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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 5,000 posts, select "Research" in the main menu.

WEBINAR: Fun and Games - Investment Gamification and Implications for Capital Markets

In this webinar, Sivananth Ramachandran, CFA, CIPM, described the various gamification techniques and how they act on investor biases. He also described the capital market implications of gamification, and some recommendations on how these techniques can be made to work for investors, rather than against their interests.

9 February 2023 | CFA Institute  | Video: 58 mins.

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ESG and Climate Trends to Watch for 2023

Discover what trends may shape the environment for investors and companies in the year ahead.

16 January 2023 | MSCI

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Looking Ahead to 2023: End and Beginning of an Earnings Cycle

Rob Almeida reflects on 2022 and breaks down key market and investment considerations, including the rate of inflation, recession risks and earnings expectations for the year ahead.

22 December 2022 | Robert M. Almeida, Jr.; MFS Investment Management

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Key Themes Influencing the Macroeconomic and Capital Markets Environment in 2023

As we enter 2023, there are several key themes that will likely influence the macroeconomic and capital markets environment.

19 January 2023 | Jonathan W. Hubbard, CFA; Benoit Anne; Jamie Coleman; MFS Investment Management

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Guidance For Integrating ESG Information into Equity Analysis and Research Reports

CFA Institute encourages all investment professionals to consider material ESG factors, where relevant, in their analytical and investment decision making processes, read the report and learn more.

22 November 2022 | CFA Institute

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Artificial Intelligence in Investment Management — Elevating Client Relationship and Return

AI stands to provide benefits to investment management. But how to identify their values and deploy them more effectively? Find out from ARX Business Model Investment Series now!

21 November 2022 | Kevin Pereira; Rajendra Shroff

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Sector Analysis - A Framework for Investors

CFA Institute and ACCA present a series of articles detailing a framework for analysis of investment fundamentals of industries. 

2020 | CFA Institute

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WEBINAR: ESG Competencies for Your Career - Key Updates to the Certificate in ESG Investing

In our latest webinar “ESG Competencies for Your Career”, speakers shared their perspectives on ESG talent development. Key updates to our Certificate in ESG Investing, which aims to meet the growing demand for ESG talent from financial institutions, were also provided.

9 December 2022 | CFA Institute  | Video: 63 mins.

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Stewardship at MFS in Practice: ExxonMobil Case Study

This MFS Case Study illustrates our collaborative, security-specific approach to proxy voting.

22 December 2022 | MFS Investment Management

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What Might the Next Cycle Look Like?

MFS Chief Economist Erik Weisman suspects the next business cycle will feature a bit more growth, a little more inflation and Main Street beating out Wall Street.

19 January 2023 | Erik S. Weisman, Ph.D.; MFS Investment Management

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WEBINAR: Asia-Pacific FinTech Month 2022 - Deployment of AI in the Financial Services and Investment Industry

In this recorded webinar, we brought together experts from technology companies and financial institutions to discuss on key AI techniques and practices. They also shared the experience on the benefits and challenges during the deployment. Lastly, we discussed the organizational transformation needed to realise the true potential of artificial intelligence.

11 August 2022 | CFA Institute | Video: 1hr 37mins.

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Independent Directors in Pakistan - Regulations & Practice

This publication is prepared with respect to independent directors currently serving on boards of various companies in Pakistan. It mainly focuses on their role, responsibility, diversity, selection, remuneration, representation, and board terms.

25 October 2022 | Mohammad Shoaib, CFA; Shahzad Saleem, CFA; CFA Society Pakistan; The Pakistan Credit Rating Agency

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The COP27 Net Zero Atlas

Our Cop27 Net Zero Atlas builds on our inaugural report to systematically assess climate targets and mitigation strategies of G20 countries'. It also includes analysis of physical climate risk exposure for each G20 country for the first time.

14 November 2022 | Nicolas Lancesseur; Florian Gallo; Edmund Bourne; Claire Hugo; Jaakko Kooroshy; FTSE Russell

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Natural Language Processing in Banking: Current Uses

This article will introduce a branch of Artificial Intelligence called Natural Language Processing (NLP) and dive into two popular NLP models, Word2vec and Bag of Words. Subsequently, the article will examine NLP applications in banking use cases like document search, investment analysis, and customer service. Finally, we will end with some key takeaways for banking executives.

22 November 2022 | Kevin Pereira; Rajendra Shroff

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WEBINAR: Future of Skills and Learning: Planning Your Career for the Industry of Tomorrow

In this recorded webinar, Rhodri Preece, CFA and Ryan Munson present key findings from the latest CFA Institute Research report, The Future of Work in Investment Management: Skills and Learning.  The authors discuss the factors disrupting the investment industry today and how job roles will be affected. 

20 September 2022 | CFA Institute | Video: 62 mins.

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China Offshore Bond Market 2023 Outlook: Safety Comes First Amid Challenging Environment

The tightened policies on the use of proceeds from LIDC bond issuance, ongoing defaults and credit events of Chinese property developers and higher offshore financing costs due to the sharp Fed rate hike led to the decline in the new issuance amount.

13 December 2022 | Toni Ho; Ben Yau; Dr. Stan Ho; Lianhe Global

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China Outlook 2023: A Cyclical Recovery / 展望2023:或跃在渊

China finetuning “COVID-Zero”; flames of “Dual Circulation” turning blue. Economic cycle near turning point, but arduous property recovery likely. Shanghai ~3-3,500, Hang Seng ~16-23,000, with bouts of volatility.


21 November 2022 | Hao Hong, CFA; GROW Investment Group

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Assessing the Impact of 20 Years of SPIVA

“SPIVA” stands for “S&P Indices Versus Active,” and it is the name for a regular series of research reports that compare the performances of actively managed funds to appropriate benchmarks.

26 October 2022 | Tim Edwards, PhD; Craig Lazzara, CFA; S&P Dow Jones Indices

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Earnings Extrapolation and Predictable Stock Market Returns

The U.S. stock market’s return during the first month of a quarter correlates strongly with returns in future months, but the correlation is negative if the future month is the first month of a quarter, and positive if it is not.

07 December 2022 | Hongye Guo

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ESG in Action: Linde

This case study highlights the importance of adopting a system-wide perspective on corporate emissions data accounting and reporting while pursuing workable solutions in the journey to net zero.

25 November 2022 | MFS Investment Management

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Investor Series: Derivatives/Structured Notes

The investor series aims to provide basic mechanics of investment products, market convention, and process on how people can invest. This webinar focuses on derivatives and structured notes.

23 September 2022 | Mari Toni Bautista, CFA; CFA Society Philippines

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A Kaleidoscopic Perspective of the Belt and Road Initiative

Since 2013, China’s ‘‘Belt and Road Initiative’’ (BRI) has grown in number and become increasingly global in scope. Despite these trends, international business (IB) research on the BRI remains limited.

04 July 2022 | Jiatao Li; HKUST Institute for Emerging Market Studies (IEMS)

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The Merge – A Milestone Event in the DeFi Universe

Ethereum went through “the merge” in September this year. What was it about? To learn more, download ARX Business Model Investment Series now!

31 October 2022 | Kenneth Kwong, CFA

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Fun and Games - Investment Gamification and Implications on Capital Markets

Gamification and other behavioral techniques have many positive uses, such as education, but these methods could also be exploited to promote excessive trading. This paper analyzes the main issues and recommends reforms to prevent abuses.

16 November 2022 | CFA Institute

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WEBINAR: ESG Talent Development Trends and Strategies

CFA Institute is proud to offer the Certificate in ESG Investing to help firms and individuals stay competitive, and to equip them with skills to better integrate ESG factors into their investment analysis and client conversations. This information session highlights the latest trends and opportunities in the ESG investment space, presents details of the curriculum of the Certificate in ESG Investing, and offers a discussion with industry leaders on how they are filling the ESG talent gap in their companies. 

7 June 2022 | CFA Institute | Video: 1 hr 32 min.

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ESG Materiality and Responsible Investments: Evidence from Real Estate Investment Trusts

This study indicates that material/immaterial ESG negatively/positively predict expected returns. Investors in REITs are found to be more rational than environmental driven, and they price assets regardless of ESG materiality.

07 December 2022 | Kwok Yuen Fan; Jianfu Shen; Eddie Chi-man Hui; Louis T.W. Cheng

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From A Fishing Village to the IFC Mall - Introduction of “Rise from Crises”

This volume comprises essays from 30 investment practitioners and tells the tales of how Hong Kong has risen from crises in the past 30 years. 

12 January 2023 | Alvin Ho, CFA; CFA Society Hong Kong

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Farewell, COVID-0 / 再见了,“清零”

The direction is clear - China gradually reopens. Cases will surge, confusion will grow, and market will be volatile. Stay positive. The longer-term trend of the Dollar begins to turn down, boding well for risk assets.


05 December 2022 | Hao Hong, CFA; GROW Investment Group

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An Index Approach to World Cup Success

The World Cup sees many who attempt to identify trends or patterns that may contribute to a nation’s success. This blog follows competing countries included in the S&P Global BMI and S&P Frontier BMI.

08 December 2022 | Sean Freer; S&P Dow Jones Indices

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Risk-Neutral Pricing of SLBs and Step-down Structures

This paper analyses Sustainability-Linked Bonds (SLBs) through a risk-neutral present value scenario approach.

29 October 2022 | Ulf Erlandsson; Stephanie Mielnik; Josephine Richardson; Cedric Rimaud; Anthropocene Fixed Income Institute

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About the Author(s)

ARX Editorial Team

Senior Director: Scott Lee
Project Specialist: Natalie Yiu
Coordinator: Christy Leung