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Chin Ping Chia

Chin Ping Chia
Head of Research for Asia Pacific

About the Contributor

Chin Ping Chia is Head of Research for Asia Pacific. He manages MSCI’s applied research effort and works closely with the world’s leading investors on a wide range of investment topics. Chin Ping is also a resident expert on China and sits on the Advisory Committee of the Quantitative Finance Program for the Chinese University of Hong Kong. Chin Ping received a degree in Economics from the National University of Singapore and is a CFA charterholder.

Blog posts by Chin Ping Chia

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  1. Emerging market equities underperformed U.S. stocks by 7.2 percentage points (as of Nov. 30) following Donald Trump’s election as president, based partly on the expectation that the president-elect is likely to pursue a series of protectionist policies that could hurt many export-dependent emerging nations. Stocks in developed economies (ex-U.S.) also underperformed those in the U.S., albeit by a smaller margin (3.8 percentage points).

  2. During our consultations on whether to add China A-shares to MSCI’s Emerging Markets Index, some institutional investors asked what full inclusion might mean for the index and the asset class. Given China’s already-significant weight in the index, would the addition of shares of local Chinese companies, even if years away, reduce diversification of the index and render the asset class irrelevant?

  3. 低ボラティリティ・ファクターの相対的バリュエーションの上昇、そして同時に起きているバリュー・ファクターの低下により、機関投資家は自らのエクスポージャーをシステマティックな戦略にタイミングを取って変更することに意味があるかどうか悩んでいる。要するに、投資家がバリューに資金を振り向けけたい思うほど、バリューは(市場対比で)割安になっているのか?そして、相対的に割高な低ボラティリティから、投資家は資金を引き上げるべきか?ということである。

  4. A rise in relative valuation of the low volatility factor and a concurrent fall-off in the value factor have led some institutional investors to wonder anew whether it makes sense to time their exposures to systematic strategies. In short, has value become so cheap (relative to the market) that investors may want to pivot toward it? And does a relatively rich valuation for minimum volatility tell investors it’s time to back off?

  5. 投資家にとって、外国通貨へのヘッジ・コストが下がってきている。為替ヘッジは為替相場のブレからの損失を防ぐことができる一方、構造的に低金利の国の投資家にとっては高価なものになる可能性がある。しかし、それが主要国における金融政策の影響を受けて変化している。

  6. It may be time for institutional investors to rethink whether to hedge their exposures to foreign currencies. Though hedging can help investors avoid losing money amid swings in the foreign-exchange market, the strategy can be an expensive one for investors based in countries with structurally low interest rates.

  7. As we highlighted in a recent post, minimum volatility strategies have outperformed this year to date amid unrest in financial markets.

  8. The quality factor has demonstrated long-term outperformance against the market, but it has not received the same attention as the value, size or momentum factors.

  9. Institutional investors are increasingly gravitating towards multi-factor allocations as the preferred approach to factor investing. But how should factor indexes be combined?

  10. China A-Shares are too big to be ignored but remain difficult for many institutional investors to access. How can global investors avoid a stock market that is now the world’s third-largest, with a total market value of nearly USD 4 trillion, putting it just behind the United States and Japan?

Showing 1 - 10 of 11 entries

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