Tag Archives: factor index
Multiple Paths to Multiple Factor Indexing
Single factor “smart beta” indicized strategies that were once exclusive to the realm of active management. Multifactor indexing is beginning to garner much interest as the newest chapter of index innovation. It’s a natural conjecture that if single factors are successful, combining more than one factor should prove even more beneficial. While any combination of…
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Smart Beta in India
2016 has been an unpredictable year on many fronts, whether it was Leicester City FC winning the Premier League, the Brexit, or the U.S. election results. In India, “demonetization” and the Goods and Services Tax (GST) are fundamentally altering fund managers’ target portfolios. Active institutional fund managers have the benefit of professionally run research teams….
No Big Deal
Twenty years from now, some bright young analyst looking at data for the U.S. stock market could be excused for thinking that the S&P 500’s 2.4% total return for October 2014 was no big deal – just one more routine good month in a long bull run. If the analyst is particularly inquisitive, he might…
- Categories Equities, S&P 500 & DJIA, Strategy
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Picking Factors Beats Picking Winners
If you were to ask a few commodity experts what is going on with precious metals (like an attendee did at our 8th annual commodities conference), the answer is long-winded since the story is different for each commodity. A few years back, the answer was far more simple where it depended on the RORO environment that…
- Categories Commodities
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- Commodities
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Coming Soon to a Dictionary Near You
It may have been 30 years ago, in the early days of stock index futures, that the verb “equitize” (and its cognate noun, “equitization“) came into relatively common use. The term, if Dr. Johnson will forgive me, meant “to provide equity returns without purchasing equity securities.” Typically this was accomplished by buying S&P 500 futures — if I…
- Categories Equities, S&P 500 & DJIA, Strategy
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