Extended Viewer

HTML Displayer Portlet

Contributions by ${journalArticleTool.getArticleHelper($renderRequest.getAttribute('com.msci.webmasters.liferay.contentviewer.resourcePrimKey').toString()).getArticle().getTitle($themeDisplay.getLocale())}

Extended-lister

Nothing was found.

Showing 1 - 50 of 2,086 entries

  1. BLOG

    Escaping to Equities for Yield 

    Jun 10, 2021

    Factor Investing

    Learn More

    In today’s low-rate world, some investors shifted toward historically higher-yielding equities. For others, especially in the insurance industry, the greater risk limited their ability to do so. Was a minimum-variance equity approach a viable option?

  2. BLOG

    Mining’s Impact on Biodiversity: A Rising Risk? 

    Jun 9, 2021

    ESG Research

    Learn More

    Will biodiversity losses become the next crisis facing humanity, possibly surpassing climate change? Growing scrutiny on biodiversity risks could have implications for mines that threaten biodiversity or environments of high conservation value.

  3. PAPER

    Fund ESG Transparency — Q2 Spotlight: Mutual Funds 

    Jun 4, 2021

    Download Document

  4. BLOG

    Mining Energy-Transition Metals: National Aims, Local Conflicts 

    Jun 3, 2021

    ESG Research

    Learn More

    Investors are scouting for companies that mine the metals needed in new energy technologies. But some mining projects key to the transition from fossil fuels may face opposition from Native Americans for threatening sacred areas or traditional ways of life.

  5. BLOG

    Momentum on a Value Hunt 

    Jun 2, 2021

    Global Investing , Factor Investing

    Learn More

    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.

  6. BLOG

    Exxon Mobil: Drilling Down on the Proxy Vote 

    Jun 1, 2021

    ESG Research

    Learn More

    The historic win of at least two seats on Exxon Mobil’s board by activist shareholder Engine No. 1 signals a dramatic shift in investors’ thinking about climate change — and in their willingness to vote for climate action. But there is a deeper story.

  7. PAPER

    MSCI Liquidity Risk Monitor 

    Jun 1, 2021

    Download Document

    MSCI Liquidity Risk Monitor is MSCI’s quarterly report that presents liquidity risk indicators over the previous 12 months. This report facilitates discussion and determination of better strategies for liquidity risk management, by providing information on recent indicators and trends, involving U.S. and non-U.S. corporate bonds and bank loans liquidity.

  8. BLOG

    Bitcoin: Good as Gold? 

    May 26, 2021

    Factors , Risk Management

    Learn More

    During inflationary periods, equity investors, historically, have turned to gold as a hedge and diversifier. As the issue of inflation becomes more pressing, we ask whether cryptocurrencies, such as Bitcoin, could have played a similar role.

  9. BLOG

    Real Estate’s Climate-Transition Risk: The Path to Net-Zero 

    May 25, 2021

    Real Estate Investing , Risk Management , Global Investing

    Learn More

    The 2015 Paris Agreement seeks to keep the rise in global temperature to well below 2 degrees Celsius above pre-industrial levels, and many governments are aiming for 1.5°C through nationally determined contributions. What are the implications for real estate markets?

  10. PAPER

    Breaking Down Corporate Net-Zero Climate Targets 

    May 24, 2021

    Download Document

  11. BLOG

    Race & Ethnicity Disclosure: US Companies’ Rocky Start 

    May 19, 2021

    ESG Research

    Learn More

    Violence against the Black and Asian American communities in the U.S. has put racial injustice in the global spotlight. But the lack of standardization in reported data on race and ethnicity has greatly hindered comparability.

  12. BLOG

    The Pressure of the Crowd: Stress Testing Thematic Indexes 

    May 17, 2021

    Equity Themes , Risk Management , Global Investing

    Learn More

    Some investors may be concerned about crowding within the fast-growing thematic-investing segment. Using MSCI’s stock-crowding model, we identify crowded themes and run stress tests to understand how they might respond to an equity sell-off.

  13. BLOG

    What Really Drove Value and Growth Fund Performance? 

    May 14, 2021

    Factor Indexes , Factors

    Learn More

    Many look to market-cap indexes when comparing the performance characteristics of growth and value funds — including manager skill. We found a switch to style indexes reduced industry- and style-factor contributions and made manager skill more apparent.

  14. BLOG

    Are Your Clients Ready for US Tax Day? 

    May 10, 2021

    Risk Management

    Learn More

    Given the complexity of U.S. tax regulation, wealth advisers continue to grapple with how to build tax-efficient portfolios while balancing clients’ other objectives. We propose a rules-based way of doing so and analyze its benefits and trade-offs.

  15. BLOG

    Why Is Climate-Transition Risk High in High Yield? 

    May 6, 2021 Bruno Rauis , Juan Sampieri , Andy Sparks

    ESG Research , Fixed Income , Risk Management

    Learn More

    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?

  16. BLOG

    The Theory of (Value) Relativity 

    May 5, 2021 Waman Virgaonkar , Mehdi Alighanbari

    Factor Investing

    Learn More

    Whether constructing a fundamental factor model, a value strategy or a value index, valuation ratios need context. Time-series and cross-sectional approaches each have pros and cons. But combining the two may have presented a clearer picture. 

  17. PAPER

    US House Price Projections from the Impact of the Coronavirus 

    Apr 30, 2021

    Risk Management

    Download Document

  18. PAPER

    The Top 20 Largest ESG Funds — Under the Hood 

    Apr 29, 2021

    Download Document

  19. BLOG

    Bringing Value to the 21st Century 

    Apr 28, 2021 Mehdi Alighanbari , Arihant Jain , Saurabh Katiyar , Katiyar Saurabh

    Factors , Global Investing

    Learn More

    In the second post in our series, we further probe value’s underperformance over the past decade and ask if the historic definition of value remains relevant. We specifically look at whether a company’s valuation can be enhanced by reflecting R&D investments. 

  20. BLOG

    How Office Real Estate Performed amid COVID 

    Apr 27, 2021 Niel Harmse

    Real Estate Investing

    Learn More

    COVID-19 disrupted real estate across countries and property segments. The biggest initial impacts were felt in retail, leisure and hotels. But more recently, the performance of listed offices has lagged.

  21. PAPER

    MSCI Foreign Exchange Implied Volatility Factor Model 

    Apr 27, 2021

    Factor and Risk Modeling

    Download Document

    The MSCI Foreign Exchange Implied Volatility (FX Vol) Factor Model is the latest addition to the MSCI Multi-Asset Class (MAC) Factor Model. As with other factor model blocks in the MSCI MAC model, the MSCI FX Vol model is built on top of the more granular RiskMetrics’ foreign exchange (FX) option data, specifically FX volatility surface time series. As with the MSCI MAC model writ large, the purpose of the MSCI FX Vol model is to filter market data to its fundamental drivers of risk and return.

  22. BLOG

    Modern Slavery: The Unseen Risks 

    Apr 26, 2021 Morgan Ellis

    ESG Research , Global Investing

    Learn More

    Modern slavery occurs all over the world and can impact virtually all industries. Meanwhile, regulations requiring more detailed reporting on potential supply-chain exposure is increasing. How can investors identify portfolio holdings most at risk?

  23. BLOG

    Factor Investing Held in High-Volatility/-Concentration Period 

    Apr 23, 2021 Abhishek Gupta , Ashish Lodh

    Factor Indexes , Factors , Risk Management

    Learn More

    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?

  24. PAPER

    MSCI Agency Fixed Rate MBS Prepayment Model Version 2.0 

    Apr 20, 2021 Yihai Yu

    Risk Management

    Download Document

    This Model Insight document describes the details of the new MSCI Agency Fixed Rate MBS Prepayment Model Version 2.0 (MSCI2.0) focusing on the changes as compared to the previous version model - The MSCI Agency Fixed Rate MBS Prepayment Model Version version 1.0 (MSCI1.0) .

  25. BLOG

    Some ESG Funds Are Not Like the Others 

    Apr 19, 2021 Rumi Mahmood

    ESG Research , Global Investing

    Learn More

    ESG funds’ holdings can vary significantly, depending on their objectives, methodologies and geographic exposures. We examined the 20 largest equity funds in our coverage universe.

  26. BLOG

    Could Investment Grade Be as Risky as High Yield? 

    Apr 16, 2021 András Bohák , Andras Rokob

    Fixed Income , Risk Management

    Learn More

    Do high-yield and investment-grade bonds carry the same level of risk? For investors using common measures like value-at-risk models, IG- and HY-bond portfolios’ risk levels appear to have converged. But traditional models may miss important aspects of HY risk.

  27. BLOG

    Innovation Remix: Adding Thematics to Equity Programs 

    Apr 14, 2021 Anil Rao , Raman Aylur Subramanian , Subramanian Aylur

    Equity Themes , Factor Indexes , Global Investing

    Learn More

    How can investors incorporate transformative, but volatile thematic investments while seeking to control for valuation and total and active risk? We examine three approaches that improved a portfolio’s “innovation profile” with modest changes to risk.

  28. PAPER

    Factor Allocation Model: Integrating Factor Models and Strategies into the Asset Allocation Process 

    Apr 14, 2021 Dimitris Melas

    Asset Allocation and Asset Liability Management , Factor and Risk Modeling , Investing (Investment Management) , Performance Analysis , Portfolio Construction and Optimization

    Download Document

  29. BLOG

    Long-Horizon Risk: The Past 50 Years 

    Apr 13, 2021 Monika Szikszai , Thomas Verbraken

    Fixed Income , Risk Management

    Learn More

    For long-horizon investors that aim to ride out volatility, short-term risk measures may be insufficient. We used multiperiod stress testing to evaluate one- and five-year returns of hypothetical multi-asset-class portfolios using 50 years of history.

  30. PAPER

    Unseen Laborers: Addressing Modern Slavery in 2021 

    Apr 7, 2021

    Download Document

  31. BLOG

    Including Microcaps in Benchmark Indexes: Japan vs. US 

    Apr 7, 2021 Naoya Nishimura

    Equity Themes , Global Investing , Factor Investing

    Learn More

    Selecting an equity benchmark may mean balancing market coverage and investability. For example, exhaustive coverage may include microcap stocks, with lower liquidity and investment capacity. But excluding them may reduce low-size-premium exposure.

  32. BLOG

    Factors in Focus: Value Springs into Action 

    Apr 6, 2021 Waman Virgaonkar , Hitendra D Varsani , Hitendra Varsani

    Factor Indexes , Fixed Income , Factor Investing

    Learn More

    Value has historically outperformed in economic recoveries. With the reopening of the global economy we examined value’s performance against other factors, and exposures from our adaptive multi-factor model at the end of Q1. 

  33. BLOG

    Reopening Economies and the Resurgence in Value 

    Mar 31, 2021 Waman Virgaonkar , Hitendra D Varsani , Hitendra Varsani

    Factor Indexes , Global Investing , Factor Investing

    Learn More

    After 15 years of challenging performance, many have asked if value is still a valid investment strategy. But the reopening of the global economy following vaccination rollouts has reignited interest across stocks, sectors, countries and regions.

  34. BLOG

    Open- vs. Closed-End Real Estate Funds: How the Choice Mattered 

    Mar 30, 2021 Bryan Reid , Luis O’Shea , Bert Teuben , Luis O’shea

    Real Estate Investing

    Learn More

    The aggregate performance of closed- and open-end real estate funds in the U.S. was strikingly similar in recent years, despite large differences in their strategy and roles in portfolios. But did some investors gain an edge through fund selection?

  35. PAPER

    Deconstructing ESG Ratings Performance: Risk and Return for E, S And G by Time Horizon, Sector and Weighting 

    Mar 30, 2021 Guido Giese , Zoltán Nagy , Linda-Eling Lee

    Investing (Investment Management) , Portfolio Construction and Optimization , Responsible Investing

    Download Document

  36. BLOG

    Value-Performance Anxiety 

    Mar 23, 2021 Mehdi Alighanbari , Saurabh Katiyar

    Global Investing , Factor Investing

    Learn More

    Despite a recent performance lift, many still ask whether the value factor is broken. We analyze the reasons behind its underperformance and start exploring the potential of updates to value definitions and approaches to value-portfolio construction.

  37. BLOG

    CEO Compensation: Paying Up for Mediocrity 

    Mar 22, 2021 Harlan Tufford

    ESG Research

    Learn More

    Are companies aligning CEO pay with long-term performance? Or, put another way, are directors incentivizing executives to drive the long-term success of the companies they run? We found evidence that pay and performance are misaligned for many U.S. CEOs.

  38. PAPER

    ESG Indexes Through the Slump and Rally of 2020 

    Mar 19, 2021

    COVID-19

    Download Document

  39. BLOG

    Considerations for Dedicated China Equity Allocations 

    Mar 18, 2021 Zhen Wei , Wei Zhen

    Emerging Markets , Global Investing

    Learn More

    China provides global equity investors a unique set of opportunities and challenges as they evaluate a potential dedicated investment program and how to approach asset allocation from policy configuration to portfolio implementation.

  40. BLOG

    中国专业股票配置的要点 

    Mar 18, 2021

    Emerging Markets , Global Investing

    Learn More

    鉴于中国进一步开放金融市场,一些投资者指定了一个专门计划来负责处理与中国相关的一系列投资机会。

  41. BLOG

    Managing the Risks of LIBOR Replacement 

    Mar 17, 2021 Greg Scheuer , Maks Oks

    Fixed Income , Risk Management , Global Investing

    Learn More

    Investors now have clarity on the process of transitioning away from LIBOR and falling back on replacement benchmark rates. We used stress tests to show that fallback modeling may be necessary to measure and manage the risks of LIBOR instruments.

  42. BLOG

    The Pace of Fast Change: Growth vs. Thematic Investing 

    Mar 16, 2021 Anil Rao , Stuart Doole

    Factor Indexes , Factors , Global Investing , Factor Investing

    Learn More

    Investors considering thematic investments to gain exposure to firms whose fortunes may not be captured by fundamental growth measures, may ask: What are the key opportunities – and challenges – that distinguish thematic from growth investing?

  43. BLOG

    Is There a Hedge-Fund-Crowding Factor? 

    Mar 10, 2021 Howard Zhang , George Bonne

    Factor Investing

    Learn More

    Hedge funds held heavy, relatively illiquid short positions in crowded stocks before the January 2021 short squeeze. We created a risk factor that added explanatory power and may provide insights into potential short squeezes and other risks.

  44. BLOG

    Are Growth and Value Indexes Still in Style? 

    Mar 9, 2021 Guillermo Cano , Abhishek Gupta

    Factor Investing , Risk Management , Global Investing

    Learn More

    Growth and value indexes were created in the 1980s as finer tools than market-cap indexes to measure the performance of growth and value funds. Are style-specific indexes still a relevant choice to use as benchmarks for these funds?

  45. BLOG

    Women on Boards: The Hidden Environmental Connection? 

    Mar 8, 2021 Christina Milhomem

    ESG Research

    Learn More

    With social inequality gaining prominence ahead of the 2021 proxy season, investors and other stakeholders are increasingly vocal about the need for greater diversity in corporate boardrooms. How successful have boards been globally?

  46. BLOG

    How Inflation Could Affect Multi-Asset-Class Portfolios 

    Mar 3, 2021 Thomas Verbraken , Daniel Szabo

    Real Estate Investing , Fixed Income , Global Investing , Integrated Risk Management

    Learn More

    Market participants are hotly debating whether U.S. monetary and fiscal policy may cause inflation. We consider four scenarios — reflation, disinflation, an overheated economy and stagflation — and their potential impact on multi-asset-class portfolios.

  47. BLOG

    How Have Stocks Responded to Changes in Climate Policy? 

    Mar 1, 2021 Guido Giese , Zoltán Nagy , Bruno Rauis

    ESG Research , Global Investing

    Learn More

    To what extent has climate risk been priced into equity markets? Is there a “brown” discount and a “green” premium? Has this shifted over time? How can we model such risks as the world moves toward net-zero targets? We examine the financial impact of climate transition risk on global equity markets.

Showing 1 - 50 of 2,086 entries