[{"display":"Craig Lazzara","title":"Managing Director, Core Product Management","image":"\/wp-content\/authors\/craig_lazzara-353.jpg","url":"https:\/\/www.indexologyblog.com\/author\/craig_lazzara\/"},{"display":"Fei Mei Chan","title":"Director, Core Product Management","image":"\/wp-content\/authors\/feimei_chan-214.jpg","url":"https:\/\/www.indexologyblog.com\/author\/feimei_chan\/"},{"display":"Tim Edwards","title":"Managing Director, Index Investment Strategy","image":"\/wp-content\/authors\/timothy_edwards-368.jpg","url":"https:\/\/www.indexologyblog.com\/author\/timothy_edwards\/"},{"display":"Hamish Preston","title":"Director, U.S. Equity Indices","image":"\/wp-content\/authors\/hamish_preston-436.jpg","url":"https:\/\/www.indexologyblog.com\/author\/hamish_preston\/"},{"display":"Berlinda Liu","title":"Director, Multi-Asset Indices","image":"\/wp-content\/authors\/berlinda_liu-191.jpg","url":"https:\/\/www.indexologyblog.com\/author\/berlinda_liu\/"},{"display":"Fiona Boal","title":"Head of Commodities and Real Assets","image":"\/wp-content\/authors\/fiona_boal-317.jpg","url":"https:\/\/www.indexologyblog.com\/author\/fiona_boal\/"},{"display":"Anu Ganti","title":"Senior Director, Index Investment Strategy","image":"\/wp-content\/authors\/anu_ganti-349.jpg","url":"https:\/\/www.indexologyblog.com\/author\/anu_ganti\/"},{"display":"Jim Wiederhold","title":"Director, Commodities and Real Assets","image":"\/wp-content\/authors\/jim.wiederhold-380.jpg","url":"https:\/\/www.indexologyblog.com\/author\/jim-wiederhold\/"},{"display":"Koel Ghosh","title":"Head of South Asia","image":"\/wp-content\/authors\/koel_gosh-372.jpeg","url":"https:\/\/www.indexologyblog.com\/author\/koel_gosh\/"},{"display":"Phillip Brzenk","title":"Head of Multi-Asset Indices","image":"\/wp-content\/authors\/phillip_brzenk-325.jpg","url":"https:\/\/www.indexologyblog.com\/author\/phillip_brzenk\/"},{"display":"Philip Murphy","title":"Managing Director, Global Head of Index Governance","image":"\/wp-content\/authors\/philip_murphy-201.jpg","url":"https:\/\/www.indexologyblog.com\/author\/philip_murphy\/"},{"display":"Aye Soe","title":"Managing Director, Global Head of Core and Multi-Asset Product Management","image":"\/wp-content\/authors\/aye_soe-350.jpg","url":"https:\/\/www.indexologyblog.com\/author\/aye_soe\/"},{"display":"Howard Silverblatt","title":"Senior Index Analyst, Product Management","image":"\/wp-content\/authors\/howard_silverblatt-197.jpg","url":"https:\/\/www.indexologyblog.com\/author\/howard_silverblatt\/"},{"display":"Michael Orzano","title":"Senior Director, Global Equity Indices","image":"\/wp-content\/authors\/Mike.Orzano-231.jpg","url":"https:\/\/www.indexologyblog.com\/author\/mike-orzano\/"},{"display":"John Welling","title":"Director, Global Equity Indices","image":"\/wp-content\/authors\/john_welling-246.jpg","url":"https:\/\/www.indexologyblog.com\/author\/john_welling\/"},{"display":"Maria Sanchez","title":"Director, ESG Index Product Strategy, Latin America","image":"\/wp-content\/authors\/maria_sanchez-243.jpg","url":"https:\/\/www.indexologyblog.com\/author\/maria_sanchez\/"},{"display":"Wenli Bill Hao","title":"Senior Lead, Strategy Indices","image":"\/wp-content\/authors\/bill_hao-351.jpg","url":"https:\/\/www.indexologyblog.com\/author\/bill_hao\/"},{"display":"Reid Steadman","title":"Managing Director, Global Head of ESG & Innovation","image":"\/wp-content\/authors\/reid_steadman-328.jpg","url":"https:\/\/www.indexologyblog.com\/author\/reid_steadman\/"},{"display":"Shaun Wurzbach","title":"Managing Director, Head of Commercial Group (North America)","image":"\/wp-content\/authors\/shaun_wurzbach-200.jpg","url":"https:\/\/www.indexologyblog.com\/author\/shaun_wurzbach\/"},{"display":"Ved Malla","title":"Associate Director, Client Coverage","image":"\/wp-content\/authors\/ved_malla-347.jpg","url":"https:\/\/www.indexologyblog.com\/author\/ved_malla\/"},{"display":"Silvia Kitchener","title":"Director, Global Equity Indices, Latin America","image":"\/wp-content\/authors\/silvia_kitchener-271.jpg","url":"https:\/\/www.indexologyblog.com\/author\/silvia_kitchener\/"},{"display":"Akash Jain","title":"Director, Global Research & Design","image":"\/wp-content\/authors\/akash_jain-348.jpg","url":"https:\/\/www.indexologyblog.com\/author\/akash_jain\/"},{"display":"Jaime Merino","title":"Director, Asset Owners Channel","image":"\/wp-content\/authors\/jaime_merino-384.jpg","url":"https:\/\/www.indexologyblog.com\/author\/jaime_merino\/"},{"display":"Rupert Watts","title":"Senior Director, Strategy Indices","image":"\/wp-content\/authors\/rupert_watts-366.jpg","url":"https:\/\/www.indexologyblog.com\/author\/rupert_watts\/"},{"display":"Jason Giordano","title":"Director, Fixed Income, Product Management","image":"\/wp-content\/authors\/jason_giordano-378.jpg","url":"https:\/\/www.indexologyblog.com\/author\/jason_giordano\/"},{"display":"Qing Li","title":"Director, Global Research & Design","image":"\/wp-content\/authors\/qing_li-190.jpg","url":"https:\/\/www.indexologyblog.com\/author\/qing_li\/"},{"display":"Ben Leale-Green","title":"Associate Director, Research & Design, ESG Indices","image":"\/wp-content\/authors\/ben_leale-green-342.jpg","url":"https:\/\/www.indexologyblog.com\/author\/ben_leale-green\/"},{"display":"Liyu Zeng","title":"Director, Global Research & Design","image":"\/wp-content\/authors\/liyu_zeng-252.png","url":"https:\/\/www.indexologyblog.com\/author\/liyu_zeng\/"},{"display":"Sharon Liebowitz","title":"Senior Director, Innovation & Strategy","image":"\/wp-content\/authors\/sharon_liebowitz-423.jpg","url":"https:\/\/www.indexologyblog.com\/author\/sharon_liebowitz\/"},{"display":"Priscilla Luk","title":"Managing Director, Global Research & Design, APAC","image":"\/wp-content\/authors\/priscilla_luk-228.jpg","url":"https:\/\/www.indexologyblog.com\/author\/priscilla_luk\/"},{"display":"Andrew Innes","title":"Head of EMEA, Global Research & Design","image":"\/wp-content\/authors\/andrew_innes-189.jpg","url":"https:\/\/www.indexologyblog.com\/author\/andrew_innes\/"},{"display":"Brian Luke","title":"Senior Director, Head of Fixed Income Indices - Americas","image":"\/wp-content\/authors\/brian.luke-344.png","url":"https:\/\/www.indexologyblog.com\/author\/brian-luke\/"},{"display":"Barbara Velado","title":"Senior Analyst, Research & Design, ESG Indices","image":"\/wp-content\/authors\/barbara_velado-413.jpg","url":"https:\/\/www.indexologyblog.com\/author\/barbara_velado\/"},{"display":"Michael Mell","title":"Senior Director, Custom Indices","image":"\/wp-content\/authors\/michael_mell-362.jpg","url":"https:\/\/www.indexologyblog.com\/author\/michael_mell\/"},{"display":"Sherifa Issifu","title":"Senior Analyst, U.S. Equity Indices","image":"\/wp-content\/authors\/sherifa_issifu-373.jpg","url":"https:\/\/www.indexologyblog.com\/author\/sherifa_issifu\/"},{"display":"Rachel Du","title":"Senior Analyst, Global Research & Design","image":"\/wp-content\/authors\/rachel_du-365.jpg","url":"https:\/\/www.indexologyblog.com\/author\/rachel_du\/"},{"display":"Benedek V\u00f6r\u00f6s","title":"Director, Index Investment Strategy","image":"\/wp-content\/authors\/benedek_voros-440.jpg","url":"https:\/\/www.indexologyblog.com\/author\/benedek_voros\/"},{"display":"Izzy Wang","title":"Analyst, Strategy Indices","image":"\/wp-content\/authors\/izzy.wang-326.jpg","url":"https:\/\/www.indexologyblog.com\/author\/izzy-wang\/"},{"display":"Jason Ye","title":"Director, Strategy Indices","image":"\/wp-content\/authors\/Jason%20Ye-448.jpg","url":"https:\/\/www.indexologyblog.com\/author\/jason-ye\/"},{"display":"Jaspreet Duhra","title":"Managing Director, Global Head of ESG Indices","image":"\/wp-content\/authors\/jaspreet_duhra-454.jpg","url":"https:\/\/www.indexologyblog.com\/author\/jaspreet_duhra\/"},{"display":"Daniel Perrone","title":"Director and Head of Operations, ESG Indices","image":"\/wp-content\/authors\/daniel_perrone-387.jpg","url":"https:\/\/www.indexologyblog.com\/author\/daniel_perrone\/"},{"display":"Cristopher Anguiano","title":"Senior Analyst, U.S. Equity Indices","image":"\/wp-content\/authors\/cristopher_anguiano-421.jpg","url":"https:\/\/www.indexologyblog.com\/author\/cristopher_anguiano\/"},{"display":"Ari Rajendra","title":"Senior Director, Strategy & Volatility Indices","image":"\/wp-content\/authors\/Ari.Rajendra-400.jpg","url":"https:\/\/www.indexologyblog.com\/author\/ari-rajendra\/"},{"display":"Louis Bellucci","title":"Senior Director, Index Governance","image":"\/wp-content\/authors\/louis_bellucci-377.jpg","url":"https:\/\/www.indexologyblog.com\/author\/louis_bellucci\/"},{"display":"Lalit Ponnala","title":"Director, Global Research & Design","image":"\/wp-content\/authors\/lalit.ponnala-388.jpg","url":"https:\/\/www.indexologyblog.com\/author\/lalit-ponnala\/"}]
Equity markets have changed considerably over the past 10 years, reflecting the growth of stocks and sectors in each market. While this growth has led to increased concentration in most of the world’s largest equity markets, Australia is a notable exception, as diversification has improved both in terms of stock concentration and along sector lines….
Equal-weighted indices typically outperform their cap-weighted counterparts (although 2017 so far has proven to be an exception to the general rule). This means that portfolio managers can usually create a performance tailwind by equal weighting rather than cap weighting their holdings. But do they? One way to assess this question is by using the Herfindahl-Hirschman…
