Russell Large Growth Index — New Rules, Same Concentration

FTSE Russell introduced issuer‑level concentration caps to the Russell U.S. Style indexes in March 2025 to temper mega‑cap dominance while preserving benchmark utility.

The Monetary Caped Crusaders Find Their Kryptonite: Q3 2022 Market Outlook

The Monetary Caped Crusaders Find Their Kryptonite: Q3 2022 Market Outlook

It’s not just Cardi B. asking the question! Economists, investors, CEOs of some of the country’s top companies and many in the general public are also worried that the economy is on the verge of recession. Plunging consumer and business confidence, contracting real incomes, and a peak in housing activity all point to a significant weakening in growth, even if the labor market remains healthy.

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Opportunity Knocks or Prolonged Pain for Stocks?

Opportunity Knocks or Prolonged Pain for Stocks?

Since the initial resolution of the European Sovereign debt crisis in 2012, many boutique managers have rated Eurozone equities as a particularly attractive risk/reward opportunity. The initial premise was related to profit normalization. Compared to their European counterparts, the Fed and U.S. government reacted faster and more aggressively to the Great Financial Crisis.

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U.S. Fixed Income: Q2 2022 Update

U.S. Fixed Income: Q2 2022 Update

We open another quarterly commentary with a discussion of just how bad the quarter was for fixed income markets. At the same time, however, a host of metrics suggest that many fixed income valuations are as attractive as they have been in several years. While we think caution and patience are the operative words in the spread sectors, we note some extreme dollar price drops given the movement in both rates and risk premia over the course of 2022.

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