Qing Li

Associate Director, Global Research & Design
S&P Dow Jones Indices
Biography

Qing Li is Associate Director, Global Research & Design at S&P Dow Jones Indices. Qing is responsible for conceptualization, research, and design for global strategy and thematic equity indices. Most recently, she has been focusing on Latin American markets.

Previously, Qing worked for Dow Jones Indexes (CME Group Index Services, LLC). Qing served as the director of alternative indices, where she oversaw product development and operations of hedge fund indices, private equity indices, and energy indices. Prior to that role, Qing held various roles including establishing and expanding the Beijing office as director of index operations in the Asia-Pacific region, where she was responsible for the design and implementation of index products for Asia-Pacific markets.

Qing holds a bachelor’s of law from Sun Yet-sen University (also known as Zhongshan University) in China and an MBA from Rider University.

Author Archives: Qing Li

Using Trailing Dividend Yield Versus Indicated Dividend Yield

Over the past decade, the combination of low interest rate environments and shifting demographics has made income-focused investment strategies extremely popular. In constructing an income-producing equity index, the dividend yield of a security serves as a key criteria for eligibility and security selection. Dividend yield is usually calculated as a percentage of a stock’s annual Read more […]

The Importance of Sector Diversification in a Yield-Focused Strategy – Part II

In our previous blog (The Importance of Sector Diversification in a Yield-Focused Strategy – Part I), we highlighted that sector biases in an unconstrained yield strategy could detract from portfolio returns. In this blog, we will show that addressing the sector concentration issue can improve risk-adjusted returns. We constructed three sector-diversified portfolios—the dividend yield portfolio, Read more […]

The Importance of Sector Diversification in a Yield-Focused Strategy – Part I

Diversification is undoubtedly a central tenet of investing. Many studies[1] [2] [3] have shown that over the long-term investment horizon, maintaining a diversified portfolio can potentially reduce overall risk without compromising expected returns. As such, most market participants strive to form diversified portfolios in order to achieve their desired investment outcomes. There are many ways Read more […]

Evaluating Various Financial Ratios Used in Dividend Analysis

There are many ratios that are used to assess the strength of dividends. In this blog, we explore the commonly used dividend measures in income analysis and their applications. We also introduce cash-flow-based measurements, such as free cash flow yield, that can be combined with traditional dividend measurements to provide additional insight into the quality Read more […]

Using Free Cash Flow Yield to Find Sustainable Dividends

When a company makes profit, it may choose to reinvest all of its earnings (common for growing stage companies) or pay back some to its shareholders in the form of dividends (for more mature companies). For market participants who seek a steady income stream and potential dividend reinvestment opportunities, dividend strategies can be one potential Read more […]

Evaluating Value and Momentum Strategies in Latin American Markets

Factor investing has continued to gain momentum in recent years, but the strategy has been predominantly adopted in the developed markets, and research on factor-based strategies in emerging markets remains scarce.  Emerging markets (as measured by the S&P Emerging BMI) returned -13.52% in 2015 but recouped most of the losses in 2016 with a return Read more […]

Rising Rates Environment Doesn’t Hurt All REITs

In a positive sign for the U.S. economy, the Federal Reserve raised the federal funds target rate in December 2016 and penciled in another three hikes in 2017.  While investors may welcome higher interest rates earned from their cash deposits, high-yielding instruments that carry debt can be adversely affected due to higher borrowing costs.  Conventional Read more […]