Strategy Does a liquidity factor premium exist in the stock market?
Academic studies present ample evidence in support of the existence of four factor premiums in stock markets: Low Risk, Value, Momentum, and Quality. Factor investing puts these concepts into practice by enabling investors to allocate their capital explicitly to these (...)
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Interview Philip Tindall : « We see further development of non-market cap approaches in bonds »
According to Philip Tindall, senior investment consultant at Towers Watson, there has been a lot of interest in smart betas area, and investors are beginning to allocate assets - Towers Watson’s clients have invested more than (...)
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Innovation Ossiam ETF on the Risk Weighted Enhanced Commodity Ex Grains TR Index
Using its expertise in systematic asset management, in 2013, Ossiam has set up an ETF offering a long only exposure to a risk weighted enhanced commodity index, based on S&P Goldman Sachs Commodity Index constituents, excluding (...)
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Strategy How does ‘quantamental’ fit with factor investing?
‘Quantamental’ is a relatively new portmanteau word in asset management lingo. Its creation is indicative of a trend in our industry. Quantamental is the fruit of the marriage of the quantitative and fundamental (also known as judgmental) disciplines in managing (...)
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Strategy Value, the obvious factor
All famous investors from Benjamin Graham to Warren Buffet have, first and foremost, been fervent advocates of value investing. Value can be assessed in very diverse ways and value investing can also suffer from some drawbacks. Here are a few pointers for understanding value (...)
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News ETFGI reports that Active ETFs and ETPs listed globally reach a new high of US$95.9 billion at the end of July 2018
ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in Active ETFs and ETPs listed globally reached a new high of US$95.9 billion, following net inflows of US$3.59 billion and market moves (...)
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Opinion Combining Active and Passive management in a Portfolio
In recent years, long-held ideas on portfolio construction have been called into question. Investors can now choose from a range of “smart beta” strategies, offering exposure to market risk premia in a systematic, transparent fashion. Where does the dividing line between (...)
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News ETFGI reports that assets invested in Smart Beta ETFs and ETPs listed globally increased by 32.3 percent during 2017 to reach 658 billion US dollars
ETFGI reported today that assets invested in Smart Beta ETFs and ETPs listed globally increased by 32.3% during 2017 to reach a new high of US$658.35 Bn at the end of December. (All dollar values in USD unless otherwise (...)
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Innovation Solactive launches Stable Income Europe Index
The index targets investors interested in a smart beta concept that puts more emphasis on the role played by free cash flow yield, aside from tilting composition towards high dividend and low volatility shares. Specifically, free cash flows are typically used to provide an (...)
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News Amundi extends its Smart Beta and Factor Investing range with a new Dynamic Multi Factor Allocation process
Amundi launches a dynamic multi factor equity range within its Luxembourg international flagship Amundi Funds SICAV: “Amundi Funds Dynamic Multi Factors Euro Equity”, “Amundi Funds Dynamic Multi Factors Europe Equity” and “Amundi Funds Dynamic Multi Factors Global (...)
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Strategy The four cardinal “smart beta” virtues, or how to use Plato as an investment philosophy
Etienne Vincent, head of THEAM’s global quantitative management, explains how the four main recurring sources of outperformance in the equity markets, extensively developed in the “smart beta” concept, can be likened to the four cardinal virtues described by Plato, the Greek (...)
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News Lombard Odier Investment Managers publishes its independently-calculated Smart Beta indexes on Bloomberg
Lombard Odier Investment Managers (LOIM), the institutional asset management arm of the Lombard Odier Group, is pleased to announce that its proprietary FWD Smart Beta indexes - calculated independently - are now available through the Bloomberg Professional (...)
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News Solactive joins forces with Sarasin & Partners LLP on the Sarasin Systematic Efficient Indices
Solactive AG is pleased to join forces with Sarasin & Partners LLP on Sarasin’s Systematic Efficient Approach Indices (SSEA Indices), a family of indices which seek to outperform the market-cap over the medium-long term and across multiple market (...)
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Innovation Lombard Odier Investment Managers and ETF Securities join forces to offer fundamental fixed income exchange traded funds
Lombard Odier Investment Managers (“Lombard Odier IM”), a pioneer in smart beta fixed income investing, and ETF Securities, one of the world’s leading innovators of exchange traded products (“ETPs”), have partnered to offer a range of transparent, cost-effective and (...)
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Innovation Invesco launches high-dividend, low-volatility ETFs
According to Invesco, Canadian investors are increasingly seeking income from their holdings but they may be concerned about the relatively limited opportunities within the domestic equity market. Foreign equity markets may provide greater (...)
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