Tianyin Cheng

Director, Strategy Indices and ESG Indices
S&P Dow Jones Indices
Biography

Tianyin Cheng is Director, Strategy and ESG Indices, at S&P Dow Jones Indices. She focuses on alternate beta strategies including factor-based strategies, dividends and volatility, as well as quantitative, thematic and asset-allocation strategies. In her role, Tianyin works closely with the sales, marketing and global research & design departments to bring new ideas to market.

Prior to her current role, Tianyin was a quant analyst and risk manager at Catalytic Investment Group, a Singapore-based multi-strategy fund, equity fund and family office. She also has two years of experience in quantitative equity research, including a position at Daiwa Capital Markets in Singapore.

Tianyin holds a M.Sc. in Econometrics and Mathematical Economics with Distinction from The London School of Economics (LSE) and a B.Sc. in Mathematics with the Lee Kuan Yew Gold Medal award from Nanyang Technological University (NTU), Singapore.

Author Archives: Tianyin Cheng

Natural Resources, a Potential “Natural” Play on Higher Inflation Expectations

As the economy expands and inflation ticks up in the post-election world, fueled by a pledge by President Trump to increase fiscal spending with improvements to America’s crumbling infrastructure, market participants will have to keep in mind the negative effects of increasing prices.  They may want to consider hard-asset-related investments to help maintain the purchasing Read more […]

The S&P GIVI Japan Posts Impressive Five-Year Live Track Record

The S&P GIVI (Global Intrinsic Value Index) Japan posted an impressive five-year live track record.  It is one of the few multi-factor indices in the market, and it was launched five years ago.  Since its launch in March 2012, the S&P GIVI Japan has outperformed its benchmark, the S&P Japan BMI, by 1.17% per year, Read more […]

Gaining Insight Into New Zealand’s Dividends

Why a New Zealand Dividend Strategy Now? New Zealand companies pay out more profits as dividends than many other countries in the world, with an aggregate distribution of 84% of earnings in 2015, much higher than the 48% in the U.S. and 54% globally (see Exhibit 1). One primary reason for this high payout ratio Read more […]

Looking at the Low Beta and Value Legs of the S&P GIVI® Japan

The spread between the returns of the S&P GIVI Japan and its benchmark index, the S&P Japan BMI, comes from three sources: the excess return of the S&P Low Beta Japan Index; the excess return of the S&P Intrinsic Value Weighted Japan Index; and a residual effect that comes from the sequential approach to the Read more […]

The S&P 500® Dynamic Gold Hedged Index Increased in Reaction to Friday’s Brexit Vote

Gold often rallies in times of intense market turmoil, as the safe-haven asset is perceived as a hedge against economic and financial risk.  This was one of the rationales for constructing the S&P 500 Dynamic Gold Hedged Index.  What happened on Friday, June 24, 2016, clearly demonstrated the effectiveness of the strategy in terms of Read more […]

Accessing China’s Growth via Dividends

In the current environment of short-term volatility amid a long-term positive outlook for the Chinese economy, a focus on growing, sustainable dividends in China’s equity markets could provide the opportunity to get a slice of the region’s structural growth and potential downside protection compared with a typical growth strategy, such as an earnings growth strategy. Read more […]

Why Risk Control Works

Recently, institutional investors with long-term investment horizons have responded with aversion to market volatility by considering a number of risk control strategies.  Risk control strategies use dynamic asset allocation (between an index and cash) to target a stable level of volatility in all market environments.  For institutional investors with long-standing liabilities, ranging from defined benefit Read more […]