Most Read on ARX
(December 2020 - February 2021)
ARX is designed to bring together investment professionals in Asia Pacific and other regions to share their views, knowledge and experience, so that they can learn from their peers and thought-leaders. Below are the most often downloaded posts in the last three months.
To browse or search ARX's repository of more than 4,000 posts, select "Research" in the upper left-hand corner of the page.
COVID-19 Impact on Bangladesh Economy
Like in most other nations, the outbreak of COVID-19 pandemic is an unprecedented shock to the Bangladesh economy. The report explores the possible impact of the ongoing pandemic on the broad economy and major industries of the country.
22 June 2020 | LankaBangla Asset Management Co. Ltd.
2021 Real Estate Trends to Watch
COVID-19 has significantly accelerated a number of secular shifts that were already starting to have fundamental impacts on the role real estate plays in the economy as well as investment portfolios. We’ve identified the five key real estate trends.
12 January 2021 | MSCI Inc: Will Robson
WEBINAR: Sustainable Finance and Tropical Forestry
Sustainable finance is crucial in helping to address issues such as climate change, deforestation, or human rights violations, and to rise to the challenge of the Sustainable Development Goals. Tropical timber and pulp products are everywhere and their production carries ESG risks, but the tropical forestry sector and its supply chains have been under-scrutinized.
27 January 2021 | CFA Institute, ZSL SPOTT, CFA Society Singapore | Video: 1 hr 3 min.
WEBINAR: Sustainable and Responsible Investment
Experts from World Bank Malaysia, Bursa Malaysia, Securities Commission Malaysia, MSCI, EPF, CFA Society Malaysia, and CFA Institute discuss industry trends, opportunities and challenges focusing on sustainable and responsible investment practices with a focus on Malaysia's ambition as a sustainability-first nation.
4 February 2021 | Justin Ong, CFA; Tan Sri Abdul Wahid Omar; Firas Raad, PhD; Mary Leung, CFA; Chitra Hepburn, Mohamed Rozani Osman, Salmah Bee Mohd Mydin, Rohaya Mohammad Yusof | Video: 1 hr 45 min.
WEBINAR: The Impact of Covid-19 on Pensions
Industry experts discuss the changes to the 2020 Mercer CFA Institute Global Pensions Index and the diverse efforts by governments across the world to support their communities’ health and finances.
19 January 2021 | CFA Institute | Video: 1 hr 7 min.
The New Financial Paradigm of Risk, Return, and Impact: Presentations from CFA Society Japan Series of Webinars on Impact Investing
Presentations from five CFA Society Japan 2020 webinars on impact investing cover current trends, management techniques, case studies, capital market perspectives, impact evaluation, and the outlook for the future.
3 February 2021 | CFA Society Japan, Fumi Sugeno, Kotaro Sueyoshi, Chunmei Huang, Toshiyuki Imamura, Naoki Chiba, Matt Christensen
WEBINAR: Navigating 2021 - Market Outlook Forum
With COVID-19 being one of the biggest determinants of financial markets over the past year and as we move into 2021, CFA Society Malaysia proudly welcomes you to our panel forum on the market outlook for global and local markets for 2021.
15 January 2021 | CFA Society Malaysia: Faridq Ridzuan, CFA, Woon Khai Jhek, CFA, Yeoh Keat Seng, CFA, Teng Yue Xiang, CFA | Video: 1 hr 39 min.
Do Factors Carry Information about the Economic Cycle?
Part 1: The Investment Clock: Linking factor behavior to the economic cycle
Institutional investors are often faced with the question which factor strategies should be implemented in different phases of the economic cycle. In this paper, we examine how factors behave across economic cycles for the US market.
11 January 2021 | FTSE Russell: Marlies van Boven, PhD
Part 2: New Thinking: Rebooting the Investment Clock
The concept of a normalized cycle has come under pressure after the Global Financial Crisis. FTSE Russell focuses on the new thinking, rebooting the "investment clock" to link factor behavior to secular regime shifts in the US market.
11 February 2021 | FTSE Russell: Marlies van Boven, PhD
Does the Game Stop with GameStop?
The GameStop squeeze on short-sellers is an extraordinary event in markets, where at face value, retail traders and investors have worked together in an attempt to put some of the largest Wall Street institutions out of business.
29 January 2021 | Thomas Kuhn, CFA
Power Generation Industry in Pakistan
Pakistan’s power generation sector comprises facilities in the public and private sectors, whose shares are almost equal. The plants include hydropower, thermal, nuclear, and renewable energy (wind, solar, bagasse/biomass).
1 January 2021 | The Pakistan Credit Rating Agency Limited: Saniya Tauseef, Qurat-ul-Ain
WEBINAR: Global Factor Performance: Is Value's rebound sustainable?
November 2020 was a great month for Value. Are we on the cusp of a sustained Value rotation? What are the catalysts for a sustained Value reversal? FTSE Russel’s Mark Barnes and Marlies van Boven answer these and other questions.
22 January 2021 | FTSE Russell Global Investment Research: Mark Barnes, Marlies van Boven | Video: 20 min.
WEBINAR: The Rise of Decentralized Finance: Disruption or Opportunity?
Decentralized finance (DeFi) – financial products and services based on the blockchain technology – has seen a surge of interest and new developments in 2020. New applications in areas such as lending, insurance, derivatives, and exchanges, expand our understanding of what services DeFi can support. Experts from BCG Platinion and Crypto.com discuss trends, challenges, and opportunities in decentralized finance.
8 December 2020 | CFA Institute, BCG Platinion, Crypto.com | Video: 1 hr 14 min.
A Commitment to Professional Development at Moody's: Case Study
This case study aims to understand the origins and development of an internal CFA community within Moody’s and how the company has become an exemplary employer that supports CFA Institute and CFA® Program.
15 January 2021 | CFA Institute
Why the US Dollar is Losing Trust
We look at the US dollar as a store of value, a settlement currency, its holdings in strategic portfolios, and the US policy decision-making. We find that it has been losing trust within the global financial system it dominates.
8 January 2021 | Thomas Kuhn, CFA
WEBINAR: Practices and Opportunities in Islamic Capital Markets
Capital market practitioners and Islamic finance experts discuss the fundamental principles of Shariah law governing capital markets, opportunities for companies to issue sukuk for funding projects, and more. Part 3 of the Islamic finance webinar series.
15 December 2020 | CFA Institute, CFA Society Indonesia, CFA Society Malaysia, CFA Society Pakistan | Video: 1 hr 32 min.
2021 ESG Trends to Watch
Climate, ESG bubbles, disclosure, social inequality, biodiversity — the topics don’t get much bigger or more systemic. Here’s our analysis of the five ESG trends that will matter most to companies and their investors in 2021.
7 December 2020 | MSCI Inc: Linda-Eling Lee, Meggin Thwing Eastman, Arne Philipp Klug
Is Carbon Risk Priced in the Cross Section of Corporate Bond Returns?
We study the pricing of a firm's carbon risk in the cross-section of corporate bond returns. Contrary to the "carbon risk premium" hypothesis, we find bonds of firms with higher carbon emissions earn significantly lower returns.
12 October 2020 | Tinghua Duan, Frank Weikai Li, Quan Wen
Does ESG Affect Fundamentals?
ESG investing market has shown significant growth over the past decade, and it continues to grow rapidly. It has been proved that systematic analysis of ESG incidents in addition to using traditional ESG scores improves portfolio's returns.
11 December 2020 | Who's Good: Maxim Nam
Blended Finance: Catalysing Bankable Nature Solutions
Bankable Nature Solutions aim to reduce negative pressure on ecosystems, drive sustainability, and generate positive returns. Through blended finance, they create an environment for private investors to adopt a financially self-sustaining approach.
11 December 2020 | Thiaga Nadeson, Adam Ng, Katherine Lim, Siti Rizkiah, Norizan Mohd Mazlan, Sharon Lo, and Belinda Lip
Indexing Risk Parity Strategies
The S&P Risk Parity Index Series provides a transparent, rules-based benchmark for equal-risk-weighted parity strategies. It uses futures to represent multiple asset classes and the risk/return characteristics of funds in the risk parity space.
14 October 2020 | S&P Dow Jones Indices: Berlinda Liu, Tianyin Cheng, Phil Brzenk
Effective Scoring to Capture Quality and Value in China
We evaluate two methods used to normalize and combine the financial ratios—z-scores and SNDZ-scores—on how they resulted in different portfolio characteristics for quality and value in the China A market from 2006 through 2019.
19 November 2020 | S&P Dow Jones Indices: Priscilla Luk, Liyu Zeng
ASIFMA IBOR Transition Readiness Survey Results and Action Plan
In August of 2020, ASIFMA conducted a regional survey among its members to identify key issues that require attention before end-2021. In general, four main themes emerged from the survey results with regard to transition away from LIBOR.
7 January 2021 | ASIFMA
WEBINAR: The Battle for Business Ethics
To celebrate the Global Ethics Day 2020, ACCA and CFA Institute collaborated for the first time to launch an Ethics Essay Competition for our members and student population. The competition endeavored to promote ethics and integrity in finance and investment management.
3 December 2020 | CFA Institute, ACCA | Video: 1 hr
Korean Listed Companies 2019 ESG Incident Report
This report is based on Who’s Good ESG Incident Analysis, powered by artificial intelligence algorithms and news data from 90+ local and national news media providers in Korea. It provides an overview of the corporate ESG incidents in 2019 for Korean listed companies.
11 December 2020 | Who's Good: Duk Chan Yoon, Maxim Nam, Vasundhara Dehiya, Soo Young Kim, Ju Yeon Lee, Emily Kim
WEBINAR: ESG Integration in Fixed Income in Practice
In this webinar, second in the series on ESG in credit, we have invited investment managers and asset owners to provide real life examples of how ESG is integrated into fixed income in practice, such as ESG evaluation methods, performance measurements, reporting practices and the design of ESG investment products.
17 November 2020 | CFA Institute ARX | Video: 1 hr 11 min.
WEBINAR: Deep Dive into VIX and Market Volatility
Known as the market's "fear gauge", the VIX index and its related measures covering equity, currency and fixed income markets across the globe, have become go-to measures of uncertainty and turmoil in markets. How does VIX encode meaningful predictions about the future behaviour of the markets?
12 May 2020 | Tim Edwards, PhD; Franki Chung, CFA
Outlook 2021: Value Strikes Back
As several indicators indicate continuing recovery in China’s market, value sectors – the traditional and cyclical sectors with low valuation – are outperforming. Financials, industrials, materials, energy and consumer discretionary will benefit.
20 November 2020 | BOCOM International: Hao Hong, CFA
Climate Finance Markets and the Real Economy: Sizing the Global Need and Defining the Market Structure to Mobilize Capital
The report calls for coordinated and concerted action by the public, social, and private sectors to significantly scale the Climate Finance Market Structure (CFMS) over the next three decades.
7 December 2020 | GFMA, BCG
VIDEO: Understanding the Market Impact of the U.S. Election
Sam Stovall shares his post-election outlook for global equities, walking us through what history has to say about which sectors and markets could benefit most from an evolving political landscape. (Video: 24 min.)
30 November 2020 | S&P Dow Jones Indices: Sam Stovall | Video: 24 min.
Oil Marketing Companies: An Overview
Oil has the highest share of ~33% in the global energy mix. The industry holds a strategic importance in the Pakistani economy as well as a vital position in the country's oil and gas sector, contributing ~9% to the GDP.
1 November 2020 | The Pakistan Credit Rating Agency Limited: SaniyaTauseef, Aimen Noor
About the Author(s)
Director: Scott Lee
Content manager, Editor: Piotr Zembrowski, CFA
Coordinator: Natalie Yiu