Hamish Preston

Associate Director, Global Research & Design
S&P Dow Jones Indices
Biography

Hamish Preston is Associate Director, Global Research & Design, at S&P Dow Jones Indices (S&P DJI). Hamish is responsible for conceptualization, research and design covering global strategy, factor-based, alternative beta, and thematic equity indices. He is also a frequent contributor to financial media outlets.

Prior to joining Global Research & Design, Hamish worked in Index Investment Strategy at S&P DJI, where he provided research and commentary on the entire S&P DJI product set, including U.S. and global equities, commodities, fixed income, and economic indices.

Hamish holds a bachelor’s degree in economics from the London School of Economics and graduated with distinction from the University of Birmingham with a master’s degree in financial economics. Hamish has also passed CFA Exam Level II.

Author Archives: Hamish Preston

What is VIX Predicting about Future Volatility?

VIX® closed last night at 11.33.  What, if anything, does that mean? We recently published a research paper, together with a more digestible practitioner’s guide, that provides a method for converting a given VIX level into an expectation for S&P 500® volatility over the next 30 days.  Exhibit 1 shows that these estimates have provided Read more […]

Support or Resistance for Europe?

Subscribers to our European dashboard will know that October was a broadly positive month for the region’s equity markets; the S&P Europe 350 posted a 1.66% total return, while nearly every equity strategy in the region gained.  Additionally, the S&P Europe 350’s closing price level of 1,600 for October brought the benchmark to within touching Read more […]

When Market Timing Is Unusually Pointless

Among the many themes to have emerged in U.S. markets during the first six months of 2017, low volatility in equities and changes in the global interest rate environment—some realized and some anticipated—were particularly important drivers.  In a similar vein to our summary on Europe, here are some thoughts on these trends. The potential rewards Read more […]

Mightier than Le Pen

We publish a series of dashboards at the end of each month to summarize market performance in a number of regions. These dashboards include monthly reports on Risk and Volatility, as well as Factor Dashboards for the U.S. and for Europe on a quarterly basis. With June behind us, a half-yearly summary is in order. Read more […]

Rising Rates and Inflation: Implications for Equities

Even a cursory glance at financial markets indicates that market participants are expecting some form of interest rate increase in the near future—there has been a sell-off in the 10-Year U.S. Treasury Bond market, and certain sectors that are expected to benefit from such a rate increase have gained.  For instance, the S&P 500 Financials Read more […]