Empirical literature and MSCI analysis show that high implementation costs indicate there is little evidence the average managers in either emerging market or small caps have produced either higher or more persistent risk-adjusted returns relative to their developed market and mid-cap peers.
Governed by distinct moral and legal codes, Islamic finance differs greatly from conventional investment approaches, emphasizing the sharing of risk and reward. This Vision Focus paper highlights this alternative form of investing and how it is becoming increasingly attractive to investors around the world.
Drawing on the expertise of our leading authorities on sovereign wealth funds (SWFs), this Vision paper assesses the implications of the financial crisis on SWFs, examining how the crisis has altered public perception, challenges posed and how SWFs might engage in the debate over a new financial world order.
With the growth of defined contribution (DC) assets now outpacing that of defined benefit (DB) assets globally, DC models are being examined more closely than ever before. This Vision paper explores ways to strengthen DC plans so that they deliver an effective long-term solution to meet retirement needs globally.
As ETFs expand in number, breadth and global reach, ETF sponsors face numerous challenges and opportunities, including creating greater efficiencies and adapting traditional operational models to accommodate increased trading frequency. This Vision Focus paper looks at how sponsors can best position themselves to thrive in this dynamic, competitive market.
Around the world, exchange traded funds (ETFs) are becoming an increasingly important component of institutional investors’ portfolios. In this Vision Focus paper, we examine ETFs, including regional differences and changing regulations, as well the growing number of institutional uses for them.