Ashish Lodh is a Vice President in the Equity Solutions Research team based in London. He focuses on quantitative research across MSCI equity index solutions including factor and ESG indexes. Previously, he was Deputy Research Director at ERI Scientific Beta where he conducted research in equity multi-factor solutions. Ashish holds a B.S. in Chemical Engineering from the Indian Institute of Technology and a master’s degree in Finance from ESCP in Paris.
Research and Insights
Articles by Ashish Lodh
Analyst Sentiment as a Factor ConsiderationReport | Jul 25, 2022 |
An analyst’s equity opinion encompasses how different interrelated forces may impact the future performance of a company. We sought to define the analyst-sentiment factor, while assessing its relationship with other traditional equity style factors.
The Impact of ESG and Climate on Equity Yield6 mins read Blog | Jun 28, 2022 |
Investors are increasingly incorporating ESG and climate considerations in asset selection. With that in mind, our research focuses on ESG and climate profiles in relation to equity yield and tracking error.
Market Uncertainty Has Favored Low-Volatility Indexes2 mins read Quick Take | Apr 11, 2022 |
The global market rally that began in April 2020 came to a halt with a sell-off that started at the end of last year and increased in intensity this February with the invasion of Ukraine.
Which Factors Rose with the Price of Oil?Blog | Mar 8, 2022 |
Hotter Inflation Set Some Styles and Sectors on Fire7 mins read Blog | Jan 11, 2022 |
Whether due to stimulus, deglobalization, decarbonization or an overheating economy, higher inflation could have an impact on style-factor and sector performance. We investigate this impact in the context of two potential economic-growth regimes.
Sizing Up Small Caps6 mins read Blog | Aug 25, 2021 |
Given small-cap outperformance since March 2020, investors are asking how these stocks size up in terms of short-term valuation, sentiment and macro outlook? Longer term, might small caps help capture opportunities around thematic investing megatrends?
Hedging Inflation with Equities6 mins read Blog | Jul 16, 2021 |
Equities have traditionally been viewed as a hedge against inflation, based on the assumption that companies’ revenues adjust for inflation over time. But what has been the short-term impact on equity portfolios?
Momentum on a Value Hunt5 mins read Blog | Jun 2, 2021 |
Momentum, by definition, rotates into securities with recent outperformance. That said, investors who view value and momentum as contra-signals may have questions about the value-momentum convergence and the divergence of momentum and growth.
Factor Investing Held in High-Volatility/-Concentration Period5 mins read Blog | Apr 23, 2021 |
U.S. equity markets have experienced increased volatility coupled with concentration in a handful of megacap companies. Has this hampered investors’ ability to capture factors effectively? Have stock-specific risks dominated factor indexes?
An ‘ESG-First’ Approach to Portfolio Construction8 mins read Blog | Jan 19, 2021 |
A new administration in the U.S. and ESG-related regulations in Europe may further increase investors’ sustainability focus. We examine an “ESG-first” approach to integrating measurable ESG and climate considerations into portfolios.
Kuwait’s Move from Frontier to Emerging Market6 mins read Blog | Dec 14, 2020 |
Kuwait’s reclassification from frontier to emerging market and inclusion in the MSCI Emerging Markets Index provides investors exposure to yet another Gulf Cooperation Council member, one that has worked to open its doors to foreign investors.
How Portfolio-Weighting Schemes Affected Factor Exposures6 mins read Blog | Oct 15, 2020 |
Single-factor portfolios seek high exposure to a target factor and limited exposure to non-target ones. We assess the impact that common portfolio weighting schemes have on these exposures, as well as on portfolio efficiency, concentration and investability.
How to Describe a Factor5 mins read Blog | Sep 10, 2020 |
How to define a factor? It’s a challenge for asset owners and wealth managers in evaluating how well factor products meet investment objectives. We found an improved and more robust measure can be formed by combining multiple descriptors.
Did Value-Factor Exposure Deliver for Value Funds?5 mins read Blog | Jun 29, 2020 |
Building on previous MSCI research into the nuanced performance of the value factor, including the impact of sectors and other style factors, we look at how exposure to value drove the performance of actively managed value funds.
ESG and the cost of capitalBlog | Feb 25, 2020 |
We know a lot about the relationship between companies’ ESG characteristics and financial performance. But was there a correlation between ESG scores and cost of capital?
Beware high dividend yield trapsBlog | Oct 25, 2019 |
During low interest-rate, high-volatility environments, some investors have turned to high dividend-paying stocks. However, overly simplistic approaches to selecting dividend-paying securities exposed investors to potential “yield traps.” Could these traps have been avoided?