U.S. Institutional Investors, Consultants Have Strong Interest in U.S. Focused Investment Products in February
ATLANTA, March 11, 2017 /PRNewswire/ — A majority of the top 20 products reviewed by institutional investors and consultants in the United States had a U.S. geographic focus in February, according to the just released eVestment Advantage Viewership Report. This could mean interest in, or concern about, U.S.-focused investment products among U.S.-based consultants and investors as the new presidential administration gets settled in Washington, D.C.
Institutional investors and consultants in Europe and Asia-Pacific, on the other hand, had an overwhelmingly strong interest in “Global” focused products in February, according to the new report.
The Advantage Investment Viewership Report, generated through the eVestment Advantage solution, is based on tracking daily institutional investor and consultant reviews of investment universes and products on eVestment, the global leader in institutional investment data and analytics. The report looks at Global, United States, European and Asia-Pacific profile viewership activity.
eVestment Advantage data is updated daily and provides a look at how world events, economic news and other factors impact the universes and products institutional investors and their consultants are reviewing over any time period.
Some other interesting points from the report include:
Products within the Master Limited Partnership (MLP) universe, which invest in MLP securities focused on energy infrastructure such as oil and gas pipelines, entered the U.S.-based client top 20 list of universes by average reviews per product in February. It remains to be seen whether this is the result of consultants and institutional investors expecting gains—arising from energy deregulation rhetoric and increases in US production from the rebound in oil prices—or fears—from uncertainty surrounding the impact of tax reform, if implemented.
U.S.-based and Europe-based clients showed upticks in interest in alternatives. Month-over-month changes in universes by average reviews per product showed managed futures and FoHF macro/managed futures universes drawing the attention of U.S.-based clients and event driven and FoHF multi-strategy universes garnering attention from Europe-based clients.
European client preferences diverged from their Asia-Pacific and U.S. counterparts in February, as balanced/multi-asset products made up half of the their top 20 most reviewed list compared to only one such product for both APAC and U.S.-based clients. The top two products by month-over-month change in the proportion of total European reviews however were both fixed income: Henderson Global Investors: Multi Asset Credit and Goldman Sachs Asset Management: Global Credit Broad. All products on Europe’s top 20 list were globally focused.
Similar to last month’s findings with GQG Partners’ GQG Emerging Markets Equity product, consultants and institutional investors continued reviewing newly added products in February. Villanova Investment Management Company’s Small Cap Value equity product, launched six months ago and added to the eVestment database in late January, experienced the second largest month-over-month change in the proportion of total global (all client) reviews.
The lists of the top reviewed products and universes are below. To see lists of the top universes and products that saw the largest uptick in month over month reviews, please click here or use this link https://www.evestment.com/resources/top-platform-rankings/top-institutional-products-and-universes/.
Top Reviewed Products by Total Reviews (lists may exceed 20 in the event of ties)
Global (All Clients)
Rank
Geographic
Focus
Asset Class
Aberdeen Asset Management PLC: Emerging Markets Equity
1
Global Emg Mkts
Equity
Sands Capital Management, LLC: Select Growth
2
United States
Equity
Grantham, Mayo, Van Otterloo & Co. LLC: GMO Benchmark-Free Allocation Strategy
3
Global
Balanced/Multi-Asset
Hexavest Inc.: Hexavest Global Equity
3
Global
Equity
Causeway Capital Management LLC: Causeway International Value Equity
5
EAFE
Equity
Dodge & Cox: Dodge & Cox U.S. Equity
6
United States
Equity
Walter Scott & Partners Limited: Global Strategy
7
Global
Equity
Shenkman Capital Management, Inc.: Shenkman Capital High Yield Bond Strategy
8
United States
Fixed Income
Capital Group: American Funds EuroPacific Growth Fund
9
ACWI Ex-US
Equity
Baird Advisors: Core Bond
10
United States
Fixed Income
Standard Life Investments Limited: Global Absolute Return Strategy (GARS) GTAA
11
Global
Balanced/Multi-Asset
Polaris Capital Management LLC: International Equity
11
EAFE
Equity
Loomis, Sayles & Company, L.P.: Large Cap Growth
13
United States
Equity
Jennison Associates LLC: Large Cap Growth Equity
13
United States
Equity
WCM Investment Management: Focused Growth International
15
ACWI Ex-US
Equity
Artisan Partners Limited Partnership: Artisan Non-U.S. Growth
15
EAFE
Equity
Polen Capital Management, LLC: Polen Focus Growth
17
United States
Equity
Elk Creek Partners LLC: Elk Creek Partners Small Cap Growth
17
United States
Equity
Pyrford International Ltd: International Equity
19
EAFE
Equity
Sands Capital Management, LLC: Global Growth
20
Global
Equity
Asia-Pacific Clients
Rank
Geographic
Focus
Asset Class
MFS Investment Management: MFS Global Equity
1
Global
Equity
Fulcrum Asset Management: Fulcrum Diversified Absolute Return Strategy (DAR)
2
Global
Balanced/Multi-Asset
PIMCO: Global Investment Grade Credit
3
Global
Fixed Income
Capital Group: Japan Equity
3
Japan
Equity
12th Street Asset Management Company LLC: 12th Street Opportunity
3
United States
Equity
PGIM Fixed Income: PGIM Fixed Income Global Aggregate Plus Fixed Income
6
Global
Fixed Income
Loomis, Sayles & Company, L.P.: Global Credit
6
Global
Fixed Income
American Beacon Advisors, Inc.: American Beacon Large Cap Value Fund – Institutional Class
6
United States
Equity
Veritas Asset Management LLP: Veritas Global Focus Fund
9
Global
Equity
Orbis Investment Management Limited: Orbis Global Equity
9
Global
Equity
Orbis Investment Management Limited: Orbis Japan Equity
9
Japan
Equity
Ardevora Asset Management: Ardevora Global Long-only Equity
9
Global
Equity
Aberdeen Asset Management PLC: Global Equity
13
Global
Equity
The Boston Company Asset Management, LLC: US Dynamic Large Cap Value
14
United States
Equity
Kapstream Capital Pty Ltd: Global Absolute Return (AUD cash + 2-3%)
14
Global
Fixed Income
Henderson Global Investors: Global Index Opportunities
14
Global
Equity
Janus Capital Management LLC: Janus Global Research Growth Equity
14
Global
Equity
San Juan Asset Management, Inc.: Global Long Only
18
Global
Equity
Levin Capital Strategies, LP: Large Cap Value-Concentrated
18
United States
Equity
Legal & General Investment Management: Global Corporate Fixed Income (Active)
18
Global
Fixed Income
Northcape Capital Pty Ltd: Northcape Global Emerging Markets B Equity
18
Global Emg Mkts
Equity
Pzena Investment Management, LLC: Pzena Global Expanded Value
18
Global
Equity
Dalton Investments LLC: Dalton Japan Equity
18
Japan
Equity
Harris Associates L.P.: Global
18
Global
Equity
Baillie Gifford & Co: Long Term Global Growth
18
Global
Equity
Europe Clients
Rank
Geographic
Focus
Asset Class
Standard Life Investments Limited: Global Absolute Return Strategy (GARS) GTAA
1
Global
Balanced/Multi-Asset
Veritas Asset Management LLP: Veritas Global Focus Fund
2
Global
Equity
BlackRock: Dynamic Diversified Growth
3
Global
Balanced/Multi-Asset
Invesco, Ltd: Global Targeted Returns (Henley)
4
Global
Balanced/Multi-Asset
Aviva Investors: Multi-Strategy Target Return
4
Global
Balanced/Multi-Asset
Henderson Global Investors: Multi Asset Credit
6
Global
Fixed Income
Goldman Sachs Asset Management: Global Credit Broad
6
Global
Fixed Income
Aberdeen Asset Management PLC: Emerging Markets Equity
6
Global Emg Mkts
Equity
M&G Investment Management Ltd: M&G Alpha Opportunities Fund
9
Global
Fixed Income
Amundi: Emerging Market Focus
10
Global Emg Mkts
Equity
Fulcrum Asset Management: Fulcrum Diversified Absolute Return Strategy (DAR)
11
Global
Balanced/Multi-Asset
Schroder Investment Management: Diversified Growth / GTAA
12
Global
Balanced/Multi-Asset
Nordea Investment Management AB (Denmark branch): Stable Return – Diversified Growth Strategy
12
Global
Balanced/Multi-Asset
Investec Asset Management: Diversified Growth
12
Global
Balanced/Multi-Asset
Newton Investment Management: Newton Real Return GBP
15
Global
Balanced/Multi-Asset
Polaris Capital Management LLC: Global Equity
15
Global
Equity
MFS Investment Management: MFS Global Equity
15
Global
Equity
Grantham, Mayo, Van Otterloo & Co. LLC: GMO Benchmark-Free Allocation Strategy
15
Global
Balanced/Multi-Asset
DSM Capital Partners LLC: DSM Global Growth Equity
19
Global
Equity
PanAgora Asset Management, Inc.: Dynamic Global Equity – Active
20
Global
Equity
United States Clients
Rank
Geographic
Focus
Asset Class
Sands Capital Management, LLC: Select Growth
1
United States
Equity
Dodge & Cox: Dodge & Cox U.S. Equity
2
United States
Equity
Causeway Capital Management LLC: Causeway International Value Equity
3
EAFE
Equity
Aberdeen Asset Management PLC: Emerging Markets Equity
4
Global Emg Mkts
Equity
Hexavest Inc.: Hexavest Global Equity
5
Global
Equity
Shenkman Capital Management, Inc.: Shenkman Capital High Yield Bond Strategy
6
United States
Fixed Income
Grantham, Mayo, Van Otterloo & Co. LLC: GMO Benchmark-Free Allocation Strategy
7
Global
Balanced/Multi-Asset
Capital Group: American Funds EuroPacific Growth Fund
8
ACWI Ex-US
Equity
Baird Advisors: Core Bond
9
United States
Fixed Income
Polaris Capital Management LLC: International Equity
10
EAFE
Equity
Loomis, Sayles & Company, L.P.: Large Cap Growth
11
United States
Equity
Elk Creek Partners LLC: Elk Creek Partners Small Cap Growth
12
United States
Equity
Artisan Partners Limited Partnership: Artisan Non-U.S. Growth
13
EAFE
Equity
Jennison Associates LLC: Large Cap Growth Equity
14
United States
Equity
Harding Loevner LP: International Equity
15
ACWI Ex-US
Equity
Dodge & Cox: Dodge & Cox Core Fixed Income
16
United States
Fixed Income
Polen Capital Management, LLC: Polen Focus Growth
17
United States
Equity
WCM Investment Management: Focused Growth International
18
ACWI Ex-US
Equity
Jackson Square Partners, LLC: Large-Cap Growth Equity
19
United States
Equity
Wellington Management Company LLP: Small Cap Opportunities
20
United States
Equity
Top Universes by Average Reviews Per Product (lists may exceed 20 in the event of ties)
Global (All Clients)
Rank
ACWI ex-US All Cap Growth Equity
1
EAFE All Cap Value Equity
2
EAFE Small Cap Core Equity
3
Emerging Mkts All Cap Growth Equity
4
EAFE Large Cap Value Equity
5
EAFE All Cap Growth Equity
6
Emerging Mkts All Cap Core Equity
7
Global Mid Cap Value Equity
8
ACWI ex-US Large Cap Value Equity
9
Liquid Real Assets
10
Emerging Mkts All Cap Value Equity
11
Emerging Mkts Large Cap Value Equity
12
US Small Cap Growth Equity
13
Global All Cap Growth Equity
14
ACWI ex-US All Cap Value Equity
15
US Large Cap Growth Equity
16
US Small Cap Value Equity
17
Global Tactical Asset Allocation – Hedged
18
US Small-Mid Cap Growth Equity
19
EAFE Small Cap Value Equity
20
Asia-Pacific Clients
Rank
EAFE Large Cap Growth Equity
1
EAFE Small Cap Growth Equity
2
EAFE Extended Equity
3
Japan Large Cap Core Equity
4
South Africa Equity
5
Asia Fixed Income – Hard Currency
5
Japan All Cap Growth Equity
7
Global Credit Fixed Income
8
US Corporate Fixed Income
9
US All Cap Value Equity
10
Global Enhanced Equity
11
Japan Large Cap Value Equity
11
US Municipal Fixed Income
13
Global All Cap Growth Equity
14
Japan All Cap Core Equity
15
SMA/Wrap – Global Equity
16
Global Large Cap Growth Equity
16
Emerging Mkts Large Cap Value Equity
18
Global All Cap Core Equity
19
ACWI ex-US All Cap Core Equity
20
Europe Clients
Rank
US Small-Mid Cap Growth Equity
1
Global Mid Cap Value Equity
2
US Small Cap Core Equity
3
UK Passive Equity
3
US Small Cap Growth Equity
5
Macro – Quantitative
6
Global Large Cap Growth Equity
7
UK Large Cap Value Equity
8
US Enhanced Cash Management
9
Emerging Mkts Large Cap Growth Equity
9
Global Floating-Rate Bank Loan Fixed Income
11
Europe ex-UK Large Cap Growth Equity
12
Global Passive Equity
13
UK Core Plus Fixed Income
14
Relative Value – Multi-Market Arbitrage
15
UK Passive Fixed Income
16
Asia ex-Japan Large Cap Equity
17
Emerging Mkts Fixed Income – Local Currency
18
UK Corporate Fixed Income
19
Pan-Europe Small Cap Equity
20
United States Clients
Rank
EAFE All Cap Value Equity
1
EAFE Small Cap Core Equity
2
Global Mid Cap Value Equity
3
EAFE Large Cap Value Equity
4
EAFE All Cap Growth Equity
5
ACWI ex-US Large Cap Value Equity
6
Liquid Real Assets
7
ACWI ex-US All Cap Value Equity
8
ACWI ex-US Small Cap Value Equity
9
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