Tim Edwards
Managing Director, Index Investment Strategy, S&P Dow Jones Indices
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Managing Director, Index Investment Strategy, S&P Dow Jones Indices
Tim Edwards is Managing Director and Global Head of Index Investment Strategy at S&P Dow Jones Indices (S&P DJI). The group provides research and commentary on S&P DJI’s entire product set, including U.S. and global equities, commodities, fixed income, and economic indices.
Prior to joining S&P DJI in 2013, Tim worked for Barclays Capital, initially within fund-linked derivatives and subsequently in exchange-traded products and index-linked derivatives. Prior to that, he worked at the Royal Institution of Great Britain.
Tim holds a Ph.D. in pure mathematics from University College London.
The S&P 500® recently entered a “correction,” a term used when the price index falls by more than 10% from its highs. It may yet decline further, the fact of which might tempt market participants to delay equity purchases until, say, the index has declined by 20%—which would define the start of a “bear market.”…
Since the 2010s, the dynamics of large-cap U.S. equity risks have shifted. Fifteen years ago, the market was dominated by cycles alternating between risk-taking and risk aversion, often referred to as a “risk-on/risk-off” dynamic. A key feature of this period was the higher correlation between stock and sector performance, especially during market downturns. Exhibit 1…
For over 30 years, market participants have used the Cboe Volatility Index (VIX®) to gauge expectations for future volatility and measure short-term market sentiment. Today, VIX is a world-renowned measure that was linked to over USD 1 trillion in listed trading activity in 2023. However, it does not encompass all the risks in U.S. equities,…
After global equity and bond markets soared in 2023, this year began on somewhat rockier ground. Valuations were more stretched, dispersion was rising and roughly half of the world’s population was facing uncertain election results. Many concluded that, among other predictions, active management was set to shine in 2024. The performance of actively managed funds…
The tale of a footrace between a determined tortoise and a swift but ultimately complacent hare has been with us for a long time. The earliest known version is two and a half thousand years old; it begins with the hare mocking the tortoise’s slow feet, which leads to a challenge and a contest, and…