Tag Archives: emerging markets

Most Major Islamic Indices Have Outperformed Conventional Benchmarks in 2016

Most S&P Dow Jones Indices Shariah-compliant benchmarks outperformed their conventional counterparts through the end of September 2016, with financials—which is largely absent from Islamic indices—significantly underperforming and information technology—which tends to be overweight in Islamic indices—performing well (see Exhibit 1). The S&P Global BMI Shariah and Dow Jones Islamic Market World Index each gained 6.4% Read more […]

Asian Fixed Income: Southeast Asian Bond Markets

2015 was a difficult year for emerging markets, as investors reduced their exposure to emerging markets and some shifted to developed markets. With concerns about a growth slowdown, a strong U.S. dollar, and the plunge in oil prices continuing to linger, some investors have remained cautious about allocating their exposure to emerging markets. Looking specifically Read more […]

SPIVA® Europe Scorecard 2014: How did active funds perform versus their benchmarks?

Published every six months, the SPIVA Europe Scorecard aims to measure the performance of active funds against their corresponding benchmarks.  The results for the Year-End 2014 Scorecard are now in, and they reveal few surprises. Euro-Denominated Funds In spite of a slight improvement in the last quarter of the year, growth in Europe for the Read more […]

The Empowering Ability to be Selective in Emerging Markets

With a recent webinar on China, an ETF.COM article titled “Global Investors Plan To Shun Emerging Markets” caught my eye.  The article, written by Rachael Ravesz, noted that 29% of the 4,208 investors surveyed by asset manager Legg Mason planned to move money from Emerging Markets into Developed Markets.  The article shared a few reasons Read more […]

These Assets Mix With Oil Like Water

While many assets have some relationship with oil, there are varying degrees of correlation and even a few surprises. For example, Canadian equities are more correlated with oil than are the emerging markets and the US equities; Australian equities are barely correlated with oil, and China who is not nearly as big a producer as a consumer is moderately Read more […]

Does active management work in Europe?

Academic arguments may well have “proven” the theoretical advantages of passive investing.  But theory is nothing without experiment; a comprehensive and impartial assessment of where and when active managers have delivered the promised “alpha” – or not – is a necessary and critical component of the debate. Our S&P Index Versus Active scorecard and associated Read more […]

Emerging Markets: Don’t Panic!

Currencies and equities across various countries classified as “emerging” have come under increased scrutiny in the past few weeks, with more excitable commentators seeing signs of a crisis. Should broad-based index followers be worried? Perhaps not. On the one hand, the tapering of U.S. quantitative easing has triggered flights of “hot money” from countries (like Turkey) that Read more […]

Emerging Markets, the Dollar and the Fed

The talk that QE 1-2-3 may end sparked predictions that the U.S. dollar’s FX value will rise in 2014 and that this will, in turn, hurt emerging markets.  There are risks in emerging markets, as there are in all markets, but the risks stemming from the expected end of QE 1-2-3 seem to be overblown.  While Read more […]

If it ain’t broke, don’t VIX it

Within the last week, we’ve read about threats of another war in the Middle East, collapsing currencies across emerging markets, imminent rumblings of yet another Greek bailout.  As of this writing, there is one day left until the Fed’s much anticipated pronouncement on the “end” of QE.  Talk abounds of September being the worst month Read more […]

A Conventional Down Month

Whenever you want to argue that rising interest rates are bad for the stock market, count June 2013 as a point in your favor.  The long end of the US Treasury yield curve notched a -4.07% decline in June (following May’s -6.71% tumble), as rates on the S&P/BGCantor 20+ Year US Treasury Index rose by 66 Read more […]