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Beyond headlines: How markets responded to US-China trade talks 

Our analysis suggests that changes in equity-market valuations, analysts’ consensus earnings estimates and data on companies’ revenue exposure are metrics that provided insight into recent market and sector performances.

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How the low volatility factor has performed in China A shares 

Which factors have performed best in the China A market, especially given its relatively high annualized market volatility? Is there too much risk to bear? We investigate the role that the minimum volatility factor has played.

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Can your investment strategy work with China A shares? 

Many institutional investors have long viewed China A shares as an inefficient market, suggesting that active strategies such as stock-picking can thrive. However, researching a universe of over 3,500 stocks comes with huge challenges, and may lead investors to question whether factor-based systematic strategies could have worked well with China A shares.

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Winners and losers of a U.S.-China trade war 

The question of who wins or loses a U.S.-China trade war has more than two possible answers. While much of the analysis has focused on China’s heavier reliance on exports to the U.S., American companies (and those who invest in them) actually have greater revenue exposure to China than the other way around. In fact, 5.1% of the revenues of companies in the MSCI USA Index come from China and may be at risk as a result of a trade war. In comparison, only 2.8% of the revenues of the companies in the MSCI China Index come from the U.S.

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Are you ready for China A shares? 

MSCI’s recent announcement that it will add 222 China A shares to its key benchmarks raises practical questions for global and emerging market investors.

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What do rising interest rates mean for minimum volatility strategies? 

Minimum volatility strategies have historically delivered above-average returns with below-average risk, especially in volatile market environments as have occurred in recent years. During this period, the world also has experienced low interest rates.

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Currency Hedging: Adapting to Volatility 

In the past, institutional investors largely ignored currency hedging in their international equity portfolios.

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THE DIVIDEND YIELD FACTOR: DEFYING CONVENTIONAL WISDOM 

Ever since central banks slashed interest rates in response to the Global Financial Crisis, investors have been searching for yield.