When the Passive Index Is an Active Decision

Because of differences in passive indices, investors should understand how the one they choose will affect benchmarking.

Securities Lending 101

By Kyle Fekete and Mark Kinoshita As passive investing becomes a larger part of fund sponsors’ portfolios, investors are encouraged to look underneath the hood of their indexing strategies to evaluate securities lending. This has played an integral role in maintaining low fees (or a source of alpha) for index funds, which is especially critical […]

How Index Changes May Affect Investors

UPDATED: After consulting with index users and other parties, FTSE Russell recently announced that it would exclude some securities issued by companies with unequal voting rights from its indices, following its decision to exclude shares of Snap, the popular social media company that recently went public with zero voting rights stock. S&P Dow Jones also […]

New Feature: A Monthly Periodic Table

Monthly Table ‘Classic’ Table All Tables Callan has long used our Periodic Table of Investment Returns to highlight for clients and other institutional investors the advantages of diversification over the long haul. The table ranks asset classes by performance over various time periods, and over the years we have created specialized versions (such as equity-only, […]