Kelly Tang is Director, Global Research & Design, at S&P Dow Jones Indices. Kelly is responsible for conceptualization, research, and design covering global strategy across different asset classes. Kelly publishes research papers related to capital markets and investment concepts geared for both retail and institutional channels.
Prior to joining S&P Dow Jones Indices in 2015, Kelly was a senior economics analyst at Bessemer Investment Management, reporting directly to the Chief Investment Officer. In addition to her work analyzing economic data trends and publishing reports for Bessemer’s client account managers, she also specialized as a commodities analyst for the firm’s Real Return Commodities Fund and a mid-cap financials analyst. Prior to Bessemer, Kelly worked on the sell-side at Sanford C. Bernstein & Co. covering brokerage stocks and in Goldman Sachs Asset Management investment management services division.
Kelly serves as Adjunct Professor at Fordham University’s Gabelli School of Business. In addition to undergraduate and graduate courses on portfolio management, Kelly teaches “Cases in Investor Relations,” a graduate course she designed. Kelly is a CFA Charterholder, a member of the New York Society of Security Analysts (NYSSA), and the CFA Institute. Kelly has a bachelor’s degree in history from Stanford University and a master’s in business administration from Harvard University.2018 certainly proved to be a turbulent period for equities, and the market was especially volatile in the fourth quarter, effectively wiping away all the gains that the S&P 500® had generated in the first three quarters of the year. Overall, the S&P 500 returned -4.38% in 2018. Despite landing in negative territory, the S&P Read more […]
One of the most salient themes in this year’s 29th Annual SRI Conference was intentionality. The topic of intentionality has jumped to prominence in ESG discussions—particularly in regard to ESG ratings for mutual funds—and understanding what it means is important for ESG market participants. In ESG terms, intentionality aims to evaluate whether a given fund Read more […]
In a prior blog, we highlighted that the recent Responsible Investor Europe Conference 2018 gave attendees the sense of a coming of age in the environmental, social, and governance (ESG) movement that could potentially portend a future filled with a greater sense of urgency and call for action in the sustainability world. As noted previously, Read more […]
The 11th annual Responsible Investor (RI) Europe Conference, held June 5-6, 2018, showed a marked departure in ESG themes and focus from previous years. Compared with prior sessions, there was a strong shift and a coming of age in the ESG movement. For example, the title for the keynote plenary of the RI 2018 Conference Read more […]
In late April 2018, the Department of Labor’s (DOL) Office of Regulations and Interpretations issued the Field Assistance Bulletin No. 2018-01, clarifying guidance on how investment managers should interpret the DOL’s prior Interpretive Bulletins (IBs) issued in 2015 and 2016. Issued during the Obama administration, the IBs detail the exercise of shareholder rights, written statements Read more […]
In a prior blog series,[1] we explored the relationship between environmental (E), social (S), and governance (G) scores and future stock performance. In all three cases, the results showed that top quintile portfolios outperformed the bottom quintile portfolios. However, a deeper analysis revealed that the spread between Q1 and Q5 portfolios was the highest for Read more […]
In a previous blog, we explored the relationship between corporate governance and stock performance. The results show a wide variance between the top quintile and the bottom quintile, particularly over a long-term horizon (17 years). We applied the same analysis to the RobecoSAM environment (E) and social (S) scores. To do so, we formed hypothetical, Read more […]
Year-to-date, Facebook (FB) was down 7.13% as of April 12, 2018, compared to its 53% total return in 2017. What started as a data breach issue has expanded to encompass management structure, procedures, and safeguard concerns—issues that are all related to corporate governance. Market participants have a tendency to only care about corporate governance when Read more […]
The discussions on the merits of carbon awareness investing are evolving, and in a previous blog, we discussed how investors are interested in progressing from the current data-driven carbon emission framework to a risk-analysis-driven, two-degree pathway paradigm. The shift has been largely spurred by the Financial Stability Board (FSB) and recommendations from its Task Force Read more […]
There is increasing evidence of the link between ESG and financial outperformance as better data quality, standardized data, longer data history, and heightened interest in assessing the materiality of ESG drives continued research. However, there is already substantial empirical evidence to suggest that the “G” aspect of ESG ultimately yields better corporate returns. Governance data, Read more […]