NEW
YORK, Aug. 24, 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 their highly anticipated PSN Top Guns
List of the best performing separate accounts, managed
accounts, and managed ETF strategies. The list serves as an
important reference for investors and asset managers.
PSN launched in 1984, becoming the first independent SMA
database that was offered to investors and advisors. Access to SMAs
is open to many types of investors, but PSN remains the premier
resource for identifying top performers and investment
products.
"Up until recently, SMAs were reserved for institutional or
high-net-worth investors (HNWI) with a minimum of $1 million required just to participate. Over the
past several years the cost for entry has dropped significantly,
opening more options for wealth managers and their clients," says
Margaret Tobiasen,
Senior Vice President of Data Distribution.
Market Strategist for Zephyr, Ryan
Nauman, offered the following insights:
- Driven by a macro backdrop that included rising interest rates,
historically high inflation and fears of a looming recession,
global equities fell a -16.05% (MSCI World index) during the
quarter. Furthermore, the S&P 500 index officially entered a
bear market while ending the quarter down a -16.10%. The bond
market added to investor pain as the Bloomberg U.S. Aggregate index
fell a -4.69% during the quarter. This marked the second straight
quarter that both U.S. equities and bonds declined.
- U.S. equities fell sharply as investors focused on the new
monetary policy regime that included initial interest rate hikes
from the Federal Reserve (Fed). Investors feared that the hawkish
Fed will not be able to tame inflation without triggering a
recession. No equity sector was immune to the risk off environment,
however, the Consumer Staples (S&P 500 Consumer Staples index
-4.62%) and Utilities (S&P 500 Utilities index -5.09%) sectors
were relatively resilient.
- As for style, value stocks (Russell 3000 Value index -12.41%)
outperformed their growth counterparts (Russell 3000 Growth index
-20.83%), while large caps (Russell 1000 index -16.67%)
outperformed small caps (Russell 2000 index -17.20%). Below are
some of the strategies that make up the PSN Top Guns U.S. Value
Universe:
-
- Federated Hermes, Inc: Fed Hermes Strategic Value Dividend
(-2.0% for the quarter)
- First Wilshire Securities Mgmt., Inc: U.S. Small Cap Value
Equities (-3.3% for the quarter)
- Dean Capital Management: DCM Small Value (-3.5% for the
quarter)
- It was also a tough environment for foreign markets as high
inflation, hawkish global central banks, ongoing Ukrainian conflict
and a potential recession weighed on investor sentiment.
Economically sensitive sectors underperformed as concerns over a
possible recession increased. Strategies with an overweight to
Chinese stocks (MSCI China +3.50%) were rewarded, as Covid-19
lockdowns where relaxed which resulted in the region being the only
one to produce positive returns for investors. The following
strategies made the PSN Top Guns list for the International Equity
Universe:
-
- Oberweis Asset Mgmt, Inc: China Opportunities (+6.5% for
the quarter)
- Mondrian Investment Partners Limited: China Concentrated
Equity (+5.2% for the quarter)
- Morgan Stanley Investment Management: China A Equity (+4.7% for
the quarter)
- For the second straight quarter investors were unable to find
shelter in fixed income markets as a hawkish Fed, 40-year high
inflation and rising interest rates pressured bonds. The Fed picked
up the pace in its fight against inflation by increasing the Fed
Funds rate by 50 basis points in May and 75 basis points in June,
which increased concerns that the quickened pace of hikes will push
the U.S. economy into a recession.
- The increasing concerns over economic growth helped slow the
pace of negative returns heading into quarter-end. The yield on
10-year Treasury notes rose from 2.35% to 2.97% while 2-year yields
jumped from 2.33% to 2.93%. Riskier bond asset classes like
corporate bonds (Bloomberg U.S. Corporate Investment Grade
index -7.26%) and more specifically high yield corporate bonds
(ICE BofA US High Yield Master II -9.97%) suffered
most during the risk-off environment. 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)
- WisdomTree Asset Management: Floating Rate Treasury (0.3%
for the quarter)
The complete list of PSN Top Guns, and an overview
of the methodology, can be found on online. If you do not have a
login, you may register for complimentary access. 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.
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