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Apr. 16, 2019
Could the Federal Reserve Board (the Fed) become less independent, with political forces exerting more influence?
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You don’t have to be a master craftsman to appreciate the benefits of using the right tool for the job. Even the most casual do-it-yourselfer has experienced the frustration of using the wrong screwdriver for a particular job — one that doesn’t quite fit the screw properly and shreds the head, leaving it uselessly stuck in the wood without fixing anything.
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Apr. 10, 2019
Need a Lyft? Why the IPO blew a tire »
Alan Brett, Matt Moscardi | Equity Themes, ESG Research, Risk Management
A week into the highly publicized IPO for Lyft Inc., the ride-sharing company, it’s hard to say it went exactly as planned.
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Apr. 08, 2019
Are You Ready For Uniform MBS? (Part 1) »
Yihai Yu | Models/Client Cases, Fixed Income, Risk Management
Fannie & Freddie will conclude Single Security Initiative (SSI) June 3, 2019, creating a single to-be-announced (TBA) market & a new TBA security: the uniform mortgage-backed security (UMBS)
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Apr. 05, 2019
What Yield-Curve Inversions Have Meant For Markets »
Alfredo Bequillard | Equity Themes, Economic Exposure, Fixed Income
Inversion of the yield curve has historically been a reliable indicator that a recession is coming. But what has it implied for stock prices and Treasury rates?
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Apr. 03, 2019
Evaluating the impact of LIBOR fallback »
Maks Oks | Fixed Income, Global Investing, Integrated Risk Management
The planned discontinuation of LIBOR and other interbank offer rates sometime in 2022 will affect a large number of existing financial contracts based on these benchmarks.
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Apr. 02, 2019
Factors in Focus: Risky start. Quality finish. »
Hitendra Varsani, Waman Virgaonkar | Factors, Global Investing, Factor Investing
We highlight the fast-moving rotation among factors that continued during Q1 2019. As we move into Q2 2019, this framework showed allocation changes in different factors.
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Mar. 28, 2019
Saudi Arabia inclusion and emerging markets »
Saurabh Katiyar | Equity Themes, Emerging Markets, Global Investing
Saudi Arabian stocks will be included in the MSCI Emerging Markets Index and the MSCI ACWI Index in a two-step process starting in June this year. With the first step of inclusion of the MSCI Saudi Arabian Index coming shortly, we ask how inclusion of this Middle Eastern market would have affected the MSCI EM Indexes.
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Mar. 27, 2019
Have High-Yield ETFs Created Liquidity Risk? »
Reka Janosik | Fixed Income, Risk Management, Integrated Risk Management
In the fourth quarter of 2018, redemptions of high-yield ETFs soared to approximately 25% of these funds’ assets under management (AUM), according to data provider IHS Markit.
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Mar. 22, 2019
A new day for monetary policy? »
Andy Sparks | Emerging Markets, Fixed Income, Global Investing
Listen as MSCI’s Andy Sparks discusses potential implications of the US Federal Reserve’s sharply softening monetary policy, and whether the role of central banks has changed.