[{"display":"Tim Edwards","title":"Managing Director, Index Investment Strategy","image":"\/wp-content\/authors\/timothy_edwards-535.jpg","url":"https:\/\/or.indexologyblog.com\/author\/timothy_edwards\/"},{"display":"Hamish Preston","title":"Head of U.S. Equities","image":"\/wp-content\/authors\/hamish_preston-512.jpg","url":"https:\/\/or.indexologyblog.com\/author\/hamish_preston\/"},{"display":"Anu Ganti","title":"U.S. Head of Index Investment Strategy","image":"\/wp-content\/authors\/anu_ganti-505.jpg","url":"https:\/\/or.indexologyblog.com\/author\/anu_ganti\/"},{"display":"Fiona Boal","title":"Managing Director, Global Head of Equities","image":"\/wp-content\/authors\/fiona_boal-317.jpg","url":"https:\/\/or.indexologyblog.com\/author\/fiona_boal\/"},{"display":"Phillip Brzenk","title":"Managing Director, Global Head of Multi-Asset Indices","image":"\/wp-content\/authors\/phillip_brzenk-325.jpg","url":"https:\/\/or.indexologyblog.com\/author\/phillip_brzenk\/"},{"display":"Wenli Bill Hao","title":"Director, Factors and Dividends Indices, Product Management and Development","image":"\/wp-content\/authors\/bill_hao-351.jpg","url":"https:\/\/or.indexologyblog.com\/author\/bill_hao\/"},{"display":"Howard Silverblatt","title":"Senior Index Analyst, Product Management","image":"\/wp-content\/authors\/howard_silverblatt-197.jpg","url":"https:\/\/or.indexologyblog.com\/author\/howard_silverblatt\/"},{"display":"Michael Orzano","title":"Head of Global Exchanges Product Management","image":"\/wp-content\/authors\/Mike.Orzano-231.jpg","url":"https:\/\/or.indexologyblog.com\/author\/mike-orzano\/"},{"display":"John Welling","title":"Senior Director, Head of Global Equity Indices","image":"\/wp-content\/authors\/john_welling-246.jpg","url":"https:\/\/or.indexologyblog.com\/author\/john_welling\/"},{"display":"Maria Sanchez","title":"Director, Sustainability Index Product Management, U.S. Equity Indices","image":"\/wp-content\/authors\/maria_sanchez-527.jpg","url":"https:\/\/or.indexologyblog.com\/author\/maria_sanchez\/"},{"display":"Shaun Wurzbach","title":"Managing Director, Head of Commercial Group (North America)","image":"\/wp-content\/authors\/shaun_wurzbach-200.jpg","url":"https:\/\/or.indexologyblog.com\/author\/shaun_wurzbach\/"},{"display":"Silvia Kitchener","title":"Director, Global Equity Indices, Latin America","image":"\/wp-content\/authors\/silvia_kitchener-522.jpg","url":"https:\/\/or.indexologyblog.com\/author\/silvia_kitchener\/"},{"display":"Akash Jain","title":"Director, Global Research & Design","image":"\/wp-content\/authors\/akash_jain-348.jpg","url":"https:\/\/or.indexologyblog.com\/author\/akash_jain\/"},{"display":"Ved Malla","title":"Associate Director, Client Coverage","image":"\/wp-content\/authors\/ved_malla-347.jpg","url":"https:\/\/or.indexologyblog.com\/author\/ved_malla\/"},{"display":"Brian Luke","title":"Senior Director, Head of Commodities, Real & Digital Assets","image":"\/wp-content\/authors\/brian.luke-509.jpg","url":"https:\/\/or.indexologyblog.com\/author\/brian-luke\/"},{"display":"Rupert Watts","title":"Head of Factors and Dividends","image":"\/wp-content\/authors\/rupert_watts-366.jpg","url":"https:\/\/or.indexologyblog.com\/author\/rupert_watts\/"},{"display":"Jason Giordano","title":"Director, Fixed Income, Product Management","image":"\/wp-content\/authors\/jason_giordano-378.jpg","url":"https:\/\/or.indexologyblog.com\/author\/jason_giordano\/"},{"display":"Sherifa Issifu","title":"Senior Analyst, U.S. Equity Indices","image":"\/wp-content\/authors\/sherifa_issifu-518.jpg","url":"https:\/\/or.indexologyblog.com\/author\/sherifa_issifu\/"},{"display":"Qing Li","title":"Director, Global Research & Design","image":"\/wp-content\/authors\/qing_li-190.jpg","url":"https:\/\/or.indexologyblog.com\/author\/qing_li\/"},{"display":"George Valantasis","title":"Associate Director, Factors and Dividends","image":"\/wp-content\/authors\/george-valantasis-453.jpg","url":"https:\/\/or.indexologyblog.com\/author\/george-valantasis\/"},{"display":"Sean Freer","title":"Director, Global Equity Indices","image":"\/wp-content\/authors\/sean_freer-536.jpg","url":"https:\/\/or.indexologyblog.com\/author\/sean_freer\/"},{"display":"Glenn Doody","title":"Vice President, Product Management, Technology Innovation and Specialty Products","image":"\/wp-content\/authors\/glenn_doody-517.jpg","url":"https:\/\/or.indexologyblog.com\/author\/glenn_doody\/"},{"display":"Liyu Zeng","title":"Director, Global Research & Design","image":"\/wp-content\/authors\/liyu_zeng-252.png","url":"https:\/\/or.indexologyblog.com\/author\/liyu_zeng\/"},{"display":"Priscilla Luk","title":"Managing Director, Global Research & Design, APAC","image":"\/wp-content\/authors\/priscilla_luk-228.jpg","url":"https:\/\/or.indexologyblog.com\/author\/priscilla_luk\/"},{"display":"Barbara Velado","title":"Senior Analyst, Research & Design, Sustainability Indices","image":"\/wp-content\/authors\/barbara_velado-413.jpg","url":"https:\/\/or.indexologyblog.com\/author\/barbara_velado\/"},{"display":"Benedek V\u00f6r\u00f6s","title":"Director, Index Investment Strategy","image":"\/wp-content\/authors\/benedek_voros-440.jpg","url":"https:\/\/or.indexologyblog.com\/author\/benedek_voros\/"},{"display":"Cristopher Anguiano","title":"Senior Analyst, U.S. Equity Indices","image":"\/wp-content\/authors\/cristopher_anguiano-506.jpg","url":"https:\/\/or.indexologyblog.com\/author\/cristopher_anguiano\/"},{"display":"Maya Beyhan","title":"Senior Director, ESG Specialist, Index Investment Strategy","image":"\/wp-content\/authors\/maya.beyhan-480.jpg","url":"https:\/\/or.indexologyblog.com\/author\/maya-beyhan\/"},{"display":"Fei Wang","title":"Senior Analyst, U.S. Equity Indices","image":"\/wp-content\/authors\/fei_wang-443.jpg","url":"https:\/\/or.indexologyblog.com\/author\/fei_wang\/"},{"display":"Jason Ye","title":"Director, Factors and Thematics Indices","image":"\/wp-content\/authors\/Jason%20Ye-448.jpg","url":"https:\/\/or.indexologyblog.com\/author\/jason-ye\/"},{"display":"Michael Mell","title":"Global Head of Custom Indices","image":"\/wp-content\/authors\/michael_mell-362.jpg","url":"https:\/\/or.indexologyblog.com\/author\/michael_mell\/"},{"display":"Joseph Nelesen","title":"Head of Specialists, Index Investment Strategy","image":"\/wp-content\/authors\/joseph_nelesen-452.jpg","url":"https:\/\/or.indexologyblog.com\/author\/joseph_nelesen\/"},{"display":"Andrew Innes","title":"Head of Global Research & Design","image":"\/wp-content\/authors\/andrew_innes-189.jpg","url":"https:\/\/or.indexologyblog.com\/author\/andrew_innes\/"},{"display":"Izzy Wang","title":"Senior Analyst, Factors and Dividends","image":"\/wp-content\/authors\/izzy.wang-326.jpg","url":"https:\/\/or.indexologyblog.com\/author\/izzy-wang\/"},{"display":"Eduardo Olazabal","title":"Associate Director, Global Exchange Indices","image":"\/wp-content\/authors\/eduardo_olazabal-451.jpg","url":"https:\/\/or.indexologyblog.com\/author\/eduardo_olazabal\/"},{"display":"Rachel Du","title":"Senior Analyst, Global Research & Design","image":"\/wp-content\/authors\/rachel_du-365.jpg","url":"https:\/\/or.indexologyblog.com\/author\/rachel_du\/"},{"display":"Jaspreet Duhra","title":"Managing Director, Global Head of Sustainability Indices","image":"\/wp-content\/authors\/jaspreet_duhra-504.jpg","url":"https:\/\/or.indexologyblog.com\/author\/jaspreet_duhra\/"},{"display":"Srineel Jalagani","title":"Senior Director, Thematic Indices","image":"\/wp-content\/authors\/srineel_jalagani-446.jpg","url":"https:\/\/or.indexologyblog.com\/author\/srineel_jalagani\/"},{"display":"Daniel Perrone","title":"Former Director and Head of Operations, ESG Indices","image":"\/wp-content\/authors\/daniel_perrone-387.jpg","url":"https:\/\/or.indexologyblog.com\/author\/daniel_perrone\/"},{"display":"Louis Bellucci","title":"Senior Director, Index Governance","image":"\/wp-content\/authors\/louis_bellucci-377.jpg","url":"https:\/\/or.indexologyblog.com\/author\/louis_bellucci\/"},{"display":"Ari Rajendra","title":"Senior Director, Head of Thematic Indices","image":"\/wp-content\/authors\/Ari.Rajendra-524.jpg","url":"https:\/\/or.indexologyblog.com\/author\/ari-rajendra\/"},{"display":"Elizabeth Bebb","title":"Director, Factor & Dividend Indices","image":"\/wp-content\/authors\/elizabeth_bebb-511.jpg","url":"https:\/\/or.indexologyblog.com\/author\/elizabeth_bebb\/"},{"display":"Raghu Ramachandran","title":"Head of Insurance Asset Channel","image":"\/wp-content\/authors\/raghu_ramachandram-288.jpg","url":"https:\/\/or.indexologyblog.com\/author\/raghu_ramachandram\/"},{"display":"Sue Lee","title":"Director and APAC Head of Index Investment Strategy","image":"\/wp-content\/authors\/sue_lee-531.png","url":"https:\/\/or.indexologyblog.com\/author\/sue_lee\/"},{"display":"Narottama Bowden","title":"Director, Sustainability Indices Product Management","image":"\/wp-content\/authors\/narottama_bowden-331.jpg","url":"https:\/\/or.indexologyblog.com\/author\/narottama_bowden\/"}]
2022 was a challenging year across asset classes, including equities. Exhibit 1 shows that there were declines across the U.S. equities market cap spectrum. For example, the S&P 500® fell 18% for the whole year; the gains in the fourth quarter were not sufficient to overcome the declines during the first three quarters. Amid the…
When I was in the U.S. Army, the doctrine for an attack specified a desired ratio of at least three of us versus every one of them. This would help to ensure an unfair fight. When your life is on the line, you want the odds in your favor. Why should that desire to tilt…
