This “Short Take” video by Sumali Sanyal, Managing Director Senior Portfolio Manager of Systematic Global Equities, talks about some interesting takeaways from the annual Russell Reconstitution of 2024
Xponance, Inc.
Investment Management
Philadelphia, Pennsylvania 4,139 followers
Our clients’ investment success is our passion. We leverage our multi-strategy capabilities for their success.
About us
Disclaimer: Please do not share any personal information, investment advice or testimonials about Xponance’s personnel or services on our LinkedIn, Twitter or Facebook pages. Please also do not comment in response to information posted by Xponance. Xponance is not responsible for and does not endorse any content, advertising, products, advice, opinions, recommendations or other materials from followers or third parties. Any comments posted by LinkedIn, Twitter or Facebook users are those of the persons submitting them and do not represent the views of Xponance or its personnel. We are a multi-strategy investment firm whose primary goal is to be a trusted client solutions partner. Our name is derived from the word “exponent” and dually connotes our core objectives—to be a zealous champion for our clients; and to provide higher level engagement and a broader array of solutions to meet their investment needs. We are employee owned by women and diverse professionals, whose common passion is to do the right thing for our clients and each other. Xponance® is the successor firm representing the integration of two legacy firms, FIS Group, Inc. and Piedmont Investment Advisors, Inc. We offer global and non-U.S. equity investment strategies by harnessing the investment edge and focus of proven entrepreneurial or emerging managers in a tested strategic framework. As a direct investment manager, Xponance specializes in creating systematic, risk controlled active and passive equity strategies. Our active US fixed income strategies span the maturity spectrum and provide income and downside protection through differentiated off-benchmark and off the run securities. Aapryl, a technology company and subsidiary of Xponance, provides a web-based manager performance analytics and portfolio risk management platform that empowers investors. For more information, please contact info@xponance.com.
- Website
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http://www.xponance.com/
External link for Xponance, Inc.
- Industry
- Investment Management
- Company size
- 11-50 employees
- Headquarters
- Philadelphia, Pennsylvania
- Type
- Privately Held
- Founded
- 1996
- Specialties
- asset management, portfolio construction, risk management, and american fund
Locations
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Primary
1845 Walnut St
Suite 800
Philadelphia, Pennsylvania 19103, US
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2605 Meridian Pkwy
Suite 105
Durham, North Carolina 27713, US
Employees at Xponance, Inc.
Updates
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As we reach the midpoint of 2024, the economy grapples with familiar question that has persisted over the past couple of years. When will the substantial increase in interest rates significantly impact economic conditions? The famous “long and variable lag” associated with monetary policy appears to be slowing down the pace of growth. While stock markets continue to exude optimism, the fixed income landscape is adopting a more cautious stance. https://lnkd.in/g7yuPNNM
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In this update, we begin by reviewing the state of the economy as we enter the second half of the year. We then pivot to discussing the potential impact of Artificial Intelligence (AI) on the Utilities sector and the performance of the Technology sector, driven by ongoing AI trends. https://lnkd.in/epm_zj2z
AI's Power Surge: Systematic Global Equities Q2 2024 Update
https://www.xponance.com
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Combatants are preparing for battle. The summer of 2024 threatens to ignite transnational conflict with an unprecedented array of flashpoints never seen in the modern world. For the first time in history, the Cricket World Cup, Copa America, Euro Cup, and the Olympic Games will take place in the same summer. Already, this historic season of global sport is colored by global geopolitics on several fronts. Russia and Belarus were completely banned from the Euro Cup as well as all team sports at the Paris Olympics due to the war on Ukraine (individual Olympic athletes can apply to compete under a “non-affiliated” banner). Meanwhile there continues to be calls for Israel to be banned from the 2024 Paris games due to the ongoing war in Gaza. Tensions in France following the recent elections area already high in the Olympic host nation, where the Olympics themselves are already highly unpopular. Tensions within the games were already set to run high as French law forbids the wearing of hijabs and other headscarves during athletic events, setting the stage for protests by athletes, diplomatic schisms, and the intensification of cultural and religious conflict over the games. But while geopolitics are roiling the world of sports (or sports are roiling global geopolitics), what are the market implications to this backdrop of transnational frictions? After all, since Russia invaded Ukraine in February 2022, the S&P climbed by over +27%, global equities have climbed +16% and although Russian oil was slapped with export restrictions, global oil prices have decreased by -14%. Similarly, since the Oct. 7, 2023, attack on Israel by Hamas and the ongoing war in Gaza, Israeli stocks have gained +10%, Arab markets broadly are up +3%, and oil prices are flat. Indeed, apart from a few punctuated episodes here and there (the first Gulf War, 9/11, the Eurozone crisis, etc.) the last 40 years have seen geopolitics as largely a tailwind to global risk assets and not a source of concern. We believe the time of geopolitical tailwinds are largely behind us, and investors need to move beyond expected return models built through analyses of risk premia and asset correlations and reacquaint themselves with the new international order and its implications for markets. This piece from the desk of our CEO/CIO evaluates: How key geopolitical and political phase shifts underlying unfolding events will affect the macro environment, and ultimately, risk asset returns. How asset owners should evaluate geopolitical and political events. Then we will highlight eight specific takeaways on assets and markets that will be materially impacted by these phase shifts. But first, to understand where we are and where we are going, let us briefly revisit how geopolitics have been an underappreciated tailwind for the past 40 years. https://lnkd.in/e6f2uKMS
What? Me Worry? Geopolitics in the Age of Fiscal Largesse
https://www.xponance.com
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As the stock market reacts to Biden’s announcement, the latest Fed expectations and Q2 earnings, our senior portfolio manager of systematic equities Sumali Sanyal shares her take with The Wall Street Journal. She says earnings growth will be a crucial factor in determining whether the latest rotation into #smallcap will persist. Check out the full story here: https://lnkd.in/eTNEGD2U
A Stock-Market Rotation of Historic Proportions Is Taking Shape
wsj.com
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The Xponance team recognizes #Juneteeth as a day for introspection and reflection; a day to honor the past, celebrate the present, and contemplate further progress in the ongoing effort to foster equality and advancement in society.
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Our CEO and founder Tina Byles Williams recently sat down with Paul Olschwanger for an episode of the CFA Society Dallas/Fort Worth Charterholder Chatter podcast. In their conversation, they discuss Tina’s journey to founding Xponance and the obstacles she overcame along the way, as well as how Xponance is transforming access to alpha. Listen to the full episode here: https://lnkd.in/eNHQqX67 #women-owned #minority-owned #femalefounder
CFA DFW Charterholder Chatter: Episode 53: “Pushing Against the Boxes Imposed by Others”…the Amazing and Inspiring Journey of Tina Byles Williams on Apple Podcasts
podcasts.apple.com
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Hear our thoughts on the equity rally in China from Adam Choppin, CFA, APFI, Assistant Portfolio Manager of Multi-Manager Strategies.
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In our recent paper diving deep into the asset allocations of Japanese institutional and household investors (This Time is Different in Japan, But Maybe Not for the Reasons You Think), we discussed how the demand curve for Japanese equities appears likely to have shifted higher given changes in the risk preferences of Japanese households. While this should change the expected long-term valuations on Japanese equities, fundamental active managers focus largely on the value created by individual holdings and their expected returns to shareholders. Here too, there is reason to be bullish on Japanese equities, due to market reforms and interventions over the past decade. In this note, we will recap those reforms we see as most relevant for global stock pickers, followed by insights from a selection of our high conviction boutique managers. https://lnkd.in/ezxi4nZ8
This Time Is Different in Japan: Part 2: Q1 2024 Multi-Manager Platform Update
https://www.xponance.com
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Financial conditions have improved, GDP numbers look promising, corporate earnings have been better than anticipated, labor market conditions remain strong, manufacturing has increased, and market breadth has expanded. However, this has happened alongside higher-than-expected inflation figures, a rise in consumer debt, a fall in consumer spending, and dropping levels of consumer confidence. As we enter the second quarter of the year, market participants appear to be performing a balancing act on a tightrope amidst the crosscurrents of the macroeconomic data flow. https://lnkd.in/eRZxswRQ
Systematic Global Equities: Q1 2024 Update: Balancing on a Tightrope
https://www.xponance.com