much… Equity markets around the globe prospered in 2019, as investors were buoyed by the de-escalation of the US-China trade war towards the end of the year, central bank easing around the world—including three interest-rate cuts by the
Blitz and Marchesini (2019) question the investability of factor indices and argue that active management is needed to avoid capacity issues. We show that these claims do not hold. Well-designed implementation rules avoid capacity problems that may arise with poorly
Focal Point We introduce our proprietary equity valuation tool which provides indications of over- or undervaluation for different sectors and styles of European equities. The regression-based models use macro and financial variables to provide fair value estimates of the ratio between
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
"#US #Policy-makers looking for a plan B" -> https://www.opiniopro.com/2020/07/axa/us-policy-makers-looking-for-a-plan-b/
"#Stocks began last week on a strong note" -> https://www.opiniopro.com/2020/07/t-rowe-price/stocks-began-last-week-on-a-strong-note/ #weekly #market #recap
"The rising #challenge of #sustainability #fraud" -> https://www.opiniopro.com/2020/07/opiniopro-selection/the-rising-challenge-of-sustainability-fraud/
"Lessons from Japan" -> https://www.opiniopro.com/2020/07/financial-partners/lessons-from-japan/
"#US #Presidential #Election Comes into Focus" -> https://www.opiniopro.com/2020/07/ubp/us-presidential-election-comes-into-focus/
