Extended-lister
Showing 81 - 90 of 463 entries
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MSCI Blog
Decarbonizing Bond Portfolios: Risk Trade-OffsBond investors looking to reduce their portfolios’ carbon footprint may decide to shift capital from high to low emitters. Did a decarbonizing approach that preserves sector exposures significantly change the main portfolio risk characteristics?
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Research Report
Private Real Estate: From Asset Class to AssetThe paper highlights real estate's key characteristics from the viewpoint of the asset owner. The research applies IPD market data – combining both valuation and transaction-based information – as a reliable source for determining market risk. The paper also demonstrates the importance of benchmarking and attribution analysis in assessing active risk. The research applies the methods and analysis used in the IPD Portfolio Analysis Service.
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MSCI Blog
What Really Drove Value and Growth Fund Performance?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.
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Research Report
The Perils of ParityThis paper examines the recent trend of adding leverage to fixed income allocations of multi-asset class portfolios of large asset owners. We show that the optimality of adding leverage from a volatility-reduction perspective depends on the correlations between bonds and equities, the relative volatility of bonds versus equities, and the weights of the two asset classes in the portfolio. If correlations between bonds and equities are negative, adding leverage could reduce the volatility of a...
Portfolio Management Analytics
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Research Report
Back to the Future of Risk ManagementIn 2009, MSCI conducted a global survey, The Future of Market Risk Management. The goal of this survey was to identify the most relevant issues for market risk, the role of the risk manager, and risk trends resulting from the aftermath of the financial crisis. In this paper, we review the results of the latest survey, MSCI’s 2011 Global Asset Owners Survey: Back to the Future of Risk Management. With 85 participants from 26 countries, this survey looks at risk management...
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MSCI Blog
Growth Investing in Private Markets: Trends and TransparencyAre quoted returns of private-equity investment comparable to those in public equity markets? To analyze this quandary, we use transaction and order-book data for timely insights into venture capital trends and relate them to public markets.
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MSCI Blog
Paris-Aligned Indexes to Manage the FutureAs commitments to reach net-zero by 2050 surge, institutional investors are looking for tools to implement net-zero strategies in portfolios. Futures linked to the MSCI Climate Paris Aligned Indexes are one option for asset managers and asset owners.
ESG Indexes ESG Climate VaR ESG Climate Solutions
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MSCI Blog
Unpacking the Volatility so FarThe year that began in January stands out for the uncertainty that has rocked the global economy. The search for growth, the prospect of deflation and a slowdown in China have combined to roil financial markets and challenge asset owners and managers worldwide
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MSCI Blog
2016 ESG Trends to Watch: Opportunities and RisksEnvironmental, social and governance concerns may play a growing role in investment matters in 2016. These trends reflect a softening economy, a long-term shift to a low carbon economy, a generational changeover and institutional forces.
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MSCI Blog
Listed and Private Real Estate: Putting the Pieces Back TogetherA property owned by a listed real estate company, such as a Real Estate Investment Trust (REIT) or a real estate management and development company, should produce returns close to those of an equivalent asset that is privately owned. In reality, however, the results differ, especially when looking at short-term performance. The challenge for real estate investors is to be able to use both listed and direct real estate in their real estate allocations and understand the performance drivers for each. Specifically, how do equity market factors, financial structures and individual properties contribute to performance?