Leonard Oremland Joins Xponance®
Press Release December 2, 2020–Philadelphia, PA  Industry veteran Len Oremland has joined Xponance®, Inc. as Managing Director, Head of Distribution and Client Engagement. Len will join the firm’s management committee and lead all aspects of Sales, Consultant...Leonard J Oremland
Leonard J. Oremland Managing DirectorHead of Distribution Leonard (Len) J. Oremland leads all aspects of distribution for Xponance, including sales, consultant relations, marketing and public relations. He is a member of the Management, Investment Governance & ESG...
The Risk of a Contested Election and Civilian Unrest
Despite a meaningful lead in national polls by former Vice President Biden over President Trump, the next President of the United States will be decided by the outcome in approximately 13 states …
U.S. Fixed Income: Q3 2020 Update
The final stanza of 2020 is upon us, and the fixed income landscape looks quite complacent across many sectors of the market. Treasury rates are somewhat of an exception, as the re-steepening of the treasury curve is pronounced …
Q4 2020 Market Outlook: Risks that Keep Us up at Night as Investors (and Citizens)
History teaches us that financial assets and markets can survive and indeed thrive under different political systems (see China and Thailand for example), but social unrest and instability are their common and universal kryptonite.
Systematic Global Equities: Q3 2020 Update
The third quarter of 2020 saw equity markets post strong gains, capping the best two-quarter performance since 2009. Despite a spike in coronavirus cases in June and July, there has been a slow but steady recovery in economic activity.
Russell 1000 Growth Index Replication Strategy
Russell 1000 Growth Index Replication Strategy Q2 2023 | June 30, 2023 Read PDF Version Annualized Returns (%) QTD YTD 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception1 Gross of fees 12.80 29.00 27.09 13.73 - - - 13.87 Net of fees 12.79 28.99 27.07 13.71...Russell 2000 Index Replication Strategy
Russell 2000 Index Replication Strategy Q2 2023 | June 30, 2023 Read PDF Version Annualized Returns (%) QTD YTD 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception1 Gross of fees 5.19 8.06 12.27 10.78 4.19 - - 5.39 Net of fees 5.18 8.05 12.24 10.76 4.17 - -...S&P 400 Index Replication Strategy
S&P 400 Index Replication Strategy Q2 2023 | June 30, 2023 Read PDF Version Annualized Returns (%) QTD YTD 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception1 Gross of fees 4.84 8.84 17.59 15.43 - - - 9.82 Net of fees 4.83 8.82 17.55 15.39 - - - 9.79...S&P 500 Index Replication Strategy
S&P 500 Index Replication Strategy Q2 2023 | June 30, 2023 Read PDF Version Annualized Returns (%) QTD YTD 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception1 Gross of fees 8.74 16.89 19.59 14.59 12.30 - - 13.15 Net of fees 8.73 16.88 19.56 14.57 12.28...Russell 1000 Value Index Replication Strategy
Russell 1000 Value Index Replication Strategy Q2 2023 | June 30, 2023 Read PDF Version Annualized Returns (%) QTD YTD 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception1 Gross of fees 4.06 5.10 11.54 14.29 8.10 - - 7.45 Net of fees 4.03 5.05 11.43 14.18...
Index Concentration & Portfolio Construction
The bellwether index for U.S. equity markets, the S&P 500, has seen a steady increase in stock and sector concentrations since 2017. This has created implications regarding the drivers of market performance …
U.S. Fixed Income: Q2 2020 Update
As we move into the second half of 2020, we can only look back on the first half in amazement. In fact, 1H20 was a tale of two halves, for markets generally and the fixed income markets specifically. As we noted in our commentary for 1Q20 March was one of the worst months for…
Systematic Global Equities: Q2 2020 Update
When this year began, no one could have predicted the path we would travel in just six short months. While the first quarter of 2020 was one of the worst on record, the second quarter was one of the best. Equity markets have experienced wild swings…
Q3 2020 Market Outlook: Now Comes the Hard Part
Having troughed in May, high frequency economic data snapped back sharply in June, albeit not to pre-virus levels. One such indicator – the Global purchasing managers’ index (PMI) markedly improved in June from 42.4 to 47.8; but remains in contractionary territory…
Xponance® Achieves Top Guns Status For First Quarter Of 2020 By Informa Investment Solutions
Press Release PHILADELPHIA, PA, June 18, 2020 – Xponance®, Inc., an investment management company offering active and systematic global equity, passive equity and active fixed income strategies, today announced that it has been recognized with Top Guns status for the...
Is it Time for a Small Cap Resurgence?
The recent past has seen extreme divergence in the performance of small cap stocks versus their large cap counterparts. We take a closer look at this underperformance and discuss the impact of different market environments on the returns generated by small cap stocks. …
Facing our Racial Demons and Healing Them
As people of good conscience raise their voices in response to the killing of George Floyd and a justice system whose impartiality too often excludes black and brown peoples, Dr. King’s words 60 years ago should haunt us all…
Growth and Value Uncovered: What Kinds of Managers Are Winning And Losing?
Growth managers have been outperforming core benchmarks and value managers by a wide margin the past 3+ years (Chart 1). In this analysis, we dig a little deeper to see what investment approaches …
EM Test Page
Emerging MarketsWebinar Series We are pleased to present our new series of “Views from the Field Experts”, a series of conversations with the CIOs, Portfolio Managers, and other experts within the Xponance Regional Emerging Markets Portfolio. These...
A Time for International Small Cap Stocks to Shine Again?
Small caps have enjoyed a structural size premium (Chart 1 and Chart 2). Moreover, we have long maintained that high active share strategies are best deployed in less efficient market segments such as…
The Xponance® Point of View:Â ESG and COVID-19
Our employee-owned firm, Xponance®, is led by an experienced team of women and diverse professionals with a shared passion to act in good conscience for our clients, communities and each other. As part of this mission, we take environmental, social and governance (ESG) issues seriously.
Small Cap Core
Optimized Small Cap Core Q2 2023 | June 30, 2023 Read PDF Version Annualized Returns (%) QTD YTD 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception1 Gross of fees 4.74 11.70 16.00 17.58 8.10 11.00 - 9.09 Net of fees 4.59 11.35 15.27 16.83 7.47 10.45 - 8.57...Protected: Emerging Markets Webinar Series
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U.S. Fixed Income: Q1 2020 Update
As we ponder what has transpired since the beginning of 2020, and as we look back at the first quarter, we are struck by a plethora of thoughts given the monumental difference between how the year began and the quarter ended. To begin, the economic situation in which we find ourselves is…
Systematic Global Equities: Q1 2020 Update
The new decade of 2020 began in an unprecedented way. There were two distinct phases to the first quarter of the year. The first was characterized by an equity market surging to all-time highs despite concerns about a manufacturing slowdown, geopolitical tensions, and US political uncertainty.
Q2 2020 Market Outlook: Global Financial Markets are on Policy-Induced Life Support – What’s Next?
Widespread social distancing has been akin to emergency sedation of global economic activity while the extensive fiscal and monetary stimulus has provided life support.
The Role for Credit In Short Duration Portfolios
Topic Overview This short piece describes our analysis of historical return patterns for short duration fixed income assets and an assessment of the benefits and drawbacks of investing with an inherent bias towards spread products over a range of market cycles....
FIS Group Rebrands to Xponance®
PHILADELPHIA, PA – FIS Group and its wholly owned subsidiary, Piedmont Investment Advisors, announced today that, effective April 1, 2020, they are rebranding into a newly formed combined corporate entity, Xponance®. The company has $9.5 billion* in assets under management, remains 100% employee owned, and maintains the existing ownership structure…