Name: Global factor behavior: winners & losers in Q3, for an audience in APAC
Start: 2021-10-20T06:00:00Z
End: 2021-10-20T06:26:16.000Z
Location: BrightTALK
Rating: 0

FTSE Russell is a leading global provider of benchmarking, analytics and data solutions for investors, giving them a precise view of the market relevant to their investment process. A comprehensive range of reliable and accurate indexes provides investors worldwide with the tools they require to measure and benchmark markets across asset classes, styles or strategies.

During the tumult of 2022, the Value factor prevailed while Quality struggled.

Most factors fared better than their respective benchmarks in the 2022 rout, with robust Q4 rebounds extending Value/Yield leadership. Though a modest outperformer in most markets, Quality generally trailed other factors. 

Tech, Energy and Financials stocks called the shots. Differing exposures to Energy, Financials and the ‘tech wreck’ were among the biggest return drivers, helping Value and Yield and weighing on Quality.

Is the Quality factor set to bounce back in 2023?

Join experts from LGIM’s ETF team and FTSE Russell as they discuss:
• What it means to invest in a quality company
• The Russell 2000 0.4 Quality Target Exposure Factor Index
• Perspectives for US small-cap equities
• Potential benefits of investing into the index via an ETF

Presenters:
• Elisa Piscopiello, CFA, ETF Analyst, LGIM
• Aude Martin, Senior ETF Investment Specialist, LGIM
• Ryan Giannotto, CFA, Manager Equity Index Research, FTSE Russell

About the Index:
The Russell 2000 0.4 Quality Target Exposure Factor Index is a benchmark designed to maintain a constant level of targeted active factor exposure against the Russell 2000 Index at review date.
The Index follows a consistent and transparent construction methodology in order to achieve controlled exposure to its targeted factor while avoiding any off-target factor exposure and respecting levels of diversification and capacity. The index also seeks to maintain industry neutrality.

FTSE Russell has licensed the Russell 2000 0.4 Quality Target Exposure Factor Index to serve as benchmark of the L&G Russell 2000 US Small Cap Quality UCITS ETF.

**Please note that this webinar is addressed exclusively to investors in the EU, the UK and/or jurisdictions where Legal & General Investment Management ("LGIM") products are approved for distribution.**

Quality that counts: Analysing the Russell 2000 Quality Index, with LGIM

After enjoying the smooth ride for many years, fixed-income investors are suddenly faced with the risks associated with rising interest rates. Despite a rapidly changing fixed-income environment, there is a path forward for bond investors. By using a rules-based investment approach typically employed in active portfolio construction, investors can improve risk-adjusted returns in the fixed-income markets. 
In the following webcast, Goldman Sachs Asset Management, Jane Street, and FTSE Russell will outline the risks that fixed-income investors face today and highlight research led bond fund strategies that could help advisors position well for today’s unusual bond market.

Topics will include:

- An overview of the macroeconomic fixed-income outlook.
- A Highlight of Goldman Sachs Access ETFs that track FTSE Goldman Sachs fixed-income indices.
- How a painful repricing in the fixed-income market could clearly benefit specific strategies like short-dated, high-income.
- How a barbell approach could be used to lengthen duration and mitigate risk.
- Considerations for trading Fixed Income ETFs in a dynamic rate environment.

**Please note that this webinar is addressed exclusively to investors in the US and/or jurisdictions where Goldman Sachs Asset Management ("GSAM") products are approved for distribution. In the course of arranging this event, FTSE Russell (Frank Russell Co, LSEG) will use the personal information you provide us for the purposes of organizing the event, except where you consent to receiving marketing communications from us. If you register for this event, you acknowledge that FTSE Russell (Frank Russell Co, LSEG) may pass your information to the event partner GSAM and relevant subcontractors for the purposes of carrying out the event. GSAM will be a separate data controller of any personal information received from FTSE Russell (Frank Russell Co, LSEG). For more information on how GSAM use your data, see their Privacy Policy available at gsam.com.**

Bonds are Back - What's in Your Index?

• Which equity factors fared best in last year’s rout? which ones failed?
• What industries had the greatest impact on performance in the Q4 rally and for the full year?
• What factors diverged from global patterns and why?
• Where did factor valuations stand at the beginning of 2023?

Join our Global Investment Research team for its quarterly deep-dive into global and regional equity factors. Get actionable insights on performances, industry exposures, rotation drivers and macro sensitivities, and hear answers to questions such as these and more.

The discussion will draw upon key findings from our quarterly Market Maps Equity Factor Insights report, published shortly before this webinar.

Equity Factors: Value throws a lifeline in the 2022 tumult

• Which equity factors fared best in last year’s rout? which ones failed?
• What industries had the greatest impact on performance in the Q4 rally and for the full year?
• What factors diverged from global patterns and why?
• Where did factor valuations stand at the beginning of 2023?

Join our Global Investment Research team for its quarterly deep-dive into global and regional equity factors. Get actionable insights on performances, industry exposures, rotation drivers and macro sensitivities, and hear answers to questions such as these and more.



The discussion will draw upon key findings from our quarterly Market Maps Equity Factor Insights report, published shortly before this webinar.

Equity Factors: Value throws a lifeline in the 2022 tumult (APAC time)

It’s been a bumper decade for venture capital (VC) with steadily rising markets and low-interest rates; perfect ingredients for stellar returns. But where are we now in the cycle and what’s the best way to think about VCs today? Ian Sigalow is a Co-Founder and Managing Partner at Greycroft and walks us through the current state of play while also giving us his insights into topics such as the outlook for inflation and deglobalization.

The outlook for VCs remains bright | Ian Sigalow | FTSE Russell Convenes

The US market is evolving. Investors are looking for greater precision in their investment decision-making. This requires new approaches to indexing and even more precise tools to support risk-focused investment strategies.

The new Russell Fixed Income index suite, a complement to our flagship Russell US equity indices, is designed for investors requiring more precision allocation to track the US domestic corporate bond market.

Join our upcoming webinar as our panel of FTSE Russell subject-matter-experts discuss the US investment landscape and offer a timely solution for an evolving market. In particular:
• What has changed and why US corporates are relevant in the current climate
• How FTSE Russell’s new fixed income indices provide a solution to prevailing investor challenges
• Benefits of alignment with our flagship US Russell equity series 

Speakers from FTSE Russell: 
• Indrani De, Global Head of Investment Research
• Catherine Yoshimoto, Director, Equity Product Management & Benchmark Product Development
• Lena Katsnelson, Senior Manager, Fixed Income and Multi-Asset Index Product Management
• Moderator: Marina Mets, Head of Americas, Fixed Income and Multi-Asset Index Product Management

Introducing Russell Fixed Income Index Series

In the latest episode of FTSE Russell Convenes, Laura Starks, Professor of Finance at the McCombs School of Business at The University of Texas at Austin, discusses the trade-offs we will have to make to reduce our reliance on oil and gas, which factors impact investing behaviours and how ESG investing has evolved since she started teaching the subject in 2011.

Where are we with ESG? | Laura Starks | FTSE Russell Convenes

What exactly are indices and how do they work? In the latest episode of FTSE Russell Convenes, David Sol, Head of Policy at FTSE Russell, discusses how the methodologies underpinning indices are assessed and evolve, and what indices investors are most interested in today.

How do indices really work? | David Sol, FTSE Russell | FTSE Russell Convenes

Sustainable investment has been an active area over the past few years with investor interest, regulator focus, strong performance and fund inflows. However 2022 has seen more volatility, and despite continued market interest we have seen a degree of underperformance and fund flow flattening. 

Join this upcoming webinar as our panel of FTSE Russell and LSEG sustainable investment experts discuss:

• What has been driving the direction and condition of the sustainable investment market in 2022?
• How have sustainable investment indices performed?
• How does this downturn look compared to previous market downturns in the sustainable investment market?
• To what extent has this impacted fund flows and investor plans?
• What do investors in sustainability need to consider in these market conditions?

Speakers:
Lee Clements, Head of Applied Sustainable Investment Research, Global Investment Research – FTSE Russell
Dewi John, Head of Research, UK & Ireland – Refinitiv Lipper
Moderator: Zarina Nasib, Senior Product Manager, Sustainable Investment – FTSE Russell

Sustainable Investment in an Uncertain Climate

Following a challenging 2018, markets enjoyed three years of exceptional growth not seen since the late 1990s. Built on a foundation of low interest rates and inflation, growth and momentum were unbeatable factors in this three-year period. Today, in the face of higher and rising interest rates and high inflation, lower volatility and value factors have outperformed. Going forward, which factor will outperform the others?

In 2017, FTSE Russell and Invesco have developed a set of dynamic multi-factor indices. The indices verse as benchmarks to Invesco ETFs, providing investors with a diversified factor approach across equity risk premia factors according to the economic environment and overall financial market conditions.

Please join market experts from Invesco and FTSE Russell as they discuss:
- Overview of the FTSE Invesco Dynamic Multi-factor Index Series and its 5-year performance
- The case for a dynamic, macro-driven approach
- Dynamic multifactor applications and Invesco’s Dynamic Multifactor ETFs



**Please note that this webinar is addressed exclusively to investors in the US and/or jurisdictions where Invesco’s products are approved for distribution. In the course of arranging this event, FTSE Russell (Frank Russell Co, London Stock Exchange Group) will use the personal information you provide us for the purposes of organizing the event, except where you consent to receiving marketing communications from us. If you register for this event, you acknowledge that FTSE Russell (Frank Russell Co, London Stock Exchange Group) will pass your information to the event partner Invesco and relevant subcontractors for the purposes of carrying out the event. Invesco US will be a separate data controller of any personal information received from FTSE Russell (Frank Russell Co, London Stock Exchange Group). For more information on how Invesco use your data, see their Privacy Policy available at Invesco.com.**

Exploring the potential benefits of a multifactor approach

Pension plans have long been restricted by what they can invest in, but one area in particular is becoming more accessible and will continue to gain attention. As the Founder and President of DCALTA (Defined Contribution Alternatives Association), Jonathan Epstein is perfectly placed to walk us through how investing in alternative investments, such as private equity, is growing and is not looking to slow down anytime soon.

Alternative investing will keep on rising | FTSE Russell Convenes

Investing is all about looking into the future and making calculated risks about what it might look like. An overlooked approach to all of this is to make a calculated guess about what investors will look like in the future; after all, they are the ones who are going to decide what is valuable and what isn’t. For insight into this assertion, we spoke with award-winning financial economist and Dalton McMichael Distinguished Professor of Finance at the University of North Carolina Kenan-Flagler Business School, Jennifer Conrad. Watch as she explains not the future of investing, but what we might expect from future investors.

Today's education in finance | Jennifer Conrad | FTSE Russell Convenes

In this episode of FTSE Russell Convenes, Han Yik, Former Head of Institutional Investors at the World Economic Forum, discusses what he calls the Pension Time Bomb: despite life expectancy surpassing what it was in the US in 1935, the set retirement age has yet to budge meaningfully since. What options are there to combat this issue, and why are governments hesitating to take action?

The pension time bomb | Han Yik | FTSE Russell Convenes

In theis episode of FTSE Russell Convenes, Richard Peterson, Chief Executive Officer of MarketPsych, discusses how narratives impact financial markets, how our minds influence investment decisions and which types of biases influence professional investors.

Finding the narrative in markets | FTSE Russell Convenes

Parsing the past decade of developed vs emerging-market performance.

A closer look into the FTSE Global Equity Index Series (GEIS), with Vanguard.

- Refresher on GEIS methodology; latest index rebalancing (September)
- The state of global equity markets through the lens of FTSE GEIS
- Global equity market performance, regional valuations, and EPS growth comparisons
- Regional shifts captured through the semi-annual global equity index review process

Parsing the past decade of developed vs emerging-market performance

In this episode of FTS Russell Convenes, Wayne Wicker, Chief Investment Officer at MissionSquare Retirement, discusses how to navigate through the current market environment, if appetite will grow towards alternative and digital assets, and the key drivers to look out for in the next six to twelve months.

Why having a long-term view is key | Wayne Wicker | FTSE Russell Convenes

Hear actionable insights on global and regional equity factor performances, sector exposures, rotation drivers and macro sensitivities in the third quarter. 

We will discuss:

• Factors that held up best in the troubled global markets of Q3, and those which failed
• The industries that had the biggest performance impact
• The drivers of the divergent behaviour of some factors from global patterns
• Where factor valuations stand today

Our discussion will draw upon key findings from our quarterly Market Maps Equity Factor Insights report, available from the 'Attachments' section.

Equity factor behaviour during the Q3 market turmoil

Hear actionable insights on global and regional equity factor performances, sector exposures, rotation drivers and macro sensitivities in the third quarter. 

We will discuss:

• Factors that held up best in the troubled global markets of Q3, and those which failed
• The industries that had the biggest performance impact
• The drivers of the divergent behaviour of some factors from global patterns
• Where factor valuations stand today

Our discussion will draw upon key findings from our quarterly Market Maps Equity Factor Insights report, which you can download from the 'Attachments' section

Equity factor behaviour during the Q3 market turmoil (for an audience in APAC)

Join FTSE Russell’s Global Investment Research team for expert analysis and strategic insights on factor behavior and valuations, and answers to the following questions:

•  Which factors benefited from rising inflation expectations and bond yields during the quarter — and which faltered?

•  Where were the biggest divergences in factor behavior regionally?

•  What impact did shifts in industry performance over the quarter affect factor preferences within and across regions?  

The discussion will draw upon key findings from our quarterly Market Maps Regional Factor Indicator report, being published shortly before the webinar.

Supported by the CFA Institute this webinar qualifies for 0.5 CE credit under the guidelines of the CFA Institute Continuing Education Program

Global factor behavior: winners & losers in Q3, for an audience in APAC

Factor Investing

Equities

Macro Economics

Smart Beta

Asset Allocation

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Global factor behavior: winners & losers in Q3, for an audience in APAC

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