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Manuel Rueda
Vice President, MSCI Research
Manuel Rueda is a member of the Fixed Income and Multi-Asset Class Research team. He focuses on risk modeling for credit assets and machine-learning applications for factor research. Before joining the research team, Manuel worked in data management at MSCI. He holds a B.S. in Economics from the Monterrey Institute of Technology and Higher Education and an M.S. in Data Science from Columbia University.
Research and Insights
Articles by Manuel Rueda
Carrying on Through a Crisis, with Factors
4 mins read Blog | Jan 13, 2021 | Andrew DeMond , Manuel RuedaFactors have long had a place in constructing equity portfolios, but investors increasingly use factors in sovereign and corporate bonds, commodities and currencies. Which non-equity factors have been the best performers coming out of recent crises, and why?
The Doctor Is Making House Calls: Capturing Exposure to Telehealth
6 mins read Blog | Dec 16, 2020 | Manuel Rueda , Gaurav TrivediTelehealth has the potential to reduce inequalities in access to care as well as relieve strain on health systems. We tested an approach that combines natural-language processing and MSCI ESG Ratings screens.
Hertz So Good?
3 mins read Blog | Sep 30, 2020 | Hamed Faquiryan , Manuel RuedaWe look at the unusual bankruptcy of Hertz Global Holdings Inc. — whose equity rallied in early June, when holders of Hertz bonds were expecting losses as high as 90% in default — to discuss the importance and subtleties of firms’ capital structures.
Measuring Firms’ Remote-Workforce Abilities
Blog | Jul 14, 2020 | Howard Zhang , Daniel R. Barrera , Manuel RuedaIt’s clear that some companies were better positioned to take advantage of a remote work environment than others. We built a hypothetical “remote-operation capacity” factor to seek to measure the effect on different firms.
Liquidity and correlation in the Chinese credit market
Blog | Jul 9, 2019 | Manuel RuedaChina’s stock market has drawn huge attention from global investors, especially as China A shares have been added to leading equity indexes. But the same cannot be said for the country’s 38 trillion CNY (USD 5.5 trillion) credit market, now the second-largest in the world. Despite the market’s overall size, foreign investor participation remains miniscule, with overseas bondholders accounting for less than 1% of the total holdings.
Venezuela and the Specter of Recovery Risk
Blog | Feb 14, 2019 | Manuel Rueda , Hamed FaquiryanVenezuela unfortunately finds itself on the verge of political and economic collapse. From the perspective of investors in the country’s sovereign and corporate bonds, recovery risk is now likely a bigger consideration than default risk.