Arabian Nights: Mysteries On The Frontier

In the first half of 2014, the MSCI Frontier Markets Index substantially outperformed its actively managed peer group. The degree of this outperformance is deeply ahistorical for major equities classes and poses several implications for manager selection and evaluation. This paper examines the unique structure of this market rally in an effort to better understand the frontier markets environment, assess the complicated interplay between index structure and performance measurement, and discusses how allocators should evaluate and respond to these special circumstances.

Ecosystem Webinar Presentation

Facilitating opportunity
• Grow and diversify the pool of talented entrepreneurial managers to the benefit
of the asset management industry
• Support entrepreneurial efforts of talented investment managers
• Increase FIS Group’s first mover track record from 25% to 50%
of all funded firms
• Funded entirely by revenue generated from
FIS Group’s core business
• Services provided at no cost to the managers

Pain & Gain: What Happens Now That Emerging Markets Have Submerged?

During a rather sobering January, several clients wondered whether we were maintaining our generally bullish sentiment on G3 equity markets discussed in our mid-month market outlook presentation. Thus far (January 30, 2014), that conviction has admittedly been severely tested with the Dow down 4.39%; the S&P 500 down 2.39%; the Russell 2000 down 2.09%; MSCI EAFE down 3.57% and Emerging Markets down by a whopping 6.61%. First, let’s recall the highlights of our 2014 strategy report: