Investments

Global Outlook- Looking Beyond the Cycle

Published by: PGIM Real Estate

In PGIM Real Estate’s latest Investment Research paper, we look beyond the cycle to assess values we are seeing today in a long-term context. Our analysis of the global property risk premium suggests that pricing looks sensible in a long-term context and offers decent protection against a moderate increase in interest rates.

The Science of Superior Service research

Published by: Wells Fargo Asset Management

Gain insight into what plan sponsors really want Our Science of Superior Service research reveals what sponsors want and what you’re delivering may be light years apart. Access research now

Getting smart (beta) about target date funds

Published by: BlackRock

Can factor investing help target date funds achieve their objectives? Explore how carefully selected smart beta exposures can be implemented within the glidepath to seek additional return for younger participants and reduced volatility near retirement.

High Conviction Active Management Asserts Strength Over Time

Published by: ClearBridge Investments

Arguments against the ability of active strategies to outperform market benchmarks fail to differentiate the many active management approaches available to investors. A recent ClearBridge analysis identifies turnover rate and number of holdings as determinants of performance among active strategies.

Market Capitalization Weighted Indexes: An Accident of History

Published by: WisdomTree

More than 10 years ago, we launched a series of earnings- and dividend-focused core beta ETFs to finally give open-minded investors a chance to break the shackles placed on them by the S&P 500, an index that we think was invented with little thinking and that became “the benchmark” almost solely because it was the first one to exist.

The Path to Transparency In Alternatives Investing

Published by: Northern Trust

A Northern Trust sponsored survey of 200+ asset managers and investors reveals evolving priorities around transparency and risk, as well as a need for industry consensus with regard to governance. Gain insights into alternatives and download the paper today!

Not your parents’ ESG

Published by: P&I Content Solutions

As responsible investing gains steam among asset owners, the concept is evolving from a distinct approach to a set of factors that influence a broader range of investments and investors.

Generating Passive Alpha in the Core of a Portfolio

Published by: WisdomTree

This paper examines the philosophical and fundamental underpinnings for the creation of the WisdomTree fundamentally weighted Indexes, showcases the impressive performance track record generated, indicates the factors we believe drove performance, and concludes with how we think these strategies fit into the U.S. equity market context today.

Managing investment outcomes with volatility control

Published by: Schroders

Asset price volatility is a concern for most investors. One answer is to use a volatility-controlled strategy; one that seeks to reduce the risk, while retaining much of the growth within the portion of a portfolio.

Rethinking Longevity Risk: A Framework to Address the Tail End

Published by: S&P Dow Jones Indices

With the significant improvement of human lifespan, traditional retirement thinking does not adequately take into account the need for providing for the tail end of the lifespan in the form of a stable stream of retirement income.

Revisiting the Global Credit Cycle

Published by: PGIM Fixed Income

Find out how new, pro-growth U.S. policies could accelerate the current credit cycle, requiring increased attention to tail risk in fixed income portfolio construction.

Strengthening the core: Preparing DC menus for the next evolution

Published by: BlackRock

Core menus are designed to provide choice and diversification. But are they meeting that expectation? Our examination suggests four key steps to drive the next evolution of investment menus.

Populism and the Threat to Globalization

Published by: Standard Life Investments

What is driving the rise of populist parties in Europe, the election of President Trump, Brexit? We explore these issues alongside social and cultural changes globally and consider the implications for the future of globalization and for markets.

Schroders’ Global Investor Study (pension fund investors) – Focusing on investment outcomes and ESG issues

Published by: Schroders

A new political and economic landscape is changing investors’ priorities and approach. The Schroders Global Investor Study shows that a focus on investment outcome rather than relative return is fuelling a significant rise in multi-asset and smart beta investing.

Multi-Asset Strategies: Giving asset owners peace of mind in today’s uncertain investment environment

Published by: P&I Content Solutions

In this round table, James Macey, portfolio manager for Franklin Templeton Solutions, Ashwin Alankar, global head of asset allocation and risk management for Janus Capital Group, and Michael J. Kelly, global head of multi-asset for PineBridge Investments, discuss what multi-asset strategies can deliver, what they can’t deliver and how investors can use them to help meet their return objectives.

A different kind of target-date investor

Published by: Vanguard

In A different kind of target-date investor, from Vanguard Center for Investor Research, authors examine how participants become mixed target-date investors, determine if the concerns raised about mixed target-date investors are valid, and suggest measures to avoid such risks.

A Case for Dividend Growth Strategies

Published by: S&P Dow Jones Indices

Dividend strategies have gained a foothold with market participants seeking potential outperformance and attractive yields in the low-rate environment since 2008. Stocks with a history of dividend growth could present a compelling investment opportunity when rates are rising.

Building a Smart Beta Core U.S. Equity Allocation in Mid- and Small Caps

Published by: WisdomTree

This paper will discuss what WisdomTree believes is one key factor to building smart beta indexes for U.S. equities: profitability. Incorporating profitability into the selection and weighting of its components is one element that sets WisdomTree apart in its earnings family of Indexes.

An examination of global asset allocation and home bias

Published by: Vanguard

Research has found that asset allocation is the key driver of return variability for a diversified portfolio. Vanguard offers clarity with two questions: How does asset allocation affect risk/return expectations? And how much home bias is reasonable?

Retirement distribution decisions among DC participants

Published by: Vanguard

The majority of retirement-age DC plan participants leave their plan within five years of separation from service. Participants are more likely to remain when plans permit flexible distributions, having implications for target-date fund design and retirement income programs.

Lengthening the Investment Time Horizon

Published by: MFS Investment Management

Investors are increasingly making decisions based on short-term market trends due to the role of incentives, the media, financial reporting, and other decision-making biases. But there are opportunities for differentiated performance when investors hold securities for longer periods.

The Changing Equation: Building for Retirement in a Low Return World

Published by: BlackRock

What happens when longer retirements meet lower returns? DC plan participants need action and guidance to prepare. Explore BlackRock’s The Changing Equation: Building for Retirement in a Low Return World.

Vanguard Life-Cycle Investing Model: A framework for building target-date portfolios

Published by: Vanguard

New tools from Vanguard can help determine if plan participants could benefit from a glide path designed for unique participant populations. Vanguard explains the inner workings of their proprietary model for glide path construction.

A powerful combination: Target-date funds and managed accounts

Published by: Vanguard

Cynthia Pagliaro and Stephen Utkus, Vanguard Center for Retirement Research, explain how a combination of target-date funds and managed accounts can work with all your plan participants.

Central Banks of the World: Yield to the Markets!

Published by: Prudential Fixed Income

Are overzealous monetary policies contributing to market volatility? Are the aggressive policies of the BoJ and ECB inflicting more harm than good? We also consider where policies are headed next and why this should support the bond markets.

Key Fault Lines in the Global Earthquake Zone

Published by: Prudential Fixed Income

Slow economic growth. Mountains of debt. Central bank buying. Negative bond yields. Rising inequality. Find out how the macroeconomic and policy failures of developed economies led to rising political risk, how these risks interact, and the implications for fixed income strategies.

Passive and Active Fulfillment Choices
Target Date Funds: Combining the Best of Active and Passive

Published by: QMA

QMA discusses the characteristics of different types of active equity managers and examines the advantages of combining a quant approach with indexing. We also consider the implications in target date funds and how fulfillment choices impact retirement savings and income.

The Ease of Automation and Guaranteed Lifetime Income

Published by: Prudential Financial, Inc.

Prudential Retirement commissioned a survey that asked plan participants their thoughts on plan design features. This whitepaper takes an in-depth look at the findings and suggests ways for plan sponsors to better meet participant needs and expectations.

The Long and the Short of It: The Quant Shorting Advantage

Published by: QMA

Active extension, equity long-short, and equity market neutral products can be attractive for investors at any particular time, given investors' varied investment objectives and needs. QMA's paper describes how short selling can allow investors to find alpha in often overlooked places.

The timeless case for floating-rate loans as a strategic allocation

Published by: Eaton Vance Management

Floating-rate loans deserve consideration as a strategic portfolio allocation.

Where We Are Finding Growth: Internal Change Catalysts

Published by: Artisan Partners

Artisan Partners Growth Team examines an area of the market where it is finding growth opportunities despite a sluggish macro environment: Companies capitalizing on compelling internal change catalysts.

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