Planning for the US Presidential Election
This general election will be one of the most unusual in modern history. Investors should not tweak portfolios based on election prognostication.
Authored by: Sean Duffin
Should Investors Trim Gold Exposure, Given the Rally in Prices?
Yes, investors who have made tactical bets in gold should consider scaling back their positions and locking in some gains.
Benefits of Global Diversification
Investors are now grappling with the impact of the COVID-19 pandemic, which has sent global equities into bear market territory as the threat of a severe recession weighs on the global economy. These are challenging, uncertain times for equity markets. As investors work to ensure their portfolios will be robust through this downturn and are positioned for the eventual rebound, we offer a review of the critical benefits of global equity diversification and examine considerations related to home bias, rebalancing strategies, and currency impacts.
Emerging Markets Equity Manager Performance
Of active emerging markets equity managers, 64% outperformed the MSCI Emerging Markets Index gross of fees in 2019 after three consecutive years of underperformance. This is a companion piece to the US, Global, and Global ex US charts books already published.
Global ex US Equity Manager Performance
In 2019, 63% of active global ex US managers outperformed the MSCI EAFE Index gross of fees, with the median manager outperforming by 183 basis points. This is a companion piece to the US and Global chart books already published.
Global Equity Manager Performance: 2019
In 2019, 54% of active global managers underperformed the MSCI World Index (gross of fees), with the median manager underperforming by 44 basis points. This a companion piece to the US chart book already published.
US Mid- to Large-Cap Equity Manager Performance
For the sixth straight year, the majority of active mid- to large-cap managers underperformed in 2019, with 62.0% lagging the benchmark (gross of fees). This chart book is our annual summary of the absolute and relative performance of managers that report to our database.
Outlook 2020: Ten Investing Themes for the Coming Year
Our thoughts on key macro questions, emerging opportunities, and risks in 2020.
Diversification Challenges
As investors prepare for the next equity market downturn, they should take a closer look at the benefits and limits of diversification.
Frontier Markets: The Next Frontier in Your Portfolio?
Are frontier markets corrupt, politically driven, and dangerously speculative? Or, are they budding blossoms destined to deliver strong returns? This publication aims to help investors to decide whether and how to integrate FM equities into portfolios, assess underappreciated FM risks, and discuss implementation considerations.