Tag Archives: large cap
Study the Performance of Global Size Benchmarks
The S&P Global BMI serves as a benchmark that measures global stock market performance. The index consists of three mutually exclusive and exhaustive size benchmarks: The S&P Global LargeCap, the S&P Global MidCap, and the S&P Global SmallCap. These indices are float market capitalization weighted and reconstituted annually in September, following the same weighting scheme…
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Exploring Equal Weight’s Impact on Risk/Return
What are the potential risk/return benefits of the S&P 500 Equal Weight Index? S&P DJI’s Hamish Preston and Tim Edwards explore what’s driving the mega-cap trend, multi-decade highs in S&P 500 concentration, and potential applications for the S&P 500 EWI.
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Oscillations in Opportunity
2020 was a year of two reversals for the market. First, equities recovered from the depths of March to finish the year strongly, and second, smaller-cap and value stocks staged a roaring comeback in the final quarter. We can better understand the second reversal by analyzing the market’s distribution of returns and the performance of…
- Categories Equities, S&P 500 & DJIA
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The Importance of Being Large-Cap
The performance of U.S. equity factors during Q2 was lackluster, with most underperforming the S&P 500, as seen in Exhibit 1. While Minimum Volatility and Low Volatility were notable exceptions, Value, Quality, High Beta, and Momentum all lagged the benchmark – in large part because of their tilt toward smaller companies. Since most factor indices…
Indexing With Large Caps at the Core
The end of May 2018 marked another milestone in the history of ETF growth in global markets, with the total assets in ETFs crossing USD 5 trillion. Indian ETF markets are also growing significantly. The support from the Indian government via the Employees’ Provident Fund Organisation and Department of Investment and Public Asset Management, which…
Indexing Route to Large Caps
“Trying to pick individual stocks is a trap. I can’t do it. Warren Buffett can, but hardly anyone else can beat the indexes over a long period of time.” Ben Stein The above quote is proof that Ben Stein seems to understand the merits and traits of indices and index-linked products. There is a varied…
Energy Powers Small Cap And Value In April
In April, the S&P 500 (TR) gained 0.4%, ending its first consecutive monthly loss in almost two years, but the index is still down 0.4% year-to-date (ending April 30, 2018.) Mid caps are also down for the year, -1.0%, after the S&P 400 (TR) lost 0.3% in April. However, Small caps pushed into positive territory, up now 1.6%…
- Categories Equities, S&P 500 & DJIA
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- Equities, S&P 500 & DJIA
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Here’s Why Mid-Caps Matter As The Dollar Drops
The S&P 500 just posted its best January since 1997, and also had its highest measured optimism, a 6.6% risk premium, since October 2015. Whether history repeats itself is yet to be seen, but just a few days after that high risk premium, the stock market topped on Nov. 3, 2015. By December investors saw the…
- Categories Equities, S&P 500 & DJIA
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- Equities, S&P 500 & DJIA
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Large-Cap Energy Stands Out in a Year of Low Volatility
Most sentient investors are aware of the low volatility that characterizes the current environment, with the S&P 500®’s trailing twelve-month annualized volatility at approximately half its level from a year ago. This trend was driven in part by some significant negative inter-sectoral correlations, for example between information technology and real estate versus financials, and energy…
- Categories Equities, Factors, S&P 500 & DJIA
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The Smartest Beta
In the last year, plain old beta performed remarkably well in comparison to the so-called “smart” alternatives tracking large-cap U.S. equities. Of the 17 different strategies reported in our year-end factor dashboard, less than a third outperformed the S&P 500’s total return of 21.83% over the last 12 months. When they are criticized as the…
- Categories Factors, S&P 500 & DJIA
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- Factors, S&P 500 & DJIA
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