• A recent blog post from Index Industry Association President Rick Redding highlights the five fundamental truths of indexes and how they benefit the investor community. Link
    FTSE Russell Fri 31 Jul 2020 13:02

    Editor’s Note: This June, the Index Industry Association is introducing a new content stream that highlights the form and function of indexes, and their role in 2020’s investing environment. This blog is a companion piece to our new five-part video series, Index Foundations, which is now live on our Insights page.

    Earlier this year, the index world took center stage. As a result of the spread of the COVID-19 virus and its disruptive impact on the world economy, global stock market indexes recorded some of their biggest advances and declines in history. 2020 has seen significant market volatility and even large intraday swings hanging on geopolitical events, the latest bankruptcy filing or growing hope for a potential vaccine. Market indexes have kept score of all of these significant market ups and downs triggered by the Global Pandemic. The question now: will indexes be as important going forward for investors?

    And in fact, yes, this is an immense...

  • Solutions for integrating climate risk into listed real estate portfolios. FTSE EPRA Nareit Green Indexes have been designed to allow investors to identify real estate companies with strong sustainability performance. Learn more: Link https://t.co/U5FRZLJzmq
    FTSE Russell Fri 31 Jul 2020 10:02

    Real estate investing has historically lacked the appropriate tools to allow investors to assess their exposure to climate risk and to integrate it effectively in their investment strategies. To help address this gap, the FTSE EPRA Nareit Green Indexes have been designed to allow investors to identify real estate companies with strong sustainability performance.

    These indexes are a sustainability-focused extension to the FTSE EPRA Nareit Global Real Estate Index Series, with approximately US$341billion of assets tracking this leading series of listed real estate benchmarks1.

    Additionally, these indexes:

  • RT @LSEGplc: .@LSEGplc total income up 8% to £1,235 million in H1 2020 Link https://t.co/NQdYPo9bdV
    FTSE Russell Fri 31 Jul 2020 07:52

    Unless otherwise stated, all figures below refer to continuing operations for the six months ended 30 June 2020 (H1 or H1 2020).  Comparative figures are for continuing operations for the six months ended 30 June 2019 (H1 2019). 

    Good financial and operational performance in H1 drives 11% increase in AEPS

  • RT @LSEGplc: .@LSEGplc announces interim results for first half to 30 June 2020: good financial and operational performance https://t.co/XI…
    FTSE Russell Fri 31 Jul 2020 07:52
  • ESG at a Tipping Point – interesting reading from Morningstar on the CFA Society's "Enterprising Investor" blog, courtesy of the Index Industry Association, of which FTSE Russell is a member firm. Link
    FTSE Russell Thu 30 Jul 2020 13:01

    Crises tend to accelerate trends. The upheavals of 2020 — from the global pandemic to the movement for racial justice and the ongoing threat of climate change — have undoubtedly helped propel environmental, social, and governance (ESG) investing into the mainstream. ESG-related topics have never been so central to the investment conversation. Assets are growing and the connection between ESG and risk is strengthening.

    But ESG also requires that investors expand their toolkits. And it poses a range of challenges to investment managers and index providers alike.

  • Are analytics and data ready for the great leap forward in sustainable investing? Read the thoughts of Mark Carney, David Blood and David Schwimmer at our recent @LSEGplc @PRI_News discussion: Link https://t.co/qndNt4hJSF
    FTSE Russell Wed 29 Jul 2020 15:15

    The global response to climate change represents the “most significant economic transition in history,” according to David Blood, the co-founder of Generation Investment Management, and an investment opportunity unlike any he has seen in his 35-year career in finance.

    “The economic opportunities of this transition, from a poverty and inequality perspective as well as a climate change perspective, are extraordinary,” he said, speaking on the second of a series of webinars organised by London Stock Exchange Group (LSEG) and the Principles for Responsible Investment (PRI).

    Generation Investment Management, founded in 2004 by Blood with Vice President Al Gore, manages nearly $20bn in assets invested in companies its fund managers judge to be sustainable. “We want all CEOs to engage on climate, we want them to demonstrate action around the Paris accord or net-zero, and we want them to be clear about their goals,” he said.

    “If they see the risks, but critically...

  • Are analytics and data ready for the great leap forward in sustainable investing? Read the thoughts of Mark Carney, David Blood and David Schwimmer at our recent @LSEGplc @PRI_News discussion: Link https://t.co/UJyfwQwRR8
    FTSE Russell Wed 29 Jul 2020 14:50
  • Are analytics and data ready for the great leap forward in sustainable investing? Read the thoughts of Mark Carney, David Blood and David Schwimmer at our recent @LSEGplc @PRI_News discussion: Link https://t.co/0ongXHZdiq
    FTSE Russell Wed 29 Jul 2020 14:40
  • Are analytics and data ready for the great leap forward in sustainable investing? Read the thoughts of Mark Carney, David Blood and David Schwimmer: Link https://t.co/ex3CuuaTDj
    FTSE Russell Wed 29 Jul 2020 14:35
  • We've extended our consultation with the market on enhancing climate change scores in #ESG Ratings and FTSE4Good Indexes until August 7th, Read the paper and have your say here: Link #esginvesting #sustainablefinance
    FTSE Russell Wed 29 Jul 2020 13:50

     

    With the guidance and direction of FTSE Russell’s independent practitioner committees, FTSE Russell regularly consults the market on changes to the methodology of its indexes to ensure that the indexes continue to meet investors’ requirements and define and lead global standards in indexing. The proposals set out in the various consultation documents are included in order to gather valuable market feedback and may or may not result in changes to FTSE Russell methodologies.

  • The Chinese government bond market has a market cap that now exceeds that of UK gilts and German Bunds. Webinar - Join experts from Goldman Sachs Asset Management and FTSE Russell as they discuss the characteristics of the Chinese bond market. Register: Link https://t.co/vNzvQiFV27
    FTSE Russell Wed 29 Jul 2020 09:35
    Chinese bond market: Evolution and characteristics Jonathon Orr, CFA, and Jürgen Blumberg (Goldman Sachs Asset Management), Robin Marshall (FTSE Russell) [[ webcastStartDate * 1000 | amDateFormat: 'MMM D YYYY h:mm a' ]] 60 mins
  • We are pleased to sponsor the Asset's Taiwan Investment Series Webinar on August 5, 4pm HKT/CST. Helena Fung, Head of Sustainable Investment, APAC, will be discussing sustainable investment trends & strategies within the Taiwan market. Join the webinar: Link https://t.co/PfWZ7MV6Cn
    FTSE Russell Tue 28 Jul 2020 09:04
  • Our consultation with the market on enhancing climate change scores in ESG Ratings and FTSE4Good Indexes closes at the end of the week. Read the paper and have your say here: Link https://t.co/PmrsSpu03f
    FTSE Russell Mon 27 Jul 2020 16:03

     

    With the guidance and direction of FTSE Russell’s independent practitioner committees, FTSE Russell regularly consults the market on changes to the methodology of its indexes to ensure that the indexes continue to meet investors’ requirements and define and lead global standards in indexing. The proposals set out in the various consultation documents are included in order to gather valuable market feedback and may or may not result in changes to FTSE Russell methodologies.

  • We differentiate between Secondary Emerging and Advanced Emerging status within our Equity Country Classification framework, Why we do this? Our latest blog on our governance processes explains: Link https://t.co/74V7ehC1Oj
    FTSE Russell Mon 27 Jul 2020 15:38

    By Tim Batho, (chief strategist, index policy, Asia Pacific)

    Our recent announcements regarding the conclusion of the first phase of China A Shares, and of the final tranche of Saudi Arabian stocks into our FTSE Global Equity Index Series (GEIS) matters because asset owners and managers allocate according to the classification, and investment flows into promoted countries are also impacted.

    In a recent blog we explained how we differentiated between developed and emerging markets in our country classification processes. But we also differentiate, within our Equity Country Classification framework, between Secondary Emerging and Advanced Emerging status. Why we do divide the emerging market classification in this way?

    Historic perspective

    The genesis of this two-band emerging market structure dates back almost 20 years, when the country and capitalization coverage of the FTSE global equity indexes were expanded with the incorporation of the Barings...

  • Don't look down? US stocks soared highest as global equity valuations climbed relentlessly in recent months. But what does historic data suggest about their trajectory? Read our blog: Link https://t.co/YrHVu06pdA
    FTSE Russell Mon 27 Jul 2020 15:03

    By Philip Lawlor, head of Global Investment Research

    Amid the relentless ascent in global equity valuations since March, none has soared as high as those of US stocks.

    As shown below, the Russell 1000 multiple is up more than nine points from its March low, far outdistancing the average five-point gain for its developed peers. At a forward PE of 22.9×, the Russell 1000 is near a 15-year peak and has further widened an already huge premium to those of other developed markets, which have converged around 15-16×.

    Regional 12-month forward price/earnings ratio (×)

    Source: FTSE Russell / Refinitiv. Data as of July 15, 2020. Past performance is no guarantee to future results. Please see the end for important disclosures.

    As the chart below illustrates, multiple expansion has been the major driver of the risk rally that began in late March. It has occurred despite double-digit declines in forward EPS forecasts for most markets over the same...

  • “We’ve selected FTSE Russell for the quality of its government bond indices" Philippe Baché, Head of Fixed Income at #Lyxor ETF commented. FTSE Russell licensed the FTSE G7 and EMU Government Bond Index - Developed Markets. More about fixed income indexes: Link https://t.co/ovxyBWNaLI
    FTSE Russell Mon 27 Jul 2020 11:03

    NOTICE: The names of the indexes are changing from “Citi [Name of Index]” to “FTSE [Name of Index]”. By July 31, 2018, the transition will be complete and the use of the “Citi” name in the name of the indexes will cease. A full list of the Citi index names and the new FTSE names can be found here. Please note that during this transition period, there may be a short time where updated materials that contain the new FTSE index names will co-exist with legacy materials that still contain the legacy Citi index names.

  • Fresh on the heels of the 2020 Russell Reconstitution, Catherine Yoshimoto shared insights into this process and discussed the centrality of indexes in the investing ecosystem on Seeking Alpha’s Let’s Talk ETFs podcast: Link
    FTSE Russell Fri 24 Jul 2020 14:10

    With 97% of U.S. ETF assets in funds that track an index, and overall assets continuing to grow rapidly, indexing has never been more central to the overall investing landscape.

    Perhaps nowhere is this more apparent than in the months immediately leading up to and following the annual Russell Recon - where companies are added and removed from key benchmarks.

    Catherine Yoshimoto, Director of Product Management at FTSE Russell, joins the podcast to discuss 2020's top trends - and what they mean for investors' ETF portfolios.

  • RT @LSEGplc: HSBC Global Asset Management has selected @FTSERussell for its second wave of Sustainable Equity UCITS ETFs benchmarked to the…
    FTSE Russell Fri 24 Jul 2020 13:45
  • The size factor hasn't mattered as much to investors of late. Philip Lawlor, our head of Global Markets Research, illuminated @Benzinga on the reasons why: Link
    FTSE Russell Fri 24 Jul 2020 13:45
    Advertiser Disclosure The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. The content that follows is for informational purposes only and not intended to be investing advice.
  • RT @GiantETFphisher: Latest Let's Talk ETFs with @FTSERussell 's Catherine Yoshimoto is now live: Link Mega Caps and Tec…
    FTSE Russell Fri 24 Jul 2020 13:30

    With 97% of U.S. ETF assets in funds that track an index, and overall assets continuing to grow rapidly, indexing has never been more central to the overall investing landscape.

    Perhaps nowhere is this more apparent than in the months immediately leading up to and following the annual Russell Recon - where companies are added and removed from key benchmarks.

    Catherine Yoshimoto, Director of Product Management at FTSE Russell, joins the podcast to discuss 2020's top trends - and what they mean for investors' ETF portfolios.

  • We’re delighted to have been shortlisted for the 2020 @PRI_News Awards with our groundbreaking index, FTSE Developed TPI Climate Transition Index, developed in partnership with The CofE Pensions Board and @tp_initiative. Link https://t.co/rUjPT9vOt1
    FTSE Russell Fri 24 Jul 2020 13:10

    Investors have grown increasingly more sophisticated when it comes to understanding of the risks and opportunities arising from climate change. So have their approaches to capturing these aspects of climate change in their portfolios. The market has taken evolutionary steps as it has developed from relatively simple risk-based implementation options—such as creating "ex fossil fuel" or "low carbon" portfolios—to approaches that also capture the potential upside from the transition to a low carbon economy,  e.g. via increased exposure to the global green economy.

    Up to now, the missing piece has been a robust, data driven approach to capturing the forward-looking aspects of corporate efforts to adjust their businesses for the climate transition.

  • Our COP26 Webinar Series asks key climate investment questions. Here speakers from @BNPPAM_COM @FTSE Russell, the European Commission and @GFI_green ponder if the COVID crisis is an obstacle or impetus for climate strategies Link. More to come in September. https://t.co/vzmn940x7x
    FTSE Russell Fri 24 Jul 2020 12:40

    For investors concerned about climate change it’s the number one question: what impact will the Covid-19 pandemic and the massive economic and social response to it have on efforts to address the growing climate emergency? The answer, from speakers our  recent London Stock Exchange and Principles for Responsible Investment webinar, was unambiguous.

    “The ultimate outcome of this pandemic will be indeed to accelerate the energy transition,” said Mark Lewis, Global Head of Sustainability Research at BNP Paribas Asset Management. “The structural pressures that have been bearing down on the fossil fuel energy industry with increasing force over the last three or four years will still be there as we come out of lockdown.

    “And these structural pressures will be exacerbated by behavioural changes that we've had to make during the lockdown,” he said, which will impact demand for fossil fuels generally and for oil in particular. 

    Lewis went on to set out...

  • Could we get much higher? Amid the relentless ascent in global equity valuations since March, US stocks have soared highest. What does historic data suggest about their trajectory? Read our blog: Link https://t.co/MjRAb35abj
    FTSE Russell Thu 23 Jul 2020 15:19

    By Philip Lawlor, head of Global Investment Research

    Amid the relentless ascent in global equity valuations since March, none has soared as high as those of US stocks.

    As shown below, the Russell 1000 multiple is up more than nine points from its March low, far outdistancing the average five-point gain for its developed peers. At a forward PE of 22.9×, the Russell 1000 is near a 15-year peak and has further widened an already huge premium to those of other developed markets, which have converged around 15-16×.

    Regional 12-month forward price/earnings ratio (×)

    Source: FTSE Russell / Refinitiv. Data as of July 15, 2020. Past performance is no guarantee to future results. Please see the end for important disclosures.

    As the chart below illustrates, multiple expansion has been the major driver of the risk rally that began in late March. It has occurred despite double-digit declines in forward EPS forecasts for most markets over the same...

  • Sweet and sour. Investor sentiment is favouring Emerging Market equities over Developed, even as COVID19 spreads. Why? Our blog explains: https://t.co/PwNaARnCiC Link https://t.co/OQlpfLEBdp
    FTSE Russell Wed 22 Jul 2020 17:48

    By Philip Lawlor, head of Global Investment Research

    Our research shows investor sentiment toward emerging and developed markets has decoupled, coinciding with the recent stretch of EM outperformance. What's behind this unusual divergence?  

    Select FTSE Russell Composite Sentiment Indicator (CSI) Z-scores

    Source: FTSE Russell / Refinitiv. Data as of July 15, 2020. Past performance is no guarantee to future results. Please see the end for important disclosures.

    Our proprietary Composite Sentiment Indicators use Z-scores ranging from 1 (extremely oversold/confident) to 5 (extremely overbought/fearful) to measure how much a current reading is above or below the long-term average. We monitor extreme high or low CSI readings for clues of possible turns in market direction.

    After peaking at levels of high optimism (above 4) in late January, CSI scores for the Russell 1000, FTSE World ex USA and FTSE Emerging all plunged to extreme...

  • FTSE Russell experts shed light on second quarter equity market factor drivers in a recent report and webinar. Highlights and a playback link in the latest FTSE Russell Index IDEA. Link
    FTSE Russell Wed 22 Jul 2020 14:13

    Quality and Profitability market factors have continued to lead US equity markets this year, despite a brief rally in Size during the second quarter, according to our most recent factor insights.

    Philip Lawlor – managing director, Global Markets Research, FTSE Russell: “In uncertain times, investors continue to gravitate toward healthy US companies with strong balance sheets, low debt and high relative profitability. And, as the COVID-19 recovery story started to lose some of its luster—or at least its immediacy—in June, the short-lived outperformance in the Size factor waned. Adding additional support to this story, Quality has benefited from its relative overweight to the technology and healthcare sectors and significant underweight to financials while Profitability was strengthened in the second quarter by balance sheet accruals.”

    Quality and Profitability Bias Perseveres Despite Q2 Risk Rally

    Quality and Profitability leadership held strong through...

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