Including Microcaps in Benchmark Indexes: Japan vs. USApr 7, 2021 Learn More
Selecting an equity benchmark may mean balancing market coverage and investability. For example, exhaustive coverage may include microcap stocks, with lower liquidity and investment capacity. But excluding them may reduce low-size-premium exposure.
Factors in Focus: Value Springs into ActionApr 6, 2021 Learn More
Value has historically outperformed in economic recoveries. With the reopening of the global economy we examined value’s performance against other factors, and exposures from our adaptive multi-factor model at the end of Q1.