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Juan Sampieri

Juan Sampieri

Vice President, MSCI Research

Juan Sampieri conducts fixed-income and multi-asset-class applied research. He previously worked in MSCI's client-service team for analytics. Juan also served in market risk management at HSBC Mexico. He earned a doctorate in financial sciences at EGADE Business School at the Monterrey Institute of Technology.

Research and Insights

Articles by Juan Sampieri

    Climate Glidepaths for Energy Portfolios

    6 mins read Blog | Apr 16, 2024 | Juan Sampieri, Afsaneh Mastouri

    Sustainable investing often necessitates reducing portfolio emissions. But adding emission-reduction targets requires a careful navigation of market complexities and risk considerations alongside sustainability objectives. Could using a climate glidepath help? 

    The Lowdown on High Real Yields

    2 mins read Quick Take | Oct 16, 2023 | Andy Sparks, Juan Sampieri

    Real yields in many countries have surged to their highest levels in a decade. But while high real yields might offer potential opportunities for investors, it is important to recognize the risks. 

    Markets in Focus: Narrow Yield Spread and High Crowding Pressure Equities

    6 mins read Blog | Oct 3, 2023 | Waman Virgaonkar, Hitendra D Varsani, Juan Sampieri

    Eclipsing equity and bond yields and high crowding may be signs of a vulnerable equity market. We compare equity/bond yield spreads in the major regional markets along with crowding in sectors and regions.  

    Net-Zero Glidepaths for Fixed-Income Portfolios

    Research Report | Sep 12, 2023 | Afsaneh Mastouri, Juan Sampieri

    A bond portfolio generates cash flows over time that include coupon payments and the face value of matured bonds, assuming no defaults. With controlled and systematic reinvestment of this cash flow, investors can gradually decarbonize their portfolios on a glidepath.

    Are Bonds and Equities Finding Harmony Once Again?

    2 mins read Quick Take | Aug 17, 2023 | Juan Sampieri, Andy Sparks

    The relationship between U.S. bonds and equities has seen a number of shifts in recent years, but with inflation pressures easing, could bonds regain their reputation as portfolio diversifiers? 

    Markets in Focus: Looking Beyond the Rate Hikes

    7 mins read Blog | Jul 4, 2023 | Waman Virgaonkar, Hitendra D Varsani, Juan Sampieri

    Investors face “sticky” inflation, equity-market concentration and expectations that U.S. interest rates may be higher for longer. We examine recent global-markets trends to help as asset allocators and portfolio managers determine their next move. 

    Banking on the Brink of Crisis? Three Scenarios for Investors

    2 mins read Quick Take | Apr 4, 2023 | Juan Sampieri, Thomas Verbraken

    The broad equity market remained relatively resilient in the wake of recent bank failures, but how might it spill over in the coming months? We present three scenarios for potential risks and opportunities from the recent banking-industry upheaval. 

    Decarbonizing Bond Portfolios: Risk Trade-Offs

    5 mins read Blog | Oct 21, 2022 | Juan Sampieri, Monika Szikszai

    Bond investors looking to reduce their portfolios’ carbon footprint may decide to shift capital from high to low emitters. Did a decarbonizing approach that preserves sector exposures significantly change the main portfolio risk characteristics? 

    Has Inflation Affected the Bond-Equity Relationship?

    2 mins read Quick Take | Jun 21, 2022 | Andy Sparks, Juan Sampieri

    The sharp rise in inflation over the past year and a half, combined with growing concern over the U.S. economy’s strength, may prompt investors to rethink basic assumptions underlying portfolios comprised of bonds, equities and other asset classes.

    Bond-Index Replication While Navigating Volatility

    4 mins read Blog | Mar 23, 2022 | Andy Sparks, Juan Sampieri, Chris Fenske

    Market volatility poses major challenges to investors trying to track bond indexes while also keeping transaction costs low. Can managers of funds tracking bond indexes balance transaction costs and tracking error?

    Why Is Climate-Transition Risk High in High Yield?

    6 mins read Blog | May 6, 2021 | Bruno Rauis, Juan Sampieri, Andy Sparks

    Investors increasingly focus on building greener portfolios. Some might expect bonds to be less exposed to climate-transition risk compared to equities, due to the seniority of bonds in the capital structure. But does that logic hold at the portfolio level?

    Climate Transition and Bonds: Risk or Opportunity?

    5 mins read Blog | Feb 23, 2021 | Bruno Rauis, Juan Sampieri, Andy Sparks

    The transition to a low-carbon economy could significantly redirect the flow of investments toward greener companies and technologies that limit carbon emissions. We consider the potential risk — and opportunity — for bond investors.

    Chinese Government Bonds: Higher Yield, Less Risk?

    6 mins read Blog | Nov 12, 2020 | Greg Recine, Juan Sampieri, Andy Sparks

    Global investors’ interest in Chinese government bonds has risen, as these bonds offer higher yields than developed-market sovereign debt. For investors thinking about adding Chinese bonds to their portfolios, what could be the impact on portfolio risk?

    Hedging Inflation: A Scorecard

    5 mins read Blog | Aug 26, 2020 | Juan Sampieri, Andy Sparks

    Aggressive actions by central banks and soaring government budget deficits have raised concerns among some investors that inflation may significantly rise. We examine whether an inflation hedge was worth the cost over the past 13 years.

    Did Bonds Deliver? Leveraging Fixed Income During the COVID Crisis

    Blog | Jul 29, 2020 | Juan Sampieri, Andy Sparks

    Investors may employ leverage with lower-risk asset classes such as bonds to seek higher risk and returns. We assessed the effects of leverage on the returns of three hypothetical multi-asset-class portfolios during the COVID-19 crisis.

    Four COVID-19 Scenarios: What Might Happen Next?

    Blog | May 21, 2020 | Thomas Verbraken, Juan Sampieri

    Our latest COVID-19 stress test looks at four potential financial-market outcomes ranging from a swift V-shaped recovery to a pessimistic L-shaped scenario, in which outbreaks recur and lockdowns return well into 2021.

    How could coronavirus impact credit markets?

    Blog | Mar 25, 2020 | Juan Sampieri, Andy Sparks, Thomas Verbraken

    While newspaper headlines are focused on volatile stock markets stemming from the COVID-19 pandemic, credit markets are not immune. Our latest stress test asks, “What would it mean for portfolios if losses reached 2008 levels?”

    A coronavirus stress test for global markets

    Blog | Mar 4, 2020 | Juan Sampieri, Thomas Verbraken, Chenlu Zhou

    After the coronavirus spread to multiple continents, markets recorded the worst week since the crisis. How much further could markets drop if epidemic turns into pandemic? Our stress test indicates room for further losses.

    Something for nothing? Increasing bond duration may not increase portfolio risk

    Blog | Nov 20, 2019 | Juan Sampieri, Andy Sparks

    Asset allocators may consider lengthening the duration of their bond portfolios to prepare for a potential recession in the U.S. But could duration extension push risk above target thresholds? Maybe not.