KNOWLEDGE CENTRE

You’ll turn to the Knowledge Centre again and again for credible, authoritative analysis, extending beyond the “what” to the “how.”

The Knowledge Centre Archive allows you to filter materials by the markets we serve and by material type.

 

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  • Jul
    28
    2014

    Japan: Value Trap or Opportunity

     Japanese equity markets have stalled following a strong rally in 2013. The short-term outlook for Japanese equities is generally positive, but faces challenges. We are optimistic on the long-term prospects for Japan and are evaluating the opportunities.

    [... More]

  • Jul
    24
    2014

    Poll Results: Non-Profit Investment Challenges 2014

    This poll gauges the current investment challenges, concerns and priorities facing executives of foundations and endowments [... More]

  • Jul
    23
    2014

    The Ongoing Conflict in Eastern Ukraine

    The situation in eastern Ukraine has continued to deteriorate, and resolution remains a long way off. It’s not yet clear if the recent downing of a civilian aircraft will serve to escalate or de-escalate the conflict. Our Funds remain well diversified, and both SEI and its managers are watching developments closely.

    [... More]

  • Jul
    16
    2014

    Behavioural Finance: Rules of Thumb and Representativeness

    In Behavioural Finance: An Introduction to Human Error, we noted that Kahneman and Tversky were smart academics who found many ideas for their social science experiments in the mistakes that they themselves made as well as the mistakes that their intelligent colleagues and subjects made. Kahneman and Tversky noted some rules of thumb that often lead investors astray. [... More]

  • Jul
    14
    2014

    De-Risking Strategies for Pension Plan Sponsors

    In this white paper, SEI expert Tom Harvey examines 820 firms to find investment strategies unchanged despite improved funding levels in 2013. [... More]

  • Jul
    11
    2014

    Second Quarter 2014 Market and Performance Update

    Uneven worldwide economic growth has resulted in global monetary policy at various stages of ebb and flow. Global inflation pressures may begin to weigh on accommodative central banking. Most developed-market equities continue to see earnings growth. A turnaround in Europe is one of the keys to global market performance in the months ahead.

    [... More]

  • Jul
    11
    2014

    Economic Outlook: And the Music Plays On

    Equity markets are sitting at record highs and bond markets continue to defy gravity. The big question should be obvious: how much longer can it last?

    While developed market equity valuations are somewhat elevated and credit spreads narrow, we think it’s premature to adopt a strongly defensive investment stance. The global economy continues its slow recovery process, and there has rarely been a time when the world’s central banks have been as active in their efforts to support economic recovery and growth as they are presently.

    [... More]

  • Jul
    9
    2014

    OCIO: A Cure For Fiduciary Fatigue

    Read four reasons why investment outsourcing makes fiduciary good sense. [... More]

  • May
    12
    2014

    April 2014 Monthly Market Commentary

    Economic growth remains mixed across the globe, and inflation was tame in most regions. Most major bond markets—U.S., Canada, U.K., Japan and the eurozone—experienced a modest decrease in government bond yields. Global equity markets showed impressive resiliency and were again positive. While global equity markets have not been as robust early in 2014 as they were last year, we believe they have held up quite well in the face of political tensions and emerging-market growth concerns. [... More]

  • May
    6
    2014

    Optimal Pension Management

    While solid market returns and higher fixed-income yields in 2013 helped to improve funding levels, pensions are not yet out of the woods. Read how optimal pension management helps support the health of the pension plan and sponsoring organization's policies. [... More]

  • May
    5
    2014

    Russia - Balancing the Risks against the Realities

    Russian involvement in Ukraine’s political upheaval has escalated since the beginning of 2014, fostering a diplomatic conflict with Europe and the U.S. Developments on the ground in Ukraine indicate a complex and volatile situation that seems likely to persist for some time. For global investors, the situation shines a light on the constant need to assess a wide variety of risks while balancing them against long-term return objectives. [... More]

  • Apr
    29
    2014

    Tackling the De-Risking Decision

    The decision of whether or not to de-risk a DB pension portfolio has become a key consideration for many plan sponsors. A new white paper, "Tackling the De-Risking Decision," explores the issues involved.

    [... More]

  • Apr
    8
    2014

    First Quarter 2014 Market and Performance Update

    Optimism continued in advanced economies, while emerging economies faced multiple challenges. Easing of inflation pressures around the world should keep global monetary policies accommodative. Global equities reached positive territory by quarter end, while fixed income gained as interest rates generally fell.

    [... More]

  • Apr
    7
    2014

    An Economic Thaw, but a New Cold War

    Global stock markets bounced higher following a brief dip in the latter part of January, with the U.S. leading the way. The ability of equities to quickly overcome periodic stumbles (in the U.S. and other developed markets, at least) underscores investors’ willingness to assume risk even when economic and geopolitical uncertainties are on the rise. The fact that developed market equity pullbacks remain brief and shallow suggests that the rotation out of cash and fixed-income assets and into stocks is still very much in play. 

    [... More]

  • Mar
    28
    2014

    Outsourced CIOs: The Interrogation

    What questions are institutional investors asking during their search for a discretionary provider? Listen in to this Q&A panel to get answers to important questions that your peers asked the experts. [... More]

  • Mar
    11
    2014

    February 2014 Monthly Market Commentary

    Economic data remained mixed in the U.S., despite some positive forward-looking indicators. Ongoing strength was seen in the U.K. and Japan, along with pockets of both resilience and weakness in Europe. Global bond yields were generally steady in the month following a resetting of levels in January. Global equity markets strongly rebounded as investor optimism was particularly strong across European markets.With positive economic growth in Europe and solid earnings reports from U.S. companies, there is plenty of optimism that 2014 will be a decent year.

    [... More]

  • Mar
    4
    2014

    Escalating Turmoil in Ukraine

    The Russian-backed President of Ukraine has been ousted. Russia has significantly expanded its military presence in the Crimea region in southeastern Ukraine. SEI Funds have little direct exposure to Ukraine and modest exposure to Russia.

    [... More]

  • Feb
    13
    2014

    Video: Bernanke Passes the Torch: A Change in Leadership but Probably Not Policy

    There is no question that Bernanke has made his mark, and key among them was his efforts to keep the U.S. economy afloat through three iterations of bond buying. There were also a variety of facilities crafted under his guidance to maintain market liquidity—the ease with which a holding can be bought or sold.—and keep the economy and financial markets working in an orderly fashion.

    [... More]

  • Feb
    7
    2014

    Volatility is...Normal

    Concerns surrounding the pace of Chinese growth, the impact of reduced quantitative-easing stimulus and the health of corporate earnings culminated in a sudden shift of investor sentiment last week. SEI is maintaining its favorable view of emerging equities, as we believe catalysts will materialize that should improve the outlook for the asset class. While emerging and developed equities have struggled out of the gate in 2014, we do not believe the elements of a more serious equity bear market are in place.

    [... More]

  • Feb
    7
    2014

    January 2014 Monthly Market Commentary

    The monetary policies of global central banks remain accommodative and are expected to continue as such, while global growth builds momentum. Concerns related to the U.S. Federal Reserve tapering of bond purchases, sustainability of corporate profits and Chinese output resulted in a pullback in global equities, while global fixed income gained. SEI does not believe the elements of a more serious equity bear market are in place. The most important drivers of stock-market performance in our framework are still flashing neutral-to-positive signals.

    [... More]

  • Dec
    9
    2013

    7th Annual Global LDI Poll

    The Pension Management Research Panel conducted its 7th annual liability driven investing poll (LDI). It examines the extent to which pension strategies are implementing LDI.

    [... More]

  • Dec
    6
    2013

    November 2013 Monthly Market Commentary

    Accommodative monetary policies by most global central banks remain in place, with the European Central Bank taking additional steps to aid the eurozone’s recovery. Global fixed-income markets dipped, with emerging market debt retreating much more than investment-grade bonds.  Global equities generally gained, led by the traditional growth sectors of health care, information technology and consumer discretionary.

    [... More]

  • Nov
    11
    2013

    October 2013 Monthly Market Commentary

    Global central banks maintained accommodative monetary policies in an effort to stimulate economic growth. A temporary U.S. government shutdown did not derail the year-to-date rally in global equity markets. Global fixed-income and equity markets were positive for the month, with equity’s leadership supported by the rebound in emerging-market equities.

    [... More]

  • Oct
    22
    2013

    Should You Consider Investment Outsourcing?

    Determine whether you could benefit from an investment outsourcing partner by reviewing these key challenges.

    [... More]

  • Oct
    15
    2013

    Third Quarter 2013 Market Commentary

    The quarter ended with the focus firmly on the U.S. and its upcoming fiscal negotiations. The global fixed-income and equity markets faltered in August, but gained for the quarter as a whole.

    [... More]

  • Oct
    10
    2013

    Poll Results: Non-Profit Governance Practices

    As the demand for accountability increases, the need for a clearly defined governance structure is heightened. The Non-Profit Management Research Panel recently conducted a Quick Poll to help investment committee members and financial professionals understand governance structure challenges and trends within non-profit organizations.

    [... More]

  • Oct
    2
    2013

    Economic Outlook: The Fed Goes Taperless

    The Portfolio Strategies Group recently released its third-quarter 2013 Economic Outlook. Outside the U.S., less-bad economic data is coming out of the eurozone, with the bulk of the improvement in the consumer and business sentiment numbers and in the purchasing manager surveys.

    [... More]

  • Sep
    11
    2013

    August 2013 Monthly Commentary

    Generally positive economic news from developed countries helped set the tone for the month, while reassurance from the U.S. Federal Reserve calmed markets and suppressed volatility. Global fixed-income and equity markets recovered from the May/June swoon, with equities maintaining their edge.

    [... More]

  • Aug
    7
    2013

    Video: Nonprofit Spending Policy Review

    Determining the right level of spending can be a challenge for many nonprofit organizations. SEI expert Mary Jane Bobyock reviews key methodologies around nonprofit spending in this short video.

    [... More]

  • Jun
    27
    2013

    The Current Landscape of Non-profit Spending

    With increased complexities in the non-profit market-place, finding the right level of spending can be a challenge. A quick poll with over 300 non-profit leaders, finance executives, and investment committee members reveals the spending rates and methodologies for foundations and endowments in North America.

    [... More]

  • May
    23
    2013

    Enterprise Pension Risk

    Pension plan sponsors take into consideration a host of factors when creating long-term investment strategies. However, a crucial variable is often missing – the corporate risk profile. This paper outlines important considerations when creating long-term pension strategies.

    [... More]

  • Mar
    14
    2013

    A Closer Look at Active Share in Multi-Manager Portfolios

    Active share is still a relatively new concept in investing and is thought by some to be a reliable proxy for investment manager skill. Unfortunately, some proponents misconstrue the concept by arguing that diversified funds with lower tracking error and more holdings have reduced opportunities for outperformance. We disagree with this notion.

    [... More]

  • Feb
    15
    2013

    Don’t Discount the Dividends

    Most investors are aware that bonds are typically a stable source of income with less risk of capital, while stocks are an excellent option for portfolio growth. What some investors fail to realize, however, is that stocks can also be a source of current income—in the form of dividends.

    [... More]

  • Jan
    16
    2013

    2013 DB Pension Management Priorities

    With 2012 behind them, plan sponsors are evaluating their top pension strategies for the upcoming year. The Pension Management Research Panel conducted its annual Plan Sponsor Outlook quick poll to examine the goals, challenges and strategies that are top of mind for corporate pension plan sponsors at the start of 2013.

    [... More]

  • Nov
    27
    2012

    De-Risking Through Dynamic Asset Allocation

    After a decade of declining interest rates and volatile markets, many plan sponsors are de-risking their DB pension plans through a variety of strategies. Dynamic asset allocation is one such strategy whereby return-seeking equity exposure is strategically shifted to liability-hedging bonds. [... More]

  • Nov
    16
    2012

    Video: Presidential Election Impact and Post-Election Challenges

    With the campaign season now in the rearview mirror, the U.S. economy turns its attention to some of the challenges that await. [... More]

  • Nov
    15
    2012

    Poll Results: The 6th Annual Global LDI Poll

    Stricter funding requirements, volatile capital markets, and fluctuating pension liabilities have led sponsors to consider implementing Liability Driven Investing (LDI) strategies. The Pension Management Research Panel conducted its 6th annual LDI poll that examines how perception, implementation, and use of LDI has changed. [... More]

  • Nov
    9
    2012

    U.S. Election Results: Similar Configuration, Same Challenges

    After a long, gruelling and occasionally bitter campaign, Election Day in the U.S. has finally come and gone. President Obama won re-election, the Democratic Party added marginally to its majority in the Senate, and the Republican Party retained control of the House of Representatives. The immediate political challenges facing the country—most notably the “fiscal cliff,” a package of federal tax hikes and spending cuts scheduled to occur early in 2013—have been apparent for over a year. The divided government must address long-term budget concerns without derailing a multi-year but still-fragile economic recovery. How effectively the President and current or subsequent Congress deal with these challenges remains to be seen. [... More]

  • Oct
    16
    2012

    Evaluating Outsource Investment Solution Providers

    An increasingly complex and challenging investment environment has motivated pension plan sponsors to consider more comprehensive approaches for managing their defined benefit plans and fulfill their fiduciary duties.

    [... More]

  • Sep
    14
    2012

    Poll Results: Managing Pensions Mid-Year 2012

    Pension plan sponsors faced a challenging first half of 2012, with ongoing market volatility and record low interest rates. The Pension Management Research Panel conducted its 5th annual mid-year update poll to determine investment challenges and strategies, and their impact on pension management. [... More]

  • May
    10
    2012

    Goals-based Investing: Aligning Life and Wealth

    Goals-based investing offers a powerful tool to help steel clients against market fear and uncertainty by better managing human preferences, biases and behaviours that can undermine their financial success. By helping clients invest according to their unique needs, desires and time horizons in a way that encourages them to look beyond intermittent market volatility, financial advisors can differentiate themselves from the crowd and improve their own odds for long-term success. [... More]

  • Apr
    24
    2012

    Demystifying De-risking

    How many plan sponsors have a mechanism in place to identify and quickly exploit opportunities found on the marketplace? Funding volatility is high and chances to capitalize on upside and mitigate downside scenarios are missed at DB plans’ peril. It is against this backdrop that de-risking has become a much discussed investment strategy in the pension world. [... More]

  • Feb
    14
    2012

    The Five Stages of Greece

    Consistent with the Five Stages of Grief model, we believe that the ‘fifth stage of Greece’ will involve acceptance, by the troika and Greece and that the latter must depart from the single-currency union. We do not believe that departures by Greece or other periphery nations will lead to the collapse of the eurozone, however. [... More]

  • Feb
    8
    2012

    Poll Results: The Top 10 Priorities for North-American DB Plan Sponsors in 2012

    The Pension Management Research Panel conducted its 3rd annual Quick Poll asking North-American pension plan sponsors to identify their organization's top investment priorities and challenges for the upcoming year. [... More]

  • Dec
    7
    2011

    Poll Results: More Sponsors Using LDI than in Past Years

    The SEI Pension Management Research Panel conducted the 5th Annual Global Quick Poll on LDI. The poll reviews the current state of LDI, including the adoption of the strategies and the increase in sponsors now using the strategies. The poll results also review the goals and objectives of those pension plan executives using LDI. [... More]

  • Aug
    17
    2011

    A Brief History of Market Turbulence

    Economic and financial crises have been a regular feature of monetary economies throughout history. While no two have been exactly alike, they tend to share some common characteristics. Read about some key lessons that investors can take away from such comparisons. [... More]

  • Mar
    22
    2011

    Tackling Transparency: How Transparency Can Rebuild Trust

    What is trust? How is it constructed, demonstrated and delivered? In times of crisis, wealth managers know the importance of communicating with their clients to build trust. [... More]

  • Mar
    16
    2011

    Japan: Too Early to Tell

    Japan, the third-largest economy in the world, has endured earthquakes, a tsunami and multiple nuclear reactor failures. The long-term downstream consequences will not be clear for quite some time. Gross domestic product (GDP) will be negatively impacted in the short term, but rebuilding should help economic activity rebound. [... More]

  • Feb
    10
    2011

    Oil, Water, Food and Money: A Macro View of Political Tensions

    Ongoing political turmoil in Egypt led to the temporary closure of that country’s stock market and banking system and sparked a short-term flight-to-quality move in the bond markets (with investors buying U.S. Treasury securities) reminiscent of the eurozone crisis. [... More]

  • Oct
    5
    2010

    Comparing Recessions: U.S. "Great Recession" vs. Japanese "Lost Decade"

    A spate of economic data raised concerns that the U.S. economy is facing a “lost decade” like the one Japan experienced from 1991-2001. While we see similarities, a closer look reveals significant differences which we believe ultimately render them uncomparable. [... More]

  • Nov
    17
    2009

    Poll results: Globally, LDI Has Entered the Mainstream

    This poll examines how feelings around LDI strategies have changed over the past three years. [... More]

  • Oct
    31
    2009

    Strategic Management

    As a result of last year’s market turmoil, plan sponsors need to revisit their asset allocation and liabilities. [... More]

  • Aug
    24
    2009

    Poll Results: Market Turmoil Drives Change for DB Plans Around the World

    The Pension Management Research Panel conducted a global Quick Poll with a goal of determining what changes pension executives are currently making and what the expectations are moving forward. [... More]

  • Feb
    25
    2009

    Poll Results: How Are Pensions Around the World Responding?

    The Pension Management Research Panel recently conducted a global Quick Poll of pension executives from five markets, examining the extent of the impact last year had on organizations managing pensions and how they are responding to ongoing worldwide investment volatility. [... More]

  • Feb
    23
    2009

    How Market Turbulence is Impacting Jewish Affiliated Nonprofits

    The Nonprofit Management Research Panel recently conducted a Quick Poll of executives and investment committee members responsible for overseeing investment portfolios for Jewish affiliated nonprofit organizations. The reality is that Jewish affiliated organizations face unique needs and challenges during an extremely demanding period for investment management. [... More]

  • Oct
    27
    2008

    Presidential Elections and the Stock Market

    As volatile as the markets and economy have been, investors wonder what a victory for either candidate might mean to them financially. While that is nearly impossible to predict with any sense of certainty, history can tell us a great deal about how the equity markets have reacted post election. [... More]

  • Poll Results Thank You: Non-Profit Governance Practices

    [... More]