The evolution of the fixed income tradable ecosystem: North American and European credit markets
Fixed income tradable indices are designed to provide an efficient means to measure the bond market. This paper offers an introductory reference for these instruments and highlights their performance in recent market periods. While some of these instruments measure similar market segments, each…
SPIVA® U.S. Scorecard
The latest SPIVA Scorecard provides an update on the active versus passive investment debate. Declining markets can make active management skill more valuable--and in 2022 there were several fund categories in which a majority of active managers outperformed. However, in US large-cap equities, a…
Basel IV and the butterfly effect: a lesson in unintended consequences
This white paper delves into the impact of Basel III/Basel IV on the banking industry, explaining the increase in regulatory capital, reduction of free capital and decrease in profitability.