Global Investing

 

Global investing research


 

Game of Homes: Is winter coming for the domestic-equity bias?

Game of Homes: Is winter coming for the domestic-equity bias?

Blog post - U.S. wealth advisers’ allocation models with significant U.S. bias have enjoyed a long summer of outperformance. But history has shown that winds can shift and grow cold. Should asset allocators with a U.S.-equity overweight be concerned about home-bias risk?

The future of emerging markets

The future of emerging markets

Research paper: For the past 30 years, emerging markets have enhanced returns and created risk diversification opportunities for global equity investors. Partial inclusion of Chinese A shares is likely to transform the equity segment and its role in global portfolios. How have emerging markets evolved and what might their future look like?

Saudi Arabia inclusion and emerging markets

Saudi Arabia inclusion and emerging markets

Blog post: Saudi Arabia’s inclusion in the MSCI Emerging Markets Index may provide expansion of the opportunity set and the country has previously demonstrated diversification benefits. These include the market’s past dividend yield, its distinct sector composition, low sensitivity to other emerging markets and its previous natural currency hedge.

A new day for monetary policy?

A new day for monetary policy?

Blog post: In a podcast from MSCI, Andy Sparks discusses the dovish stance of the U.S. Federal Reserve and central banks around the world.

Watching beta in volatile equity markets

Watching beta in volatile equity markets

Blog post: The MSCI World and MSCI Emerging Markets indexes rose 12% and 9%, respectively, from January to March 2019. This contrasts sharply to the 2018 year-end losses. What stood out among the fast-moving market backdrop was the importance of keeping an eye on beta and what happened when losses reversed.

Evaluating emerging-market stocks through a governance lens

Evaluating emerging-market stocks through a governance lens

Blog post: Emerging-market stocks generally are perceived to have lower governance standards than their developed-market counterparts. Less transparency is one factor behind this view. Some emerging-market companies may also disadvantage minority shareholders. How can active and index-based investors address these issues?

A new day for monetary policy

A new day for monetary policy

Andy Sparks discusses the dovish stance of the Fed and other major central banks.

How can active managers put ESG to work?

How can active managers put ESG to work?

Many active managers are concerned that using ESG data might disturb investment  processes or introduce unintended biases. What’s the evidence?

Why are small caps different?

Why are small caps different?

Apart from size, what distinguishes global small-cap stocks from their large- and mid-cap counterparts?