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Anu Ganti

Head of U.S. Index Investment Strategy, S&P Dow Jones Indices

Anu R. Ganti is Senior Director and Head of U.S. Index Investment Strategy at S&P Dow Jones Indices (S&P DJI). The index investment strategy team provides research and commentary on the entire S&P DJI product set, including U.S. and global equities, thematics, commodities, fixed income and sustainability indices. She is also a frequent contributor to both print and broadcast media outlets.
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Feb 9, 2026

Tech Tantrums

The past week has been turbulent for Big Tech, with disappointing reactions to earnings from Microsoft, Amazon and Alphabet, while Apple and Meta emerged relatively unscathed after announcing their results. Concerns about growing capital expenditures on AI1 among these giants have led to renewed bubble fears among market participants. In an environment characterized by such…

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Jan 13, 2026

2026 Is the Year of the Stock Picker?

Recent market commentary has declared that 2025 was a brutal year for stock picking, with USD 1 trillion pulled out of active equity mutual funds during the year, according to the Investment Company Institute. The year was characterized by sharp double-digit swings for the S&P 500®, and in such environments filled with bouts of volatility,…

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Dec 18, 2025

Cautioning the Clairvoyant

December is typically when we hear Wall Street strategists announce their forecasts for the S&P 500® for the year ahead, and this year has been no exception: 2026 forecasts have ranged from a relatively bearish 7,100 from Bank of America to a bullish 8,000 from Deutsche Bank. But how accurate have these forecasts been in…

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Nov 13, 2025

Animal Spirits or Anxiety?

Big Tech and the strength of the Magnificent 7 stocks have powered the S&P 500® to 36 all-time closing highs through the end of October. Amid the euphoria, nervousness about the AI boom1 has sent jitters through the market, most recently with SoftBank’s sale of its stake in Nvidia. The extreme level of mega-cap dominance…

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Oct 29, 2025

Diversification across Durations

The S&P 500® surged to a third all-time closing high on Oct. 28, 2025, up 18% YTD. But the ride for U.S. equity investors has not always been a smooth one, with the index recouping sharp losses from earlier in the month on renewed tariff-related concerns and regional bank losses, coupled with AI bubble1 jitters…

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Sep 30, 2025

Skewing Success

The results from our SPIVA® U.S. Mid-Year 2025 Scorecard demonstrate a relatively better start to the year for active managers, with 54% of U.S. large-cap funds underperforming the S&P 500®, slightly better than the 65% reported in 2024. However, Exhibit 1 shows that over the more than 24-year history of our SPIVA U.S. Scorecard, majority…

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Sep 10, 2025

Indicization Nation

To indicize means to provide, in passive form, a strategy formerly available only via active management. Until the early 1970s, there were no index funds; all assets were managed actively. The shift of assets from active to passive management is one of the most important trends in modern financial history. Our recent Annual Survey of…

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Jul 15, 2025

Tech Tonics

U.S. equities have staged a remarkable recovery in the past few months, shrugging off inflation concerns, trade tensions and geopolitical risks, all of which has culminated in multiple all-time highs. Meanwhile, the significant outperformance of the momentum factor, or the continued strength of winning stocks, coupled with the dominance of a few mega-cap companies, especially…

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Jun 26, 2025

Seeking Quality within Quality

Despite emerging geopolitical tensions, U.S. equities have staged a dramatic comeback over the past quarter, with the S&P 500® up 9% QTD through June 25, 2025, fueled by robust corporate earnings from Big Tech. Meanwhile, with the impending Russell reconstitution,1 the market’s mind has shifted toward smaller caps, which have had a more challenging time, with…

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May 16, 2025

A Tale of Two Markets

After the volatility witnessed in early April, U.S. equities have staged a remarkable recovery over the past couple of weeks, with the S&P 500® up 1% YTD through May 15, 2025, reversing its 15% YTD decline through April 8, 2025. Thanks to optimism surrounding easing tariff tensions and strong Big Tech earnings, mega caps have…

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