Systematic Global Equities: Q4 2020 Update
2020, a year characterized by a global pandemic, saw dramatic reversals in sentiment and leadership in equity markets. After being panic-stricken in the first quarter when the pandemic broke out…
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.
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 …