Understanding carbon pricing risk exposure is essential to managing business risk and building resilience to intensifying global climate policies.
Explore the sources of equal-weight index outperformance from various perspectives, including sectoral, factor-based, and constituent-level analyses.
S&P Global Equity Indices Monthly Update December 2017
We explore the efficacy of earnings revision strategies in various Pan Asian equity markets including Australia, China, Hong Kong, India, Japan, South Korea, and Taiwan to shed light on whether earnings revisions can be an alternative source of return drivers for these markets.
The rise of passive management was the consequence of active performance shortfalls.
Strong theoretical arguments and extensive empirical data support the view that we should expect most active managers to underperform most of the time; but does active performance tend to wax and wane?
For this paper, we compared sector composition in factor portfolios and examined performance characteristics of factors in different macroeconomic regimes, including market cycles, business cycles, and investor sentiment regimes in India.
Dividend investment strategies have inspired widespread academic research, and they have been adopted extensively by market participants. In response to the demand for benchmarks in this investment arena, S&P Dow Jones Indices offers a series of dividend strategy indices, which are all designed to meet specific needs.
S&P Global Equity Indices Monthly Update November 2017
The purpose of this paper is to provide—without requiring a prior knowledge of the sophisticated mathematics involved in option pricing—a practitioner’s guide to interpreting what is, and what is not, indicated by VIX.
In recent years, socially responsible investing has gained importance worldwide. India has also aligned itself with this global trend and become more sensitive to the ESG aspects of doing business.
Market participant appetite for sukuk remains, and there is a tendency to favor higher-yielding and longer-tenor sukuk.
With high free cash flow possibly indicating a strong, healthy balance sheet, we tested to see if free cash flow yield, defined here as annual free cash flow per share divided by stock price, contains any meaningful return information and whether, all else being equal, a company with a higher free cash flow yield will deliver higher free cash income for each U.S. dollar invested and is preferable to one with a lower free cash flow yield.
S&P Global Equity Indices Monthly Update October 2017
The S&P LTVC Global Index was designed as a vehicle to identify the companies that embody long-termism and give long-term market participants an index that seeks to track the performance of these like-minded companies. The index also aims to engage companies on the issue of long-termism in order to motivate them to improve disclosure on their sources of LTVC. This paper provides our philosophy and rationale on the objective, process, and structure that went into creating the index, as well as its engagement role in influencing companies to improve their reporting to market participants.
S&P Dow Jones Indices has introduced the S&P/BMV Mexico Target Risk Index Series, a series of multi-asset class indices that are designed to serve as benchmarks for the Mexican pension system.
Review of 2018 S&P GSCI Index Rebalancing
S&P Global Equity Indices Monthly Update August 2017
In this paper, we investigate the relationship between the credit bond sectors and the CBOE Volatility Index® (VIX), a leading indicator of the implied volatility of the U.S. equity market.
In this paper, we analyzed the performance of six single factors (small cap, value, low volatility, momentum, quality, and dividends) in the Hong Kong market from June 30, 2006, to Feb. 28, 2017.