KEY TAKEAWAYS
COVID-19 has accelerated various trends, such as the migration to online and digital platforms, greatly boosting the growth of e-commerce.
The pandemic has created long-term structural changes in consumer behavior beyond e-commerce, including remote working, distance learning and virtual health care. Tech companies whose products and services address the needs created by these trends are likely beneficiaries.
These structural shifts in consumer behavior are widespread in China and throughout emerging markets, where e-commerce, internet penetration and digitalization are increasing rapidly. This adoption continues to rise even though governments have relaxed many pandemic-related restrictions.
COVID-19 has profoundly affected how we live. The need to shop, bank, learn, play and even communicate remotely has hastened the use of digital technologies. The pace of digital adoption should quicken as remote working, online learning and e-commerce penetration continue to ri
KEY TAKEAWAYS
Misunderstood and mispriced risks associated with emerging markets debt (EMD) securities often create inefficiencies and anomalies. These irregularities can translate to attractive investment opportunities for experienced managers.
We seek to exploit these inefficiencies via a fundamental, research-driven, bottom-up approach combined with robust macro and thematic analysis and a disciplined valuation framework.
Our approach is unconstrained by benchmark limitations, allowing us to seek diversified and out-of-index sources of return. We believe active positions in duration, yield curve, country allocation, sector allocation, currency allocation, and security selection help generate a more consistent return profile.
Widely Used EMD Benchmarks
J.P. Morgan Emerging Markets Bond Index (EMBI) Global: Tracks total returns for U.S. dollar-denominated Brady bonds, traded loans and Eurobonds in addition to local market sovereign and quasi-sovereign debt securities.
RDOG tracks the S-Network REIT Dividend Dogs Index, a benchmark that’s similar to those found on ALPS’ other dividend dogs ETFs.
To conclude 2020, the real estate sector and RDOG are bouncing back, indicating these assets could be in style in 2021 as interest rates remain low.
“Real estate investment trusts (REITs) are an undervalued opportunity for 2021 as it underperformed this year due to fears of a repeat of the Global Financial Crisis (GFC), according to American Century Investments,” reports
REITs and the RDOG ETF Methodology
RDOG also has a layer of payout protection not found in rival REIT ETFs. The fund requires member firms to have Trailing Twelve Month (TTM) Funds From Operations per share (FFOPS) that exceed TTM Dividend Payouts per share (DPS). That’s an important trait when considering the rough payout environment endured by REITs in the first half of 2020.
Money Management Institute Honors Exceptional Social Justice Efforts with the Inaugural Opening Doors Awards
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Recipients announced at a virtual event to support the advancement of diversity, equity and inclusion throughout the financial services industry and The Gateway Foundation NEW YORK (PRWEB) December 17, 2020 The Money Management Institute (MMI) announced the recipients of its inaugural Opening Doors Awards yesterday during a virtual event to support social justice initiatives within the financial services industry. Designed to recognize and celebrate outstanding efforts in advancing diversity, equity and inclusion, the awards honored three distinct categories: Opening Doors Champion (individual): Mimi Wang, Macquarie Investment Management
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Investors have made their largest allocations to emerging markets in a decade with 60% of a survey’s respondents saying they expect emerging markets to be the best-performing asset class in 2021.
According to the latest Bank of America global fund manager survey, which questioned 217 panellists with US$576 billion ($762 billion) in assets under management in December, found investors were adding exposure to emerging markets and now had the largest allocation since November 2010.
A net 55% of investors were now overweight global emerging markets, the highest in a decade.
The proportion of investors who thought emerging markets would be the best-performing asset class in the next 12 months rose 10% month-on-month to 60% and BofA said this was the preferred asset class by a “large margin”. It was followed by the S&P 500, although the proportion in favour of the index had fallen from more than 20% last month to around 13%.