Get Indexology® Blog updates via email.


CONTRIBUTOR
Contributor Image
benedek_voros

Benedek Vörös

Director, Index Investment Strategy, S&P Dow Jones Indices

Benedek Vörös is Director, 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, commodities, fixed income, and economic indices.
Full Bio
Dec 16, 2025

Rallies, Records and Relentless Restlessness: A Tale of Markets in 2025

As 2025 draws to a close, U.S. large caps boast impressive gains: after a rocky start that saw a 19% drawdown, the S&P 500® is up 18% including dividends, as of Dec. 12, significantly above its annualized total return of 10.8% since inception in 1957. The U.S. bellwether also recorded 37 all-time highs this year….

READ

Dec 19, 2024

The Global Equity Landscape: Struggles and Surprises in 2024

U.S. equity markets enjoyed a great year in 2024, but the returns in many developed equity markets were found wanting in relative terms and, in many cases, absolute terms as well. With just a few trading days left in 2024, the S&P Developed BMI has gained 22% YTD as of Dec. 13, 2024, with all…

READ

Dec 6, 2023

Who’s Naughty and Nice

At this time of year, my 9 year old excitedly polishes his boots so that, according to Hungarian tradition, Santa can fill them with sweets and toys during the night between December 5 and 6 (yes, he does arrive a few weeks early in Central Europe). Just like in years past, I am sure he…

READ

Mar 27, 2023

A Year of Two Halves for Australian Large-Cap Equity Managers

The first half of 2022 brought steep and broad-based losses for Australian equity indices of all stripes. On a relative basis, however, active Australian Equity General funds had a decent start to 2022; as our SPIVA® Australia Mid-Year 2022 Scorecard reported, a (slim) majority of active managers in this category outperformed the S&P/ASX 200. Unfortunately…

READ

Jan 26, 2023

Building a Passive Bridge across the Pond

At over 300 years old, the British government bond and stock markets are among the world’s oldest. They are also among the largest globally; ranked by float-adjusted market capitalization, the U.K. gilt market and U.K. stock market are the fourth and third biggest, respectively. The British investment industry has existed for centuries, with the country’s…

READ

Sep 6, 2022

Tucking in to the SPIVA Australia Mid-Year 2022 Scorecard

The semiannual S&P Indices Versus Active (SPIVA®) Scorecard1 measures the performance of actively managed funds against their corresponding benchmarks in various markets around the world. The latest Australian edition, the SPIVA Australia Mid-Year 2022 Scorecard, provides a number of interesting insights about the performance of active versus passive across active fund categories. Although the long-term…

READ

Jun 9, 2022

Looking for Income – The Case for Dividends

For decades, traditional wisdom held that U.S. investors seeking stable income should turn to bonds. However, after more than a third of a century of declining yields, the current market environment may require a less traditional approach. Until recently, U.S. Treasuries have been a vehicle of choice for income-seeking investors: they provide a fixed stream…

READ

May 3, 2022

Results from the SPIVA India Year-End 2021 Scorecard

The S&P Indices Versus Active (SPIVA®) Scorecard,1 published semiannually, measures the performance of actively managed funds against their corresponding benchmarks. The latest SPIVA India report provides a number of interesting insights about the performance of active versus passive across active fund categories. 1. Long-Term Outperformance of Active Funds Was Difficult Indian bond funds had a…

READ

Mar 8, 2022

No Easy Answer: Sector and Factor Responses to U.S. Rate Hikes

Although higher rates are generally seen as negative for risk assets, the initial stages of a monetary tightening cycle have not been disastrous for the U.S. stock market historically. However, while the overall market may muddle through just fine, the same may not be true for the different sectors and factors that compose a broad…

READ

Feb 28, 2022

The S&P 500 in the Years of Rate Hikes

Overnight rates in the U.S. are one of two major levers that the Federal Open Market Committee (FOMC) can pull to change the course of inflation and employment, the other being quantitative easing. At present, the market expects the Fed to move both levers in the near future: hiking rates and starting to wind down…

READ


Get Indexology® Blog updates via email.

Indexology® Blog
Contributors

SEE ALL