Content (362)

  • Is a regime change brewing in Factor land?

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    Blog | Is a regime change brewing in Factor land?

    2021-01-15T13:51:00Z

    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.

  • Small cap sprint continues for US equities

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    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.

  • Russell Growth and Value indexes - the enduring utility of style

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    Russell Growth and Value indexes: the enduring utility of style

    2021-01-13T14:01:00Z

    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. 

  • The Q4 oil, gas and coal rally - resurgence or dead cat bounce?

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    Blog | The Q4 oil, gas and coal rally: resurgence or dead cat bounce?

    2021-01-12T09:19:00Z

    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.

  • After Q4 surge, Russell 2000 ends in dead heat with Russell 1000

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    Blog | After Q4 surge, Russell 2000 ends in dead heat with Russell 1000

    2021-01-06T09:50:00Z

    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.

  • Twin track UK equities - how markets priced stocks after Brexit

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    Blog | Twin track UK equities: how markets priced stocks after Brexit

    2021-01-05T15:28:00Z

    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.

  • Four notable features of equity performance in 2020

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    Blog | Four notable features of equity performance in 2020

    2021-01-05T09:54:00Z

    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.

  • Searching outside the US for yield

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    Blog | Searching outside the US for yield

    2020-12-23T16:34:00Z

    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.

  • Will value resurgence drive a Santa Claus rally? Insights from global index provider FTSE Russell

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    Blog | Will value resurgence drive a Santa Claus rally? Insights from global index provider FTSE Russell

    2020-12-23T16:31:00Z

    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.

  • Saudi Arabia government bonds; an investible asset class with modest valuations

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    Blog | Saudi Arabia government bonds; an investible asset class with modest valuations

    2020-12-21T14:30:00Z

    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.

  • Post-pandemic case for international equities markets

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    Blog | Post-pandemic case for international equities markets

    2020-12-18T14:54:00Z

    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. 

  • Good in parts - 2021 CMBS and the COVID rebound

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    Blog | Good in parts: 2021 CMBS and the COVID rebound

    2020-12-18T14:40:00Z

    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.