Tag Archives: 2024
Shifting Equity Sensitivities with S&P 500 Sectors
Broad-based benchmarks such as the S&P 500® and S&P SmallCap 600® demonstrated an upbeat response to the U.S. presidential election, rising 6% and 11%, respectively, in November 2024. The spread in U.S. size segments was more muted relative to S&P 500 sectors. Exhibit 1 presents the November 2024 cumulative total return of the S&P 500…
- Categories Equities, S&P 500 & DJIA
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The Global Equity Landscape: Struggles and Surprises in 2024
U.S. equity markets enjoyed a great year in 2024, but the returns in many developed equity markets were found wanting in relative terms and, in many cases, absolute terms as well. With just a few trading days left in 2024, the S&P Developed BMI has gained 22% YTD as of Dec. 13, 2024, with all…
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Diversifying Exceptionalism
Despite recent sharp U.S. market declines after the Federal Reserve signaled fewer than expected rate cuts, much of recent year-end market commentary has been focused on U.S. exceptionalism and the divergence of U.S. equities compared to the rest of the world. The S&P 500® was up 24.8% YTD through Dec. 18, 2024, reaching 57 all-time…
- Categories Equities, S&P 500 & DJIA
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Rebalance Review of the S&P Global Clean Energy Index – H2 2024
Launched in 2007, the S&P Global Clean Energy Index has been a headline benchmark for measuring clean energy-related companies’ performance over the past 16 years. In April 2021, we launched the S&P Global Clean Energy Select Index to measure the 30 largest companies in global clean energy businesses listed on developed market exchanges. Both indices…
- Categories Sustainability, Thematics
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Equity Exuberance and Fixed Income Foreshadowing
In the immediate aftermath of the 2024 presidential election, U.S. equities soared on Wednesday, November 6, with the S&P 500® up 3%, while small caps surged even higher, with the S&P SmallCap 600® up a substantial 6%. Subsequently, on Thursday, November 7, the much-anticipated Fed rate cut of 25 bps came to fruition. With two…
- Categories Equities, Fixed Income
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Under the Hood of U.S. Equities: Perspectives on Size, Sectors and Style
Large-cap, growth and tech-oriented companies have led U.S. equity market performance so far in 2024. Investors’ optimism for the application of artificial intelligence on these companies’ growth prospects propelled the S&P 500® Top 50, S&P 500 Information Technology, S&P 500 Communication Services and S&P 500 Growth to more than 20% year-to-date gains through the end…
- Categories Equities, Factors, S&P 500 & DJIA
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Clash of Titans: Diverging Global and Emerging Market Mid-Year Active Performance
Much of recent market commentary has been focused on market concentration concerns,1 thanks to the dominance of mega-cap stocks in the U.S., with the S&P 500® Top 50 outperforming the S&P 500 by 5% for the 12 months ending in September 2024. But as we’ve noted in our inaugural SPIVA® Global Mid-Year 2024 Scorecard, concentration…
- Categories Equities
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Active vs. Passive, Anu Ganti, core, emerging markets, Global equity, IIS, institutional investor, passive investing, S&P 500 Top 50, S&P China BMI, S&P Developed BMI, S&P Emerging BMI, S&P Emerging ex-China BMI, S&P World Ex-U.S. Index, S&P World Index, S&P/IFCI Composite, SPIVA, topposts2024, U.S. Equity, US FA
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- Active vs. Passive, Anu Ganti, core, emerging markets, Global equity, IIS, institutional investor, passive investing, S&P 500 Top 50, S&P China BMI, S&P Developed BMI, S&P Emerging BMI, S&P Emerging ex-China BMI, S&P World Ex-U.S. Index, S&P World Index, S&P/IFCI Composite, SPIVA, topposts2024, U.S. Equity, US FA
Creative Cacophony
The ETF industry has hit a major milestone, reaching USD $10 trillion in assets under management in the U.S. Commentary on the rise of index-based or passive investing may be widespread, but it is harder to find estimates of how truly “passive” their holders are. Secondary market volumes offer a fascinating, important and complementary perspective….
- Categories Equities, S&P 500 & DJIA
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- Equities, S&P 500 & DJIA
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GICS’ Silver Jubilee
The Global Industry Classification System (GICS®) celebrated its 25th birthday in August 2024. Jointly maintained by S&P Dow Jones Indices (S&P DJI) and MSCI, GICS offers a common way to talk about market segments and their respective performances. GICS primarily uses revenues to group companies according to their principal business activities, with earnings and market…
- Categories Equities
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- Equities
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Celebrating 10 Years of the S&P 500 Quality Index
Launched on July 8, 2014, the S&P 500® Quality Index established a framework for identifying high quality companies within the S&P 500. Today, it celebrates a decade of existence as one of the most prominent indices within our factor family. Over the past decade, quality has emerged as a mainstream factor, with significant growth in…
- Categories Factors
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- Factors
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