Román Mendoza conducts applied research for MSCI’s equity-index team. His previous experience includes working in financial research in Latin America. Roman previously served as a quantitative consultant for BBVA México. He earned a Ph.D. in financial sciences at EGADE Business School at the Monterrey Institute of Technology.
Research and Insights
Articles by Román Mendoza
Factor Performance amid Concentration Shifts2 mins read Quick Take | Aug 30, 2023 |
Noting the parallel between today’s technology- and AI-driven concentrated rally and the late 1990s’ technology boom, we examined factor performance and factors’ over- and underweights in the top 10 MSCI USA Index constituents over both periods.
Momentum’s Tryst with Tech2 mins read Quick Take | May 23, 2023 |
As part of MSCI’s May 2023 index review, effective June 1, the MSCI USA Momentum Index will on average rebalance out of value and into many growth stocks, including some firms with an AI presence — reversing the 2022 trend away from tech.
Climate and ESG Indexes in Focus: Sectors Told the Story6 mins read Blog | May 8, 2023 |
We review the drivers of performance for ESG and climate indexes over the first quarter of 2023, and investigate the explanatory power of the carbon-efficiency factor over time.
Parallel Benchmarking for Climate Alignment5 mins read Blog | Jan 5, 2023 |
Broad market-cap weighted indexes might not fully assess climate-objective alignment. We believe that an appropriate parallel benchmark could help illustrate this alignment, improve transparency and allow investors to make more informed decisions.
US Midterm Elections from an Equities Perspective4 mins read Blog | Nov 3, 2022 |
Leading up to and including Nov. 8, Americans will vote for 35 Senate and all 435 of the voting House seats.
MSCI COLCAP IndexResearch Report | Jul 12, 2022 |
We provide a primer of the MSCI COLCAP Index, which has information to help investors if they seek to diversify in Latin America. The index aims to reflect the Colombian equity market while balancing diversification, investability and replicability.
Globalization Gets Another Jolt2 mins read Quick Take | Mar 2, 2022 |
The Russian invasion of Ukraine is another reminder that geopolitics play an outsized role in determining economic relations between countries.
Latin American Equity Markets: The Lay of the Land6 mins read Blog | Feb 16, 2022 |
How is Latin America different from other emerging markets? We analyze the influence of foreign direct investment; market performance; exposure to sectors and thematic investments; ESG and climate risks and opportunities and corporate-ownership structures.
Ownership Structures in Emerging Markets3 mins read Quick Take | Dec 15, 2021 |
Having a better understanding of the ownership structure of a firm and the various ownership control groups that may exist, can help international investors assess how loud their voices will be when the firm’s strategy and direction is being decided.
Did Deglobalization Add to Inflation Woes?7 mins read Blog | Dec 13, 2021 |
Inflation watchers, aware of how COVID-19 led to trillions of dollars of stimulus, may want to note the longer-term shift toward deglobalization. As these forces collide, they may lead to rising global inflation and affect asset-allocation strategies.
Bringing ESG and Climate Lenses to Latin America2 mins read Quick Take | Nov 17, 2021 |
Although, on average, emerging-market (EM) companies have tended to have lower MSCI ESG Ratings than global peers, a more granular regional analysis can provide additional insights.
A Closer Look at Sectors in Latin America2 mins read Quick Take | Nov 3, 2021 |
The drivers of Latin America’s economies have significantly changed over the past two decades, as we can see clearly by looking at the sector composition of the Latin American stock market.
A Closer Look at Latin America’s Performance2 mins read Quick Take | Oct 20, 2021 |
In our previous post, we analyzed the performance of the MSCI EM Latin America Investable Market Index (IMI) relative to other emerging-market regions. Here, we investigate what drove this performance.
Latin America: A Market with Unique Characteristics2 mins read Quick Take | Oct 4, 2021 |
Latin American stock markets have recovered strongly as the world starts to overcome some of the COVID-19 pandemic’s challenges — renewing interest in the region.