Tag Archives: High Quality
The S&P Quality Developed Ex-U.S. LargeMidCap Index: Attributes and Characteristics
The COVID-19 pandemic continues to create uncertainty in the global economy. The uncertain economic recovery and increased global corporate defaults have caused equity investors to turn to high-quality companies. The S&P Quality Developed Ex-U.S. LargeMidCap was designed to meet such needs. In this analysis, we investigate the performance, attributions, and characteristics of the index. The…
Quality Premium Needs Long-Term Investment Horizon
The quality factor has been outperforming the S&P 500® YTD, an accelerating trend in place since 2019.[i] In the small-cap space, however, quality underperformed the S&P SmallCap 600® in 2019 (see Exhibit 1). Despite this short-term divergence, quality has exhibited consistent premium in large caps and more profoundly in small caps throughout its history. To…
- Categories Equities
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The Defensive Advantage
A wise man told me years ago that there are some things you can’t get if you go after them directly. If you’ve ever watched someone trying to sound interesting, you’ll realize the truth of my friend’s observation. There are plenty of interesting people out there, of course, but they achieve that status by pursuing…
- Categories Equities, S&P 500 & DJIA, Strategy
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- Equities, S&P 500 & DJIA, Strategy
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Asian Fixed Income: Two Growth Segments in China’s Bond Market
China’s bond market continued to expand in 2017. The local currency bond market, as tracked by the S&P China Bond Index, grew over 19% in the past year. As of June 30, 2017, the S&P China Bond Index tracked 9,342 bonds with a market value of CNY 51 billion. Two segments that recorded robust growth…
- Categories Fixed Income
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Asian Fixed Income: A Quest for High-Quality Chinese Corporate Bonds
In a previous piece, we highlighted the emerging credit risk in Chinese corporates. Nevertheless, a recent survey reinforced the belief in the long-term future of China’s onshore bond market and pointed to an expected increase in exposure to Chinese bonds.[1] As China’s bond market continues to grow, it may be important for market participants to…
- Categories Fixed Income
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