This webinar presents Scientific Beta’s equity inflation indices, the first in a series of macroeconomic factor indices that provide long-term equity performance with additional inflation protection compared to a traditional cap-weighted equity index. Their high liquidity makes them ideal candidates as a replacement of cap-weighted indices in a multi-asset portfolio.
Overview
The unprecedented fiscal stimulus announced in the US and the re-opening of economies has raised fears of inflation re-emerging. Whether these fears materialise or not investors are thinking about ways of protecting the real purchasing power of their investment against a rise in inflation. Only Treasury Inflation-Protected Securities (TIPS) can be a perfect inflation hedge but this hedge comes with a high opportunity cost, especially in a negative interest rate environment. Other asset classes such as commodities may offer some inflation-protection qualities but unfortunately commodities do not offer a long-term rewarded risk premium. Faced with this dilemma, inflation-friendly equity indices are an attractive proposition since these indices not only offer better protection to inflation surprises than a cap-weighted equity index but also provide access to the equity risk premium over the long-term to buy more annuities or bonds in retirement.
In this webinar, we present Scientific Beta’s equity inflation indices, the first in a series of macroeconomic factor indices, that provide long-term equity performance with additional inflation protection compared to a traditional cap-weighted equity index. Their high liquidity makes them ideal candidates as a replacement of cap-weighted indices in a multi-asset portfolio.
During this webinar, we cover the following topics:
Hosts
The webinar was hosted by:
Felix Goltz, PhD, Research Director, Scientific Beta
Felix Goltz, PhD, is Research Director at Scientific Beta. He has been with Scientific Beta since inception. He carries out research in empirical finance and asset allocation, with a focus on alternative investments and indexing strategies. His work has appeared in various international academic and practitioner journals and handbooks, including the Journal of Portfolio Management, the Financial Analysts Journal, the Journal of Index Investing, the Journal of Investment Management and the Handbook of Finance (Wiley). He obtained an MSc and a PhD in finance from the University of Nice Sophia-Antipolis after studying economics and business administration at the University of Bayreuth and EDHEC Business School.
Dimitris Korovilas, PhD, Investment Product Specialist, Scientific Beta
Dimitris Korovilas is an Investment Specialist in the Business Development Division of Scientific Beta. Prior to joining Scientific Beta in 2019, he held a Vice President position in the Investment Strategies division of investment bank Citigroup. He has worked on a range of topics including equity factor indices, multi-asset risk premia, portfolio construction and volatility-based strategies. He holds a PhD in finance from the ICMA Centre, Henley Business School in the UK and a Master’s degree from the same school. His doctoral research has appeared in international academic journals.
Eric Shirbini, PhD, Global Research and Investment Solutions Director, Scientific Beta
Eric Shirbini, PhD, is Global Research and Investment Solutions Director with Scientific Beta. Prior to joining Scientific Beta in 2011, Eric worked for close to twenty years as a quantitative analyst for investment banks including UBS, BNP Paribas and Nomura International. During this time he worked on a diverse range of topics including multi-factor models, fundamental stock valuation, equity market indices, portfolio construction and portfolio trading. At Nomura International, he served as Director of Quantitative Research and at BNP Paribas, he managed a team of analysts who were responsible for the Global Equity Research Database. He has also served for over twenty years on index management committees. He holds a B.Sc. and a Ph.D. from University College London and an MBA from CASS Business School.
Date/Time:
Tuesday 8 June, 2021 at 3.30pm Singapore Time/9.30am CEST for the Asian/European region and at 10.30am EDT/4.30pm CEST for the North American/European region.