Tag Archives: Europe
No Immunity for Active Managers
Despite the early warning signs of a global pandemic and its devastating potential to obliterate economic growth, it appears that fund managers in Europe generally failed to position themselves appropriately for the storm that was to come. Taking a sneak peek into our upcoming SPIVA® Europe Scorecard, we can see the majority of Europe Equity…
- Categories Equities
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- Equities
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Beyond the SPIVA® Europe Mid-Year 2018 Headlines – Delving Deeper Into the Data
The S&P Indices Versus Active (SPIVA) Europe Mid-Year 2018 Scorecard is often cited for its latest headlines surrounding the active vs. passive debate. But beyond the SPIVA headlines, there is an extensive offering of insightful data that has been carefully measured and presented to help readers dig deeper. Let’s look at just one example from…
- Categories Equities
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- Equities
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Mind the Gap: Corporate Carbon Disclosure in EMEA
Many companies in the Europe, Middle East, and Africa (EMEA) region appear not to be fully disclosing their carbon emissions—especially from their supply chain and use of products. For many sectors, this is often where most risks lie. Nevertheless, across EMEA there are encouraging signs that companies are investigating these gaps and taking action to…
- Categories Sustainability
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- Sustainability
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Where Are the PIGS Now, Minus the G?
Over the past five years, the more worrisome government-issued debt in Europe has made significant progress in managing the normal mechanism of higher-perceived risk equaling higher yields. The Wall Street Journal focused on Portugal’s debt in their article, “Decade of Easy Cash Turns Bond Market Upside Down”. Quantitative easing (QE) by the European Central Bank…
- Categories Fixed Income
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SPIVA Europe Mid-Year 2017 Scorecard: Active Versus Passive – Consistency Is Key
It’s that time of the year and the highly anticipated SPIVA Europe Mid-Year 2017 Scorecard is out. European active fund managers are no doubt apprehensively looking to see how their industry is competing with the performance of their respective S&P DJI benchmark indices. At first glance, active proponents may breathe a sigh of relief for…
- Categories Equities, Fixed Income
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- Equities, Fixed Income
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Navigating Brexit
Despite some warnings from volatility gauges, the market had “priced in” a vote for remain from the UK’s population. This has made for some dramatic headlines, and large movements since the vote to leave the EU was announced. As the market scrambled to make sense of the political chaos, three key themes have emerged from the…
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Stay or Leave, the Brexit Vote Will Have an Impact
The latest weekend survey by the Daily Mail predicted the outcome of the June 23, 2016, U.K. vote in the “stay” column 45%-42%, as European markets either ralied or rebound on the news—depending on their timing and view of the situation. The vote, which has been talked about for a while, came to the front…
- Categories Equities, S&P 500 & DJIA
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- Equities, S&P 500 & DJIA
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Eurozone Corporates Gets an ECB Kickstart
The impact of the ECB announcement on March 10, 2016, continues to play out in the bond markets. The governing council decided to establish a new program (the Corporate Sector Purchase Program, or CSPP), which will purchase investment-grade, euro-denominated bonds issued by non-bank corporations established in the eurozone. The goal of the action is to…
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Long-Term Underperformance of European Active Management continues to play out in the active versus passive debate.
Every six months, S&P Dow Jones Indices publishes the S&P Indices Versus Active (SPIVA®) Europe Scorecard, which seeks to compare the performance of actively managed equity funds across different categories, and in the SPIVA Europe Year-End 2015 Scorecard, we expanded it to cover more individual countries and regions. Among the new additions are Italy, the…
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February Brings Both the Positive and the Negative in European Government Bond Markets
Germany and Luxembourg government bond yields have tightened nearly 30 bps since the beginning of 2016, moving the S&P Germany Sovereign Bond Index and the S&P Luxembourg Sovereign Bond Index yields back into negative territory (see Exhibit 1). Yields on both indices last hit negative territory in April 2015, at the height of the Greek…
- Categories Fixed Income
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