Most Popular on ARX
(February - April 2022)
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 main menu.
WEBINAR: APAC ESG Investment Strategy: Identifying APAC's ESG Trend-setters
Watch the recorded webinar on 2022 ESG trends to watch and trend-setters in the APAC region, with a zoom-in on climate change, biodiversity and supply chains.
7 April 2022 | CFA Institute, MSCI
Equity Styles and Factors During Periods of High Inflation
While inflation hasn’t been this high for a long time, there have been multiple episodes of high inflation throughout history to learn from. In this paper, we discuss how equity styles or factors have performed over different inflation environments.
11 April 2022 | MFS Investment Management
Green or Brown: Which Overpriced Stock to Short Sell?
This research shows a negative relationship between firm’s ESG performance and short selling demand among overpriced stocks. Shorting overpriced stocks with high ESG scores exposes the trader to higher risk.
31 March 2022 | Weiming Zhang
WEBINAR: IPO Opportunities for Startups in Asia
The interest of venture investors in Southeast Asia has been growing. The Tokyo Stock Exchange is seen as one of the most attractive venues for exit strategies by startups and venture capital in the region, as exemplified by two cross-border IPOs listed on the Exchange in 2021.
16 March 2022 | CFA Society Japan, Tokyo Stock Exchange
Integrating ESG into Core Japanese Benchmarks
The FTSE Blossom Japan Index helps investors integrate ESG considerations and enhance ESG exposure, while maintaining the index characteristics of a broad market benchmark. It also provides a strong basis for corporate engagement.
31 March 2022 | Atsuhito Mori, FTSE Russell
WEBINAR: A Spotlight on Investing in China Equities in 2022 and Beyond - Part 2
In the second webinar in the series presented by CFA Institute and T. Rowe Price the panelists discuss the historic trends of investing in china, future growth opportunities and the topics that are at the forefront of investors' minds.
1 March 2022 | CFA Institute, T. Rowe Price
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
Valuation of Loyalty Tokens
Valuation of tokens is a wager on the platform adoption. This study investigates the effect of platform adoption on the valuation of loyalty tokens and the contingent claims with the token as an underlying.
15 February 2022 | Anand Shah
Gauging Opportunities from the Hydrogen Economy
The Fourth Industrial Revolution will be driven by renewable energy, and in the context of energy transition, hydrogen could play a vital role.
7 March 2022 | S&P Dow Jones Indices
The 2021 China PE Memo
China’s 2021 private equity market has been able to maintain its pole position despite stringent regulatory measures ...
3 April 2022 | CAPER
Concentration within Sectors and Its Implication for Equal Weighting
Concerns about the degree of concentration in cap-weighted indices like the S&P 500® seem to arise whenever performance is dominated by mega-cap names—as it has recently been.
7 February 2022 | S&P Dow Jones Indices
Back to Reality: The Important Role of Active Management in Defined Contribution Plans
Three common misconceptions have led to the increased prevalence of passive investments in defined contribution plans. We conduct a reality check on each misconception, referencing fiduciary principles and market and member survey data.
8 March 2022 | MFS Investment Management
Hang Seng A-shares Indexes: Tracking of A-shares by Approaches from Purely Market Value to Multi-factor
China’s capital markets have closely reflected the structural change in national economy’s shift to New Economy sectors since 2015, as driven in large part by urbanisation and a consumption-led growth model.
24 March 2022 | Hang Seng Indexes Company Limited
2022 ESG Trends to Watch / 2022 年 ESG 趋势展望
Over the last decade, ESG has gone from fringe to mainstream. Investors and companies have seen increased regulation, demands for transparency and a quest for standards. MSCI presents ten ESG trends to watch in 2022.
2022 年和未来十年会有哪些趋势？ 近年来，气候变化已经超越公司治理，成为最紧迫且备受投资者关注的环境、社会、公司治理（ESG）议题。与此同时，ESG 投资也已经真正成为主流的投资方式，(并持续受到监管机构的关注）。然而，未来十年，企业、投资者和我们所在的地球都将面临更多新的风险，考验我们能否从过去的经历中吸取教训。
10 March 2022 | MSCI: Linda-Eling Lee, Meggin Thwing Eastman
WEBINAR: A Spotlight on Investing in China Equities in 2022 and Beyond - Part 1
CFA Institute and T. Rowe Price present a virtual panel discussion that explores the historic trends in investing in China, future growth opportunities, recent market volatility, ESG in China, and the case for a dedicated allocation to China equities.
22 February 2022 | CFA Institute, T. Rowe Price
VIDEO-ON-DEMAND: CFA Institute Alpha Summit APAC
To help investors see beyond the horizon, the CFA Institute 2022 Alpha Summit APAC offered two days of dedicated content focusing on the investment industry’s most important trends and challenges across Asia Pacific. All nine thematic sessions of the virtual conference, which took place on 10-11 February 2022, have been recorded and are available for viewing on demand.
11 February 2022 | CFA Institute
Sustainable Investments Insights: Quarterly Report - February 2022
Decarbonization and green-technology strategies suffered most from surging fossil-fuel prices and the resulting selloff in alternative energy stocks. Yield-curve steepening weighed on sustainable strategies that have large underweights in financials.
2 March 2022 | FTSE Russell
The 2008 Global Financial Crisis and COVID-19 Pandemic: How Safe are the Safe Haven Assets?
We compare performance of safe-haven assets during 2008 GFC and COVID-19 pandemic. Our findings suggest that the character of safe assets has changed between the crises; therefore, investors should exercise care when investing in safe haven assets.
This paper was submitted for the CFA Institute ARX Best Paper Award at the 26th Annual New Zealand Finance Colloquium 2022.
25 November 2021 | Muhammad A. Cheema, Robert Faff, Kenneth Szulczyk
WEBINAR: Implementing Sector Rotation Investment Strategies
Sector rotation refers to moving money invested in one sector to another with the objective of making higher returns and mitigating risk. To adopt a sector rotation strategy, investors can go for stocks, mutual funds or ETFs. In this webinar, you can learn about sector rotation strategies and how investors can take advantage of sector rotations.
19 January 2022 | CFA Institute, Nasdaq
Firm Characteristics and Stock Price Levels: A Long-Term Discount Rate Perspective
Utilizing a simple novel methodology, we study how firm characteristics are correlated with stock price levels by measuring the long-term discount rates (defined as the internal rate of return) of anomaly portfolios over a long horizon.
27 November 2021 | Yixin Chen, Ron Kaniel
WEBINAR: Venture Capital 2022: Brighter Skies or Troubled Waters Ahead?
Venture capital is rapidly evolving, undergoing structural changes, facing new challenges, and addressing new client segments. There are also new models and methods for allocators to access VC, which has traditionally been a closed, opaque and capacity-constrained asset class.
30 November 2021 | CFA Institute | Video: 1 hr 3 min.
An Introduction to Freddie K: Agency CMBS
Freddie Mac Multifamily K-deals (Freddie K) is one of the major agency CMBS products. Learn all about its loan characteristics, underwriting, securitization, loan performance, prepayment behavior, and prepayment drivers.
25 February 2022 | FTSE Russell: Loy Weng, Luke Lu
The Resilience and Relevancy of Global Sukuk
The global sukuk market has proven itself as an effective measure of some of the fastest-growing economies in the world, while also providing steady cash flow.
16 February 2022 | S&P Dow Jones Indices
WEBINAR: Introducing the First Global Voluntary ESG Disclosure Standards
The purpose of the CFA Institute Global ESG Disclosure Standards for Investment Products is to facilitate fair representation and full disclosure of an investment product’s consideration of ESG issues in its objectives, investment process, or stewardship activities. When investment products’ ESG approaches are fairly represented and fully disclosed, investors, consultants, advisors, and distributors can better understand, evaluate, and compare investment products, and the potential for greenwashing diminishes.
15 December 2021 | CFA Institute | Video: 62 min.
S&P Kensho New Economies Indices Commentary: Q4 2021
The S&P Kensho New Economy Indices seek to track the industries and innovation of the Fourth Industrial Revolution, covering, among others: metaverse, clean energy, autonomous vehicles, 3D printing, and genetic engineering.
1 February 2022 | S&P Dow Jones Indices
WEBINAR: Asian Stock Markets — From the Ground Up
Herald van der Linde, CFA, head of equity strategy for Asia Pacific at HSBC presents key findings from his new book, "Asia’s Stock Markets from the Ground Up." The webinar offers a simple but thorough introduction to these fascinating stock markets, examining peaks, troughs, market calamities, juicy scandals, and personal anecdotes from the author's three decades of studying these markets.
25 November 2021 | CFA Institute | Video: 1 hr 12 min.
WEBINAR: CFA Institute Certificate in ESG Investing
This info session highlights the latest trends and opportunities in the ESG investment space and demonstrates how the Certificate in ESG Investing provides investment professionals with the expertise and insights needed to integrate ESG factors into investment decisions, preparing you with skills to excel now and in the future.
7 December 2021 | CFA Institute | Video: 59 min.
China's Pension Market: Progress Towards High-Quality Development
A transcript of the presentation by Mr. Su Gang, Board Chairman of Changjiang Pension Insurance, in the second installment of the CFA Institute China Live Pension Management Series, "Pension and Climate Change: A China-Japan Dialogue.”
12 November 2021 | CFA Institute China Live
Work from Home, Managerial Sentiment, and Corporate Liquidity Management
Using the granularity of foot traffic data, this research shows that prolonged work from home during the COVID-19 outbreak dampens managerial sentiment, attributable to social isolation and work stress.
1 December 2021 | Lilian Ng, Jing Yu, and Linyang Yu
India and SE Asia are beckoning capital for cryptocurrency despite strong regulatory headwinds.
1 January 2022 | CAPER
About the Author(s)
Director: Scott Lee
Content manager, Editor: Piotr Zembrowski, CFA
Coordinator: Natalie Yiu