Kevin Horan

Director, Fixed Income Indices
S&P Dow Jones Indices
Biography

Kevin Horan is Director, Fixed Income Indices at S&P Dow Jones Indices (S&P DJI), and is responsible for executing tactical and strategic actions focused on building the commercial success of fixed income indices. In coordination with the client coverage team, Kevin interfaces with clients and prospective clients in order to identify and communicate client-driven needs.

Kevin has almost 30 years of fixed income product knowledge in an indexing, marketing, sales, and trading capacity. Prior to joining S&P DJI, Kevin spent eighteen years at Merrill Lynch, most recently as director of Bank of America Merrill Lynch’s global bond indices. Kevin also worked for Salomon Brothers in its New York General Sales Division.

Kevin holds a master’s degree in finance from Fordham University, a Bachelor of Science degree from The Pennsylvania State University, and a Product Management Certificate from the UC Berkeley Center for Executive Education.

Author Archives: Kevin Horan

With all the News of Higher Interest Rates, Don’t Forget About Floating-Rate Debt

The story line for a number of years now has been the “search for yield” and how the recent low-interest-rate environment has been forcing investors down in credit or out the maturity curve in an effort to maintain income though adding risk. Now that interest rates have begun reversing the low-rate environment, fixed-coupon securities may Read more […]

A Quick Performance Check on U.S. Preferreds

There are only a couple weeks to go until the end of the year, and for a while now, the investing public has seen plenty of material supporting the benefits or risks of diversifying a portfolio through the use of preferred securities. This hybrid type product touts the benefits of high yields, steady income, and Read more […]

Alternative Index Choices for Canada

The ever-changing environment of business has led to significant changes in the index world.  As with any market, consumers or market participants require more options in order to operate in such a fast-paced environment.  For many years, Canadians have relied on a singular index provider to represent their market.  As the pressures of the current Read more […]

U.S. Yield Curve Moved by Europe

The U.S. Treasury yield curve, as represented by the S&P U.S. Treasury Bond Current Indices, ended June 14, 2017, tighter (lower in yield) than the previous day.  The importance of June 14 is that it was the day on which the U.S. Federal Reserve raised the target rate by 25 bps, from 1% to 1.25%.  The following Read more […]

Canadian Update

Canada’s economy has been accelerating due to increased consumer spending and a rebound in business investment.  Consumer spending driven by vehicle purchases and real estate investment has lifted the economy, along with improved business investment.  The economy and its growth trend now appear to be on a more secure path.  As of May 31, 2017, Read more […]

Under Armour Falters, but Consumer Discretionary Stays Positive

The sports apparel and footwear company Under Armour recently experienced a highly publicized loss of stock value, based on a couple of missteps.  The first misstep was falling short of Wall Street’s earning expectations, which caused multiple brokerage firms to downgrade their stock recommendations.  The second was inaccurate forecasting of the company’s revenue; it only Read more […]

S&P U.S. High Quality Preferred Stock Index: A Venn of an Index

Similar to the Venn diagram in which the overlapping section of circles is the focus, the S&P U.S. High Quality Preferred Stock Index is designed to measure preferred securities that are constituents of both the fixed-rate and investment-grade preferred stock indices. Exhibit 1: S&P U.S. Preferred Stock Indices Hierarchy The weight of cumulative preferred stocks Read more […]

Indexing 101: S&P Canada Aggregate Bond Index

The S&P Canada Aggregate Bond Index offers an investable way to participate in a broad index that is designed to measure the performance of the Canadian market.  The index is made up of the following fixed income product groups (see Exhibit 1). Exhibit 1: S&P Canada Aggregate Bond Index and its Subindices The S&P Canada Read more […]

Master Class Prep: The Transparency of Canadian Indices

In anticipation of S&P Dow Jones Indices’ ETF Masterclass for Canadian Advisors on June 23, 2016: A Bright Future for Financial Advisory, it helps to revisit some of the company’s involvement in the country.  Our firm has always been committed to Canada, with an office on King Street West, and the company has always shown Read more […]

Eurozone Corporates Gets an ECB Kickstart

The impact of the ECB announcement on March 10, 2016, continues to play out in the bond markets.  The governing council decided to establish a new program (the Corporate Sector Purchase Program, or CSPP), which will purchase investment-grade, euro-denominated bonds issued by non-bank corporations established in the eurozone.  The goal of the action is to Read more […]