Tag Archives: institutional investor
Spot the Difference
From a U.S. equities perspective, the first month of 2026 started on a different trajectory compared to years past. S&P 500® performance trailed much of the rest of the world (as measured by the S&P World Ex-U.S. Index), and within the U.S., the performance of the S&P 500 Information Technology (“U.S. Tech”) ranked in the…
- Categories Equities
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Exploring an Index-Based Path to Leveraged Loans
What’s the role of indices in the fast-growing leveraged loans market? S&P DJI’s Frans Scheepers and State Street Investment Management’s Marcel Benjamin explore how indexing works for leveraged loans and take a closer look at the S&P USD Select Leveraged Loan Index.
- Categories Fixed Income
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- Categories
- Fixed Income
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Fashionably Late Cycle: The S&P 500 Market Leaders Index
The late-cycle economy is defined as the final phase of the macroeconomic cycle when economic activity hits its peak. The period is characterized by high but slowing growth, rising inflation that may affect profit generation, a tight labor market and volatility in interest rates. Given these conditions, many market participants are considering how best to…
- Categories Factors
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- Factors
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Cautioning the Clairvoyant
December is typically when we hear Wall Street strategists announce their forecasts for the S&P 500® for the year ahead, and this year has been no exception: 2026 forecasts have ranged from a relatively bearish 7,100 from Bank of America to a bullish 8,000 from Deutsche Bank. But how accurate have these forecasts been in…
- Categories Equities, S&P 500 & DJIA
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- Categories
- Equities, S&P 500 & DJIA
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Rallies, Records and Relentless Restlessness: A Tale of Markets in 2025
As 2025 draws to a close, U.S. large caps boast impressive gains: after a rocky start that saw a 19% drawdown, the S&P 500® is up 18% including dividends, as of Dec. 12, significantly above its annualized total return of 10.8% since inception in 1957. The U.S. bellwether also recorded 37 all-time highs this year….
- Categories Equities
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Factors for All Markets
Recently, much of the financial media has been occupied with discussing the potential of a bubble in markets. Some have compared the current sentiment to the “animal spirits” of the late 1990s.1 Proponents of this view cite stretched valuations, retail-driven speculation and the circularity of transactions as evidence to support their claims. Whether or not…
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The S&P USD Select Leveraged Loan Index: A Comprehensive Approach to the Leveraged Loan Market
The S&P USD Select Leveraged Loan Index is a new entrant in the leveraged loan landscape, developed to fill a critical gap in existing liquid leveraged loan index offerings that typically focus on the largest loans by market capitalization. This innovative index encompasses all USD-denominated fully funded term loans with a minimum facility size of…
- Categories Fixed Income
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- Categories
- Fixed Income
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Fixed Income Funds and Their Fortunes
Global fixed income markets have been buffeted by tariff-related tensions and inflation concerns coupled with monetary policy uncertainty, with many central banks cutting rates, Japan in tightening mode and the U.S. Fed ending its quantitative tightening program. Focusing on the U.S. and Europe, sovereign yield curves in both regions have steepened since late 2024, with…
- Categories Fixed Income
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SPIVA Mid-Year 2025 Results Around the World
For more than 20 years, S&P DJI’s SPIVA® (S&P Indices Versus Active) Scorecards have been evaluating active funds’ performance against their appropriate benchmarks on a biannual basis. The results of our regional SPIVA Scorecards continue to show that active outperformance is rare, especially over the long term.1 Spanning across 11 regions, 54% of all equity…
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Understanding and Tracking Leveraged Loans
How are benchmarks like the S&P UBS Leveraged Loan Index and S&P UBS Western European Leveraged Loan Index helping bring transparency to one of the largest fixed income markets? Take a fundamental look at leveraged loans with Marco Pouw, S&P DJI’s Director of Fixed Income Indices.
- Categories Fixed Income
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