Analysis & Research

Digging into alpha, beta and the endowment model


To gain alpha, institutional investors have many avenues. For large investors, the endowment model has traditionally worked well. However, it can lead to overdiversification and ...

Which DC plan default funds are better for retirement outcomes?


In a world increasingly moving to defined contribution pension plans, an effective default fund is key since many workers won’t make active decisions about the ...

Is more investment choice actually good for DC plan members?


While previous research has indicated that defined contribution pension plan members benefit from a limited number of core investment options because it reduces choice overload, ...

Are liquid alternative ETFs the next frontier for institutional investors?


New research from Greenwich Associates has found that institutional players have allocated US$47 billion to liquid alternative exchange traded funds, comprising a fair chunk of their ...

Do lower carbon portfolios really perform better? 


Some have suggested there could be a return premium to lowering the carbon intensity of a portfolio. By constructing low carbon strategies called decarbonization factors, which ...

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