Content (362)
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White papersBlog | Is a regime change brewing in Factor land?
Vaccine-fueled hopes for a quicker return to economic normalcy ignited a powerful rotation in Q4 away from long-dominant Quality and Momentum into Value and (smaller-cap) Size factors hit hardest by the pandemic shock since last March.
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White papers
Blog | Small cap sprint continues for US equities
After a Q4 sprint that puts US small-cap stocks virtually even with US large-cap stocks for 2020 in terms of full-year performance (a 21% rise for the US large-cap Russell 1000® Index relative to a 20% rise for the US small-cap Russell 2000® Index), this asset class continues to rise in the early days of 2021.
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White papers
Russell Growth and Value indexes: the enduring utility of style
As of December 31, 2019, there were $5.7 trillion of active strategies using Russell US Style Indexes as performance benchmarks, and $466 billion using them as the basis for passive investment, for a total of $6.2 trillion in benchmarked assets.
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White papers
Blog | The Q4 oil, gas and coal rally: resurgence or dead cat bounce?
The Russell 2000 Index closed out 2020 with a roar, surging 31.4% in the fourth quarter and posting its highest ever monthly return in November. A closer look at performance on a sector level reveals Oil, Gas and Coal as the third highest performing Russell 2000 sector for the quarter, bolstered by resurgent hopes for a quicker US recovery from the pandemic crisis.
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White papers
Blog | After Q4 surge, Russell 2000 ends in dead heat with Russell 1000
The neck-and-neck performances of the Russell 1000 and Russell 2000 in 2020 (up 21% and 20%, respectively) masks the intense swings in leadership between the two indexes as the COVID-19 crisis unfolded.
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White papers
Blog | Twin track UK equities: how markets priced stocks after Brexit
As we write, the Brexit trade deal is being rubber-stamped across Europe, and the FTSE 100 is up in post-Christmas trading. The UK remains by far the largest equity market in Europe investors even though FTSE 100 stocks have underperformed European equity markets by 40% the last five years.
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White papers
Blog | Four notable features of equity performance in 2020
Global equity markets rode the COVID-19 shockwaves from panic to a record-breaking finale in 2020, capping a year of economic trauma and dramatic reversals in risk sentiment and market leadership.
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White papers
Blog | Searching outside the US for yield
According to recent data from global index provider FTSE Russell, US Treasuries have become expensive compared to other major sovereign bond markets over the last four years, as measured by US yield spreads versus the FTSE World Government Bond Index excluding the US (WGBI ex. US). US yield spreads in 7 to 10 years have fallen from a peak of about 209 basis points in mid-2018 over the WGBI ex. US index to current levels of 79 basis points.
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White papers
Blog | Will value resurgence drive a Santa Claus rally? Insights from global index provider FTSE Russell
US equity markets have continued their Q4 surge, with market watchers hoping for a traditional Santa Claus rally as we approach the end of a tumultuous year. Although, one untraditional factor, value stocks, has played a more influential role in the recent market rise.
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White papers
Blog | Saudi Arabia government bonds; an investible asset class with modest valuations
The Kingdom of Saudi Arabia embarked upon a significant economic reform program in 2016 (Vision 2030), seeking to diversify away from oil dependence, and high economic cyclicality, and to increase the size of the non-oil and private sectors.
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White papers
Blog | Post-pandemic case for international equities markets
We recently hosted market, derivatives and ETF experts from FTSE Russell, Franklin Templeton and the Singapore Exchange (SGX) in a special webinar focused on the post-Pandemic case for international equity markets and how investors might participate in these opportunities in 2021.
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White papers
Blog | Good in parts: 2021 CMBS and the COVID rebound
With COVID vaccines being rolling out in the next few months, the CMBS market is hopeful of a swift recovery of the CRE fundamentals. Since peaking in June, the CMBS delinquency rates have been trending down in last five months (see chart below). While the performance of many properties which were doing well pre-COVID is expected to rebound in 2021, it seems likely that the recovery will be uneven across different property types.
