All Indices/benchmarks articles
-
White papersWhat Drives the S&P PACT Indices’ Weights?
In April 2020, we launched the S&P PACTTM Indices (S&P Paris-Aligned & Climate Transition Indices). The indices aim to align with the following: a 1.5oC climate scenario, the relevant aspects of the EU Low Carbon Benchmark regulation (BMR), and recommendations from the Task Force on Climate-related Financial Disclosures (TCFD), while maintaining a broad, diversified exposure. The S&P PACT Indices consist of the S&P Paris-Aligned (PA) Climate Indices and S&P Climate Transition (CT) Indices.
-
White papers
Biden 1, Climate Change 1.5
In a crowded field for “standout tweets from a U.S. president or president-elect,” for those of us who have dedicated careers to tackling sustainability challenges, this may be the most memorable tweet of them all.
-
White papers
The right ETF starts with the right index
Deeper knowledge about how indices work can drive better portfolio outcomes for wealth advisors. Contents include:
-
White papers
Record Participation in the CSA Powers the DJSI into Its Third Decade
In 2020, the 21st rebalancing of the Dow Jones Sustainability Indices (DJSJ) occurred; however, this is the first time it has taken place solely under the umbrella of S&P Global (after S&P Global’s acquisition of RobecoSAM’s ESG Ratings business in January 2020).
-
White papers
IPE EDHEC Research Insights Autumn 2020
This Scientific Beta special issue of the Research Insights supplement to IPE contains articles on
-
White papers
Fear and volatility in Los Angeles
Investors have adopted forward-looking measures of risk as inputs into strategic asset allocation exercises. The two approaches most commonly employed today are:
-
White papers
Not a Coincidence
We recently issued our mid-year SPIVA® reports for the U.S., Australia, and Europe, and other regions will follow in due course. Although one can sometimes find exceptions in the short run, the long-term results of SPIVA can be easily summarized:
-
White papers
Introducing the S&P Sustainably Screened Index Series: A Mainstream Approach to Sustainable Investing
As a pioneer in the index space, S&P DJI has long understood the necessity for evolving indices to address the changing needs of the investor. In recent years, one significant development has been the growing focus on sustainable investing and an increased demand from investors to find strategies more in line with their value and belief systems.
-
White papers
The S&P 500 ESG Index: Defining the Sustainable Core
The launch of the S&P 500 ESG Index in April 2019 signaled an evolution in sustainable investing. Indices based on environmental, social, and governance (ESG) data were no longer simply a means for companies to declare their sustainability credentials or tools to manage tactical investments playing a minor role in investors’ portfolios. The S&P 500 ESG Index and other such indices were built to underlie strategic, long-term allocations at the core of investors’ portfolios.
-
White papers
Reconciling Financial and Non-Financial Performance
The performance of cap-weighted indices suffers from a high concentration, negative exposure to long-term-rewarded risk factors and does not take account of ESG or Low Carbon objectives.
-
White papers
The S&P Global REIT QVM Multi-Factor Index Part II – Performance, Country Composition, and Factor Exposure
In the previous blog, we introduced the construction process of the S&P Global REIT Quality, Value & Momentum (QVM) Multi-Factor Index. In this blog, we look into the empirical results of the strategy.
-
White papers
ESG – Remarkable Progress, Evolving Indices and Futures Growth
The unprecedented economic turmoil caused by the COVID-19 virus has led for calls to reshape the global economy to make it fairer and more environmentally sustainable. Campaigners are challenging governments to direct their record stimulus funds towards projects and investments that benefit broader society.
-
White papers
Conviction, Confidence, and Courage
Never wish to show courage, a wise man once counseled; courage can be displayed only in circumstances where one’s natural instinct is to be afraid, and fear is an unpleasant emotion. This principle, with obvious qualifications, applies to investment management. Successful portfolio management can require holding positions when one’s natural instinct is to sell.
-
White papers
Fleeting Alpha Scorecard: The Challenge of Consistent Outperformance Year-End 2019
The Fleeting Alpha Scorecard is a semiannual report showing how well outperforming mutual funds from one three-year period continue to outperform thereafter. It combines two other S&P Dow Jones Indices reports, the SPIVA® U.S. Scorecard and the the Persistence Scorecard. The former measures the percentage of active managers that beat their benchmarks across various equity and fixed income categories. The latter shows the likelihood that strong performers in early periods maintain their status relative to other funds in subsequent periods.
-
White papers
How Does Passive Investing Work in Uncertain Times?
Many advisors feel that their favorite active manager will guide them through market volatility and limit drawdowns during times of market stress. But is that how things played out at the beginning of 2020? S&P DJI’s Brent Kopp and Berlinda Liu take a closer look at COVID-19’s impact on active vs. passive performance.
-
White papers
Chart of the Moment EMEA and APAC 28/07/2020
While small caps and value stocks have “underperformed” large caps and growth, this has only applied to the indices. Within the indices, there’s a great diversity of opportunity.
-
White papers
Factoring it all in–Q2 2020
After a truly dismal first quarter, stocks rallied around the world in the second quarter, as market views on the economic fallout from the COVID-19 global pandemic took a more positive tone.
-
White papers
S&P PACT™ Indices: Empowering Investors Looking to Align with a 1.5°C Scenario
How can indices provide greater insight into climate risk and help investors looking to go beyond traditional carbon reduction strategies? Take a closer look at the drivers behind the new S&P PACT™ Indices with S&P DJI’s Jaspreet Duhra and Andrew Innes.
-
White papers
Spotlight on Euro HY - The changing shape of indices
Significant swings in returns, first negative and then positive, have been a feature of the high yield markets, affecting sectors differently. During that time, the economic disruption Covid-19 has caused has led to many more credit rating downgrades.
-
White papers
S&P Pure Growth Indices – Attributes and Performance Drivers
The S&P 500® has had a wild ride in 2020. The index hit an all-time high in February, then dropped 33.8% to the bottom in March due to the COVID-19 pandemic, and then rallied 32.6% by May 22. During this turbulent time, the S&P 500 Pure Growth, while declining along with markets, ultimately outperformed its benchmark by 4.92% (see Exhibit 1). The following analysis investigates attributes of this outperformance.
