Perspectives on industry challenges and opportunities affecting you and your clients.
Below are our five most recent Knowledge Center materials. To view all materials, as well as filter by the markets we serve and by material type, please visit our Knowledge Center Archive.
While some still regard exchange traded funds (ETFs) as passive, beta-indexing tools for basic market exposure, the rise of active management in the ETF space may well be the industry’s next evolutionary step. [... More]
Economic growth showed measured improvement globally, and inflation remained below target in most regions. Most major bond markets—U.S., U.K., Japan and the eurozone—saw government bond yields fall, while global equity markets were again positive. While not as robust early in 2014 as they were last year, we believe equities have held up quite well in the face of political tensions and emerging-market growth concerns. [... More]
A careful definition of both risk and reward is at the heart of SEI’s strategic asset-allocation process.[... More]
We adopt a total portfolio approach, which gives the asset allocation process the degrees of freedom necessary to harness the full power of diversification. This approach employs a flexible optimisation framework, where several perspectives—including forward-looking assumptions and empirical data—and several types of efficiency metrics influence the overall asset allocation. By using a more adaptable optimisation framework, including alternatives to the mean-variance framework, and a total portfolio approach, investors’ goals and attitudes about risk can be reflected in the portfolio construction.
For the twelve month period ending 31 March, global high-yield debt performed particularly well, while emerging-markets debt and global government bonds suffered declines. Despite recent volatility, especially within emerging markets, the MSCI AC World Index remains near an all-time high.
Today's economic and regulatory climate has placed a tremendous burden on investment managers to provide increased financial reporting and transparency to both regulators and investors. [... More]