01 November 2017
Boards will always need to apply judgment and a sense of proportion.
30 October 2017
Does corporate governance matter? Or, to be more precise, do investors really care about it? This is a question that I have been pondering for two reasons. First, huge amounts of passive investment has made questions about corporate decision making irrelevant for many investors. When you are just tracking the index, you are not looking at what a company is really doing on the ground and whether its leaders are making the right calls. You are simply passing the buck to the market.
14 October 2017
Markets are suffering from a serious case of passive aggression. Or at least that is what many now believe.
Passive investing - in which funds merely match an index and make no active attempt to choose stocks or other securities - has transformed markets over the past 25 years. In the US more than a third of stock funds assets are passive, while index funds dominate flows of new money into the market.
11 October 2017
Central bankers usurped the titans of
25 September 2017
For the past decade, cheap index funds have outperformed the vast majority of equity managers. But as central banks withdraw money from the financial system, active investors believe it is their moment.
04 September 2017
Funds that uphold ‘environmental, social and governance’ standards tend to outperform those that do not. Investors from
02 September 2017
The world's biggest investors rebelled more at company meetings globally this year compared with last year, as asset managers came under mounting pressure to tackle businesses over high pay, board diversity and bad management.
17 August 2017
By many measurements, today’s stock markets are overvalued. Yet amid the flood of central bank money, investors are struggling to work out when or if a crash will come and have rationalised the high prices.
24 May 2017
"High and unwarranted executive pay is an issue that needs to be addressed for the benefit of society as a whole." So said the
12 May 2017
Ahead of this year's shareholder meeting season, investors predicted more fiery and confrontational exchanges than in previous years, as they prepared to take a stand against high executive pay.
19 March 2017
The acquisition of Fortress, the US asset manager, for
13 February 2017
Several of the world's most powerful shareholders are planning to take even tougher action on excessive bonuses for company bosses in 2017 after investor protests over executive pay reached a five-year high last year.