All Indices/benchmarks articles
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White papersApplying ESG Factor to Government Bond Indices
There is a continuing philosophical debate about how best to apply an ESG investment approach to global sovereign debt portfolio, evidence of which is the relative lack of ESG government Bond indices in the market.
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White papers
Why COP Matters to Everyone
1.5°C, net zero emissions, COP, Glasgow, Paris, carbon offsets, stranded assets…Or… as Greta might say “blah blah blah.”1
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White papers
Net Zero Index Strategies for Developed Markets
The S&P PACTTM Indices (S&P Paris-Aligned & Climate Transition Indices) comprise the S&P Climate Transition (CT) Indices and the more ambitious S&P Paris-Aligned (PA) Indices.
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Video
Navigating Climate Risk with Indices
How can indices bring greater transparency to climate risk?
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White papers
Japan Value: Getting By With a Little Help From the Fed?
Heaven helps those who help themselves.1 But it doesn’t hurt to have the Federal Reserve on your side as well.
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Research Report
Thematic equities as an alternative to fully diversified equity portfolios
Thematic equity strategies can also serve as alternative to – or replacements for - global equity portfolios that invest across industry sectors.
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White papers
Introducing the S&P QVM Top 90% Multi-factor Indices
Earlier this year, S&P DJI launched three S&P Quality, Value, and Momentum Top 90% Multi-factor Indices (the “S&P QVM Top 90%” Indices) across our large-cap, mid-cap, and small-cap universes. Each of these indices is tracked by an ETF.
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White papers
Net Zero and Broad ESG in One Index
Over the year since the launch of the S&P PACT Indices, the market has pushed for an index methodology evolution: the addition of an S&P DJI ESG Score improvement, further exclusions, a buffer rule, and revised stock capping (see Exhibit 1).
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White papers
Risk Parity Act Two: Presenting the S&P Risk Parity 2.0 Indices
While the rationale behind risk parity is well understood, the implementation frameworks often differ. For example, some implementations are purely passive while others are more active, the way risk is defined can differ, and the underlying instruments used can vary.
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White papers
The S&P Dividend Growers Indices: Examination of Risk, Return and Down-Market Performance
This blog, the final in a series of three, reviews the performance of the new S&P Dividend Growers Indices and highlights some of their defensive characteristics. They are designed to track companies with consistently increasing dividends while excluding the top 25% highest-yielding eligible companies.
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White papers
A Dynamic Multi-Asset Approach to Inflation Hedging
Inflation is one of the most significant risks to investment returns over the long term.
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White papers
Pourvu Que Ca Dure
Assets are expensive. Inflation is rising. Risks are growing. Managers need to prepare themselves – and hope that the bull market lasts in the meantime.
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White papers
Out of the Shadows: The rise of emerging Asia
Emerging Asia’s stocks and bonds have experienced a lost decade. In the past 10 years, their returns, in US dollar terms, have lagged those of global indices by a considerable margin. And that is despite the fact that these economies accounted for about 70 per cent of world GDP growth over that period.
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Video
Using Market Fluctuations to Unlock Opportunity
Volatility often represents uncertainty, but it could also signal opportunity. Take a closer look at how the systematic design of the S&P 500 Dynamic Participation Index may help market participants identify and reflect potential opportunities inside the daily price fluctuations of the S&P 500.
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White papers
Comparing Iconic Indices: The S&P 500 and DJIA
The S&P 500 and Dow Jones Industrial Average® (DJIA), both of which are designed to track U.S. large-cap companies, are two of the most iconic indices in the world. These indices have changed the way that investors measure the stock market and benchmark investment portfolios. They also serve as the basis for some of the world’s most successful index-linked products and derivative contracts.
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White papers
Commodity Indices - Enhancing Roll Yield: A More Liquid & Diversified Index
Commodity markets have once again returned to the limelight. In early 2020, the spread of COVID-19 sparked a sharp sell-off in energy.
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White papers
China’s vast opportunity set – Best enjoyed undiluted
Allocations to Chinese equity and fixed income should stand alone rather than be part of global or emerging market strategies for investors looking for diversification and potential excess returns from the vast opportunity set that Chinese financial assets represent.
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White papers
Comparing Small-Cap Indices in Developed and Emerging Markets
Not all small-cap indices are identical. Indices within the same market cap range can have varied performance in different markets. We studied the S&P Developed SmallCap and S&P Emerging SmallCap for their performance, volatility, and sector allocation in different market segments.
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White papers
Climate Scenario Alignment, Net-Zero, and Uncertainty
Both the Net Zero Asset Owners Alliance and Net Zero Asset Managers initiative have signed up to target net-zero GHG emissions by 2050 or sooner, binding trillions of dollars to be decarbonized. This raises the question, how can we grasp these climate targets and practically implement them?
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White papers
Absolute return – An absolute must in fixed income
Classical fixed income is already a source of ‘return-free risk’ in this post-pandemic economy awash with central bank stimulus. Reflationary expectations have expedited the rise in interest rates and aggravated the challenges faced by traditional fixed income strategies and indices.
