Tag Archives: emerging markets
S&P TIP Global AllCap Index: A New Tool for Tracking Diversification and Limiting Concentration Risk in Global Equities
How does an index framework built with diverse constituents from 48 global markets help address concentration concerns in an efficient, simplified way?
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Regimes, Reversals and Risk
The S&P 500® gained 15% in Q2 2026, posting its best quarter since Q2 2020. The steady drumbeat of AI-related enthusiasm propelled the market upward despite numerous obstacles, including the war with Iran, rising inflation and fears of Fed rate hikes. However, the start of Q3 has been rocky, with a sharp sell-off in chipmakers,…
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The Peruvian Stock Market: Insights on Performance and Benchmarking
S&P Latin American equities have done well in 2025, with Peruvian equities demonstrating strong performance even beyond this year (see Exhibit 1). The S&P Peru Select 20% Capped Index had an annualized performance of 15.3% when back-tested over the past decade, outperforming many regional equity markets. Despite higher volatility, its risk-adjusted performance was strong. Political…
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The Evolution of the S&P/BMV IPC Ecosystem
Since its inception in 1978, the S&P/BMV IPC has served as Mexico’s flagship equity index, tracking the performance of the 35 largest and most liquid stocks listed on the Bolsa Mexicana de Valores (BMV). Over the decades, the index has become a cornerstone of the Mexican financial market, and the ecosystem surrounding it has grown…
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Navigating Brazil’s Currency Volatility with USD Credit
Brazil’s fixed income market is one of the deepest in emerging markets, with an outstanding government debt of over BRL 8 trillion (roughly 75% of GDP) and a corporate bond market dominated by floating-rate instruments tied to the interbank deposit certificate (CDI). Domestic market participants are accustomed to high nominal yields; local treasury bills linked…
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Salsa, Cumbia, Bossa Nova: Global Markets Dancing to Latin Rhythms
This year, Latin America has been the loudest music in the stock market disco. As Exhibit 1 shows, the S&P Latin America BMI (up 24.7%YTD) has outperformed other regions for most of the year. Notably, the S&P Latin America BMI is bouncing back from being the worst-performing region last year, when it closed down 24.4%….
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Navigating the Global Index Landscape amid Tariff Volatility
In an environment of rapidly evolving trade conditions, understanding the nuances of index performance across countries is essential. As trade policies fluctuate and central banks carefully evaluate the economic outlook, the repercussions for markets and global commerce may be significant. Reflecting on the past couple of years, it is noteworthy that the 12-month total return…
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Do Active Funds Outperform in Less-Efficient Markets?
Active managers sometimes tout their ability to select stocks in markets that are considered less informationally efficient and those that offer larger rewards to successful stock pickers. Smaller companies and those in emerging markets are typically presented as examples. What are the grounds for debate, and what do over 20 years of SPIVA® Scorecards tell…
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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…
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2024, Active vs. Passive, Anu Ganti, core, 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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- 2024, Active vs. Passive, Anu Ganti, core, 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
The S&P/BMV IPC during Each Presidential Administration in Mexico
On Oct. 1, 2024, a new presidential administration took office in Mexico amid a series of constitutional reforms and a new political landscape. Political change can create uncertainty, so it is useful to analyze past periods to identify trends and gain insights on the effects of similar events. How did the S&P/BMV IPC and the…
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