Quarterly ranking identifies best-in-class separate accounts,
managed accounts and managed ETF strategies
NEW
YORK, May 23, 2022 /PRNewswire/ -- Zephyr,
a subsidiary of Informa plc (LSE: INF), and a recognized leader in
investment management technology for wealth managers and advisors,
has published its highly anticipated Q1 2022 PSN Top Guns
List of best performing separate accounts, managed
accounts, and managed ETF strategies. The list remains one of
the most important references for investors and asset managers.
"PSN Top Guns provides an important perspective into the market
and strategies," says Margaret
Tobiasen, SVP of Data Distribution at Zephyr who cites PSN's
pioneering efforts as the first SMA database as the reason for the
list's popularity. "Every quarter brings invaluable insight and
often showcases strategies that might otherwise be overlooked."
Ryan Nauman, Market Strategist
for Zephyr, provides an overview each quarter of the PSN Top
Guns List. For PSN Top Guns Q1 2022, Nauman says that "global
financial markets hit a roadblock," and outlines reasons why
below.
"The first quarter of 2022 will be remembered for Russia's surprising invasion of Ukraine in late February. The horrific human
implications rippled through global equity markets as the MSCI
World index finished the quarter down -5.04% while bonds (Bloomberg
Barclays Global Aggregate -6.16%) didn't provide investors any
solace. Meanwhile, commodity prices such as oil, gas, and wheat
surged which contributed to the continued rise in inflation. In its
attempted to tame four-decade high inflation the Federal Reserve
(Fed) started to remove its accommodative policies."
"The quarter started very poorly for U.S. equities as the
S&P 500 index fell a -5.17% in January on fears that the Fed
will tip the domestic economy into a recession as a result of its
aggressive tightening policies. Despite the uncertainty, the
S&P 500 index finished the quarter with a +3.71% return in
March which resulted in a -4.60% return for the quarter. Due to the
conflict in Ukraine and the
resulting sanctions on Russia,
managers with an overweight to energy outperformed, as oil prices
surged, and the energy sector posted a +39.03% (S&P 500 Energy
Sector) return. The only other sector to end the quarter in the
green was the defensive utilities sector (S&P 500 Utilities
Sector +4.77%). Below are some of the strategies that make up the
PSN Top Guns Large Value Universe."
- Miller/Howard Investments, Inc.: Miller/Howard Infrastructure:
(+8.8% for the quarter)
- Federated Hermes, Inc.: Fed Hermes Strategic Value Dividend
(+7.4% for the quarter)
- J.P. Morgan Asset Management: JPM US Large Cap Value (+6.9% for
the quarter)
"Eurozone equities, measured by the MSCI Europe ex UK index,
fell a -9.81% during the quarter as the region has close ties to
Ukraine and Russia while having a heavy reliance on
Russian oil and gas. In addition to the concerns brought on by the
unrest in Eastern Europe,
inflation continued to rise. The European Central Bank announced
that it would end its bond purchases by the end of September and
hinted the first interest rate hike could happen later this year.
Meanwhile, strategies with exposure to commodity rich Latin America (MSCI EM Latin America +27.33%)
benefited as other countries in search of replacements for
Ukrainian and Russian commodity exports turned to Latin American
countries like Brazil. The
following strategies made the PSN Top Guns list for the
Emerging Markets Universe."
- MFS Investment Management: MFS Latin America Equity: (+27.9%
for the quarter)
- abrdn plc: Latin American Equity (+25.4% for the quarter)
- T. Rowe Price: Latin America
Equity Strategy (+22.2% for the quarter)
"Four-decade high inflation and expectations that the Fed will
hike interest rates to as high as 2.5% by the end of the year
pushed fixed income, particularly long dated maturities (Bloomberg
Barclays U.S. Long Government/Credit -10.95%), into a tailspin. The
Fed increased key interest rates by 25 basis points during the
quarter and turned more hawkish as it signaled quantitative
tightening and more rate hikes are coming this year. As a result,
Treasuries experienced one of their biggest selloffs in recent
memory. 10-year Treasury yields rose from 1.51% to 2.35% while the
2-year yield increased from 0.73% to 2.33%. Below are some of the
strategies that make up the PSN Top Guns Short Maturity
Universe."
- Putnam Investments: Putnam Stable Value (+0.6% for the
quarter)
- Invesco: Stable Value (+0.4% for the quarter)
- Morley Capital Management, Inc.: Morley Separate Account
Composite (+0.4% for the quarter)
Through a combination of PSN's proprietary performance screens,
the PSN Top Guns List ranks products in six
proprietary categories in over 50 universes based on continued
performance over time. The complete list and an overview of the
methodology, can be found on https://psn.fi.informais.com/login.asp
under the "Products & Services" tab. If you do not have a
login, you may register for complimentary access.
About PSN
For nearly four decades, PSN has been a top
resource for investment professionals. Asset managers rely on
Zephyr's PSN to effectively reach institutional and retail
investors rely. Over 2,800 firms, 285 universes, and more than
21,000 products comprise the PSN SMA database showing asset
breakdowns, compliance, key personnel, ownership diversity, ESG,
business objectives and strategy, style, fees, GIC sectors, fixed
income ranges and full holdings. Unique to PSN is its robust
historical database of nearly 40 Years of Data Including Net and
Gross-of-Fee Returns. For more details on the methodology
behind the PSN Top Guns rankings or to purchase PSN Top
Guns reports, contact Margaret
Tobiasen at Margaret.tobiasen@informa.com. Visit PSN online
to learn more.
About Zephyr
Zephyr's award-winning financial
services solution enables wealth managers and advisors to
fully manage client investment goals. The platform consistently
scores high among users for its ease of use with valuable tools
including presentation center, portfolio proposal generation,
performance measurement, asset allocation modeling, research,
analytics and ESG ratings and reviews. Clients' ability to
customize communication tools to create professional proposals and
presentations provides significant value for advisors to convey
investor strategies and success.
Visit financialintelligence.informa.com to learn more
about Zephyr or to request a demo or 14-day free trial on the
Zephyr platform.
MEDIA CONTACT:
Zach Allegretti, JConnelly
973-850-7341
zallegrettiII@jconnelly.com
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SOURCE Zephyr