Balancing High Yield and Growing Dividends in a Sector-Neutral Framework with the S&P Sector-Neutral High Yield Dividend Aristocrats
In September 2022, S&P DJI was pleased to add the S&P Sector-Neutral High Yield Dividend Aristocrats® to the S&P Dividend Aristocrats Index Series. While most dividend indices have notable sector under- and overweights versus their underlying benchmark, this index is the first in the series to be sector neutral. As such, this index emphasizes dividend…
Analyzing Active in Australia: Lessons from the SPIVA Australia Mid-Year 2023 Scorecard
Since 2013, our SPIVA® Australia Scorecards have shown that the majority of actively managed Australian equity funds have typically underperformed the S&P/ASX 200. According to the recently published SPIVA Australia Mid-Year 2023 Scorecard, 55% of Australian Equity General fund managers lagged the S&P/ASX 200 in the first half of 2023. Results for some fund categories…
- Categories Equities, Fixed Income
- Tags 2023, active management, Anu Ganti, Australia FA, Australian bonds, Australian equities, fixed income, global equities, S&P Australia Investment Grade Corporate Bond Index, S&P Developed Ex-Australia LargeMidCap, S&P/ASX 200, S&P/ASX Australian Fixed Interest 0+ Index, SPIVA, SPIVA Australia
- Categories
- Equities, Fixed Income
Innovating for Insurance: Charting a “Smarter” Path to the S&P 500
How can an index adjust to prevailing market conditions by design? Meet the S&P 500 IQ Index, a dynamic risk control index that uses intraday technology to rapidly respond to changing markets, increasing S&P 500 exposure when markets are stable and leaning into cash during times of volatility.
S&P U.S. Indices Mid-Year 2023: Analyzing Relative Returns to CRSP
Following a challenging 2022, H1 2023 hosted a recovery among U.S. equities: the S&P 500® (up 16.9%) posted its fourth-best first half since 1996, and there were gains across the market cap spectrum. But on a relative basis, and in contrast to longer horizons, the S&P Core U.S. Equity Indices lagged their CRSP counterparts in…
Innovating for Insurance: S&P 500 Duo Swift Index
How is intraday volatility rebalancing helping new multi-asset indices rapidly respond to changing markets? Look inside the S&P 500 Duo Swift Index, a diverse, multi-asset, risk-controlled index that is dynamic by design.
The Case for Timber
Timber is an essential resource and a genuine building block of human civilization. Its use in building construction and as a fuel source have made it integral to the functioning of our societies and world economy. On the flip side, our dependence on timber, combined with a lengthy regeneration time, means we are steadily using…
S&P U.S. Indices H1 2023: Analyzing Relative Returns to Russell
After a challenging year in 2022, the U.S. equity market saw a strong turnaround in the first half of 2023, with the S&P 500® up 17% since year-end 2022. Exhibit 1 shows that the rebound was also observed across the cap spectrum. Returns in the second quarter outperformed the first quarter after the market shook…
- Categories Equities
- Tags 2023, core, Fei Wang, growth, Index Construction, information technology, S&P 500, S&P 500 Growth, S&P 500 Value, S&P Core Indices, S&P Growth Indices, S&P MidCap 400, S&P SmallCap 600, S&P Style Indices, S&P Value Indices, Style, U.S. Equities, U.S. small caps, US FA, value
- Categories
- Equities
Getting to Know the Dow Jones U.S. Select Insurance Index
The global insurance market capitalization has grown significantly over the past three decades, growing from nearly USD 350 billion at the end of 1992 to USD 2.7 trillion as of H1 2023. This growth was accompanied by a shift in global leadership. For example, Exhibit 1 shows that European insurance companies made up a greater…
D-FENCE! Investigating Commodity Performance under a Defensive Fed
I love this time of year. August vacations are over, the kids are back in school and football season kicks off in the U.S. The Fed took its August “vacation” at the Jackson Hole Symposium, where Jerome Powell’s remarks singularly focused on price stability. Inflation has come down but “remains too high” and the Fed…
- Categories Commodities
- Tags 2023, commodities, Fed Funds Rate, inflation, S&P GSCI
- Categories
- Commodities
S&P 500 Low Volatility Index August 2023 Rebalance
The S&P 500® performed well from the last rebalance for the S&P 500 Low Volatility Index on May 19, 2023, through the most recent rebalance on Aug. 18, 2023. As Exhibit 1 shows, the S&P 500 was up 4.7% during this period versus a decline of 1.5% for the S&P 500 Low Volatility Index. This…
- Categories Factors
- Tags 2023, factors, Low Vol, low volatility, S&P 500 Low Volatility Index, sectors, smart beta, US FA
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- Factors
