Tag Archives: S&P Europe 350
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…
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Wash Your Hands of Market Timing with Risk Control
The market highs of February 2020 already seem like a strange, distant past, in which people socialized, worked in offices, and were blissfully unappreciative of their abundant supply of toilet paper. Life has changed. With that change, the S&P Europe 350® lost a third of its market capitalization in just a month. The market may…
- Categories Strategy
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- Strategy
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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…
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European Factor Highlights
We recently updated our S&P Europe 350 Factor Dashboard, which shows the factor exposures of a number of our European indices (interested parties can sign up here). Here are some highlights from our year-end report. Little separated the returns to European core factor indices, but all outperformed While the extremely low stock-level dispersion contributed to…
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2017…Among the Sleepiest of Years
If 2016 was unremarkable, 2017 was downright sleepy…at least as far as equity markets were concerned. In 2017, the S&P 500 notched the lowest level of volatility in 27 years. Both dispersion and correlations were among the lowest levels in the same period. This is in spite of a year that was far from lacking…
- Categories Equities, Uncategorized
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2017: A Selection of Highlights
As we rapidly approach Christmas and New Year (not to mention year-end evaluations) it seems fitting to reflect on what happened in 2017. We will publish our regional month-end dashboards on December 29 (interested parties may sign up here). Before then, here are a few highlights using data as of December 15. Volatility was historically…
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Support or Resistance for Europe?
Subscribers to our European dashboard will know that October was a broadly positive month for the region’s equity markets; the S&P Europe 350 posted a 1.66% total return, while nearly every equity strategy in the region gained. Additionally, the S&P Europe 350’s closing price level of 1,600 for October brought the benchmark to within touching…
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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…
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- Equities, Fixed Income
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Active Management Underperformance in 2016 Generally Higher Than in Previous Years
European equity markets, as measured by the S&P Europe 350, went up 3.44% in 2016, yet the average performance of active managers invested in Europe was negative, whether measured on an asset-weighted or equal-weighted basis. Over the one-year period, more than 80% of active managers invested in European equities underperformed their respective S&P DJI benchmark….
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Back to Normal…Almost
It’s been a roller coaster week in the aftermath of the startling conclusion to the U.S. Presidential election on November 8, 2016. As recently as a week before the election, equity markets were quite calm, although volatility levels recognized the possibility of a surprise Trump victory. When that victory occurred, U.S. futures declined significantly before…
- Categories Equities, S&P 500 & DJIA
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- Equities, S&P 500 & DJIA
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