In the News
March 18, 2010
Market Close With Marcus Xu
In the News | Institutional Equity
BNN talks with Marcus XU, Manager of Equity Operations at Genus, about the U.S. Federal Reserve holding benchmark rates near zero Tuesday and renewing a promise to keep them exceptionally low for an extended period while pointing to increased momentum in the U.S. economy's recovery.
In the News
March 16, 2010
The Close: Market Wrap with Marcus Xu
In the News | Institutional Equity
BNN talks with Marcus XU, Manager of Equity Operations at Genus, about the U.S. Federal Reserve holding benchmark rates near zero Tuesday and renewing a promise to keep them exceptionally low for an extended period while pointing to increased momentum in the U.S. economy's recovery.
In the News
February 10, 2010
Canada Stocks Rise as Insurers Gain; Oil Companies Decline
In the News | Institutional Equity
Canadian stocks rose as financial companies gained before quarterly earnings reports from the country’s three largest insurers and after U.S. President Barack Obama said he doesn’t “begrudge” some bank bonuses.
Research
December 1, 2009
Momentum Outperforms as Value Lags
Research | Institutional Equity
Momentum continued to outperform value through November after its relatively strong showing in October. Growth and quality also worked better in November, with low leverage (financial strength indicator) coming back strongly.
Research
November 2, 2009
Momentum Factors Trim Value Factor Gains
Research | Institutional Equity
Although the current market environment still favours value, October saw a significant shift in the outperformance of momentum (street research & technicals) and expectational factors. This trend could gain strength in coming months.
Research
October 15, 2009
The Beat Goes on for Value...
Research | Institutional Equity
The sharp outperformance of deep value factors that started in March showed no signs of abating in September as big-cap momentum and quality continued to get pummeled. However, investors are becoming more discerning in their approach to value and are looking for strong cash flow versus general cheapness.
Research
October 7, 2009
Advancing Risk Models in Quant Equity Strategies
Research | Institutional Equity
Genus Institutional Equity and Axioma shared their latest insights into quantitative equity strategies and the use of multiple risk models for superior risk management at a breakfast seminar in Vancouver.
Research
October 5, 2009
Value has Regressed to the Mean
Research | Institutional Equity
The current environment still favours value, but with increasing focus on price-to-earnings. Investors are switching their focus from cheapness (the easy money has been made) to the future prospects of businesses that are priced at a significant discount to their intrinsic value.
Insights
October 2, 2009
Value Continues its Dramatic Run
Insights | Institutional Equity
The dramatic run by value off March’s lows confirms this revaluation cycle as one of history’s largest and fastest. When value began its last run, it took three years for value stocks to move back to average cheapness from their low in February 2000. This time around the revaluation cycle has taken just three months...
Research
August 11, 2009
Risk Continues to Drive Market Surge
Research | Institutional Equity
After another strong month, deep value remains the dominant investment strategy year-to-date. We expect that deep value and risk will continue to dominate, with volatility persisting for the remainder of the year, although its magnitude will begin to moderate.