Tag Archives: information technology
Capturing Future Tech with Index-Based Tools
Discover how index-based strategies are expanding access to technology and innovation factors with S&P DJI’s Anu Ganti, Direxion’s Dave Mazza, and ProShares’ Simeon Hyman.
- Categories Equities, Strategy
-
Other Tags
benchmarking, disruptive technology, Dividend Aristocrats, dividend growers, dividend growth strategies, ETFs, Financial Advisors, global equities, harnessing innovation, indexing, risk management, S&P Dow Jones Indices, S&P Kensho Moonshots, S&P Technology Dividend Aristocrats, sector strategies, transformative technology
- Other Tags
- benchmarking, disruptive technology, Dividend Aristocrats, dividend growers, dividend growth strategies, ETFs, Financial Advisors, global equities, harnessing innovation, indexing, risk management, S&P Dow Jones Indices, S&P Kensho Moonshots, S&P Technology Dividend Aristocrats, sector strategies, transformative technology
Concentrating on Technology
After the dominant performance of large-cap technology stocks in 2020, concentration concerns naturally come to mind. The HHI, or Herfindahl-Hirschman Index, is a widely-used concentration measure; it’s defined as the sum of the squared index constituents’ percentage weights (usually taken as whole numbers). For example, the HHI for an equally-weighted 50 stock portfolio is 200…
Celebrating 64 Years of the S&P 500
The S&P 500® was launched on March 4, 1957, and so yesterday marked its 64th birthday. To celebrate this milestone, a number of my colleagues and I recently appeared on our Index Investment Strategy team’s weekly call (sign up for the daily dashboard to receive the invite). If you couldn’t make it, here are a…
- Categories Equities, S&P 500 & DJIA
- Other Tags
Exploring the S&P/ASX All Technology Index’s Remarkable First Year
As we mark the first anniversary of the S&P/ASX All Technology Index, it seemed an opportune time to look back at what can only be described as a remarkable inaugural year. After peaking on Feb. 17, 2020—just one trading day post launch—the index plunged nearly 50% over the ensuing month, bottoming out on March 23…
- Categories Equities
- Other Tags
- Categories
- Equities
- Other Tags
A Different Kind of Bubble
Information Technology was the top-performing sector in 2020, up 44%, while Momentum (up 28%) was the second best-performing factor. These two results are reminiscent of the bubble we experienced two decades ago. But the Tech sector of today is not your father’s Tech sector. Similarly, we can analyze the market from a factor perspective and…
A Reversal, or Two
For many equity investors, the stand-out theme of last year was the reversal in the market’s initial response to, and recovery from, the COVID-19 pandemic: the dramatic price declines in March, the wild swings around the bottom as VIX® marked its highest closing level ever, and the just-as-dramatic recovery to new all-time highs by late…
- Categories Equities, S&P 500 & DJIA
- Other Tags
Tesla Added to the S&P 500
Yesterday, S&P Dow Jones Indices announced that Tesla will be added to the S&P 500® prior to the open on Monday, Dec. 21, 2020. The Index Committee has not yet determined which current constituent Tesla will replace, nor how Tesla will be added to the index—because of its size, S&P DJI is seeking feedback through…
- Categories ESG, S&P 500 & DJIA
- Other Tags
Global Islamic Indices Continue to Outperform, Gaining up to 13% over Conventional Benchmarks YTD
Global equities withstood a slump in the last month of the quarter, ultimately gaining 8.1% in Q3 2020 and entering positive territory YTD, as measured by the S&P Global BMI. Meanwhile, Shariah-compliant benchmarks, including the S&P Global BMI Shariah and Dow Jones Islamic Market (DJIM) World Index, significantly outperformed conventional indices, ultimately gaining an advantage…
- Categories Equities
- Other Tags
- Categories
- Equities
- Other Tags
Not Your Father’s Tech Sector
As of the end of August 2020, the S&P 500® Information Technology sector had risen a remarkable 36% YTD. Such outstanding relative performance of course reminds us of the late 1990s, when the markets experienced a technology bubble and subsequent bust. One notable resemblance to the late 1990s is Information Technology’s weight in the S&P…
- Categories Equities
- Other Tags
- Categories
- Equities
- Other Tags
Global Islamic Indices Outperformed Benchmark by Nearly 10% in H1 2020: Examining the Key Drivers
Global equities rallied during Q2 2020, gaining 20% as measured by the S&P Global BMI. Shariah-compliant benchmarks, meanwhile, including the S&P Global BMI Shariah and Dow Jones Islamic Market (DJIM) World Index, significantly outperformed—entering positive territory YTD—well ahead of the 6.8% decline of the S&P Global BMI (see Exhibit 1). The outperformance trend played out…
- Categories Equities
- Other Tags