News & Research

The rise of the mass affluent market and its rapidly changing customer behaviour and preferences have been the driving force behind digital acceleration in the wealth management ecosystem. In this blog, Tanya Bartolini, Co-Founder of multi-asset investment technology provider Jacobi, explains how wealth management organizations can use institutional-grade technology to ‘lift the lid’ on investment decision-making and provide richer insights to clients.

Country risk in developed markets has risen across the board; Diversification ratio declines on higher asset correlations; US Sectors with Momentum have shifted.

Gilt yields soar after autumn statement; Pound benefits from higher-for-longer rates; Four-week equity winning streak helps reduce portfolio risk.

Investor sentiment continued to recover last week with only one market (Asia ex-Japan) remaining bearish as of last Friday. Investors in China remained bullish (or hopeful?), despite the market’s reluctance to rise without further evidence of a credible economic recovery. Elsewhere, sentiment was still negative in Global developed markets, Global emerging markets, and Europe, neutral in Global developed ex-US markets, Japan, and the US, and turned positive in Australia and the UK.

STOXX Ltd. will adjust the capping in the DAX index family from 10 to 15 per cent. This was preceded by a broad market consultation which lasted from 11 October to 8 November 2023. The responses reflected a wide range of considerations from different stakeholders. A majority of participants were in favour of raising the capping limit to 15 percent.

Volatilities and correlations climb in Europe; US small caps among the big winners of last week; UK Earnings Yield style factor takes off.

Transaction costs play a crucial role for any investor considering adopting sustainable principles in their investments. A new study from ISS LiquidMetrix and STOXX investigates the costs, and cost efficiencies, of shifting a benchmark portfolio of European equities to climate-transition versions.

Transaction costs play a crucial role for any investor considering adopting sustainable principles in their investments. This study from ISS LiquidMetrix and STOXX investigates the costs, and cost efficiencies, of shifting a benchmark portfolio of European equities to climate-transition versions.

Invesco has switched the underlying strategies for three US-listed ETFs that target technology themes to the following STOXX indices: STOXX® World AC NexGen Connectivity, STOXX® World AC NexGen Media, and STOXX® World AC NexGen Software Development. The change comes amid strong demand and performance for thematic strategies, particularly those exposed to technologies disrupting the global economy.

Investor sentiment improved markedly last week with only two markets (Asia ex-Japan and Europe) out of seven previously, unable to complete their recovery on time and ending the week still bearish. Sentiment in Global developed markets, global developed ex-US markets, global emerging markets, Japan, and the US rose from their bearish levels in the previous week to end last week still negative but seemingly on a strong recovery path.

If you are a wealth manager, you are unlikely to have had a conversation about the performance of your clients’ portfolios without talking about taxes. Yet, surprisingly, much of the research and discussion about portfolio management is based on pre-tax returns.

Direct indexing continues to gain momentum as an investment strategy for its potential to provide higher post-tax returns and portfolio customization. Direct indexing strategies with active tax management target higher post-tax portfolio returns by achieving pre-tax investment goals with lower tax costs. In this paper, we investigate the benefit of active tax management for direct indexing strategies tracking broad cap-weighted equity market indices.