The phrase “past performance is not an indicator of future outcomes” is a common fine print line found in all mutual fund literature. Yet due to either force of habit or conviction, both investors and advisors consider past performance and related metrics to be important factors in fund...

Efforts to hedge foreign currency risk via currency hedged portfolios are ubiquitous. Tools such as currency hedged benchmarks help an investor get exposure to foreign asset returns without getting exposure to changes in the value of foreign currency versus local currency.Related to the concept...

Many trading, investing and structured product applications require narrow, liquid basket that efficiently track the market. In this paper, we examine tracking efficiency and turnover of highly liquid baskets, which track the investable European stock market as represented by the S&P Europe 350...

Since the beginning of the decade, flows to institutional and retail products in the international small cap space have grown at a faster clip than flows to international large caps.The reasons for this are fairly obvious - greater alpha generating opportunities and higher diversification...

The capitalization-weighted S&P 500 is clearly a measure of the investment opportunity set of large-cap U.S. equity market. However, an equally weighted investment strategy might require that its performance be measured against an equally weighted index. The S&P Equal Weight Index (S&P EWI) will...