Maria Sanchez

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

Maria Sánchez is Associate Director, Global Research & Design, at S&P Dow Jones Indices. Maria joined the team in September 2015 and focuses primarily on Latin America.

Prior to joining S&P Dow Jones Indices, Maria was a portfolio manager and trader of insurance and private pension fund mandates with HSBC Global Asset Management Mexico, developing ad-hoc investment strategies for their portfolios that focused on capital preservation and portfolio immunization within investment philosophy. She was also involved in the benchmark construction process for new clients.

Maria also held various roles at ING Bank Mexico, including structured product management, market risk management, and money market management.

Author Archives: Maria Sanchez

Multi-Factor Strategy in Mexico: The S&P/BMV IPC Quality, Value & Growth Index

Passive use of factor strategies began with growth and value style investing. S&P Dow Jones Indices now offers single- and multi-factor indices that provide exposure to growth, quality, value, momentum, size, yield, and low volatility factors. Factors perform differently depending on market conditions, economic cycles, or investor sentiment. Timing factors can be difficult. Many market Read more […]

The S&P/B3 High Beta Index – An Unlevered Framework for Bullish Tactics

Since the beginning of 2019, the Brazilian stock market has been in bullish territory, generating double-digit gains in January alone (10.59% in local currency and 17.71% in U.S. dollars).[1] Market participants are calling for a strategy to help them take advantage of the current favorable view on Brazilian equities. The S&P/B3 High Beta Index may Read more […]

A Look at the Investability and Replicability of the S&P/BMV IPC

In a prior blog, Getting to Know the S&P/BMV IPC – An Iconic Representation of the Mexican Equity Market, we examined the evolution of the S&P/BMV IPC and tracked its role from being a financial market indicator to serving as the basis for index-linked liquid investment products. In this blog post, we look at the Read more […]

Getting to Know the S&P/BMV IPC – An Iconic Representation of the Mexican Equity Market

2018 marks the 40th anniversary of the S&P/BMV IPC, launched on Oct. 30, 1978, as part of the Mexican market revolution. Honoring that milestone, we revisited the evolution of the index that has since become an icon of the Mexican equity market.[1] As of Dec. 31, 2017, Mexico had 141 listed domestic companies, with a Read more […]

A Look at Mexican Industries and the Potential Impact of the USMCA

After more than a year of negotiations, the United States-Canada-Mexico Agreement (USMCA) is scheduled to be signed on Nov. 30 2018, at the G20 Summit in Argentina. The deal represents the new trade agreement between the former North American Free Trade Agreement (NAFTA) countries. Market participants who want to gain more insight into the potential Read more […]

Understanding the Asset Class Risk Contribution of the S&P/BMV Mexico Target Risk Indices

The S&P/BMV Mexico Target Risk Index Series comprises four multi-asset class indices that are designed to serve as benchmarks for the Mexican pension system based on the risk tolerance levels of plan participants. Generally, younger individuals with longer time horizons until retirement will have greater risk tolerance and therefore higher exposure to risky assets such Read more […]

Does the S&P/BMV Mexico Target Risk Index Series Provide Inflation Protection?

As of Dec. 31, 2017, the year-over-year change in inflation for Mexico registered at 6.77%, a figure that raised concerns within the pension fund industry. One of the key risks facing retirees is the erosion of purchasing power of investment returns due to high inflation. Developing economies, such as Mexico, are more susceptible to rising Read more […]

Carbon Footprint Reporting in Mexico

At the most recent National AFORES convention, held jointly with FIAP International in Mexico City at the end of October 2017, Latin American institutional investors continued to show increasing interest in ESG-related topics and this was evident in the conference agenda.  In particular, the participants spoke about the following topics. Impact reporting: The ability to Read more […]

Managing Equity Risk in Brazil

Brazilian equity market experienced a significant pullback during the month of May due to political concerns.  The correction amounted to being the worst one-day drop since Dec. 30, 2009.  On May 18, 2017 alone, S&P Brazil BMI dropped 8.85%.  On the same day, the S&P/BOVESPA Low Volatility Index posted -5.72%, over 300 bps less than Read more […]