U.S. Institutional Investors, Consultants Have Strong Interest in U.S. Focused Investment Products in February
A majority of the top 20 products reviewed by institutional investors and consultants in the United States had a U.S. geographic focus in February, according to the just released eVestment Advantage Viewership Report. This could mean interest in, or concern about, U.S.-focused investment products among U.S.-based consultants and investors as the new presidential administration gets settled in Washington, D.C.
Institutional investors and consultants in Europe and Asia-Pacific, on the other hand, had an overwhelmingly strong interest in “Global” focused products in February, according to the new report.
The Advantage Investment Viewership Report, generated through the eVestment Advantage solution, is based on tracking daily institutional investor and consultant reviews of investment universes and products on eVestment, the global leader in institutional investment data and analytics. The report looks at Global, United States, European and Asia-Pacific profile viewership activity.
eVestment Advantage data is updated daily and provides a look at how world events, economic news and other factors impact the universes and products institutional investors and their consultants are reviewing over any time period.
Some other interesting points from the report include:
- Products within the Master Limited Partnership (MLP) universe, which invest in MLP securities focused on energy infrastructure such as oil and gas pipelines, entered the U.S.-based client top 20 list of universes by average reviews per product in February. It remains to be seen whether this is the result of consultants and institutional investors expecting gains—arising from energy deregulation rhetoric and increases in US production from the rebound in oil prices—or fears—from uncertainty surrounding the impact of tax reform, if implemented.
- U.S.-based and Europe-based clients showed upticks in interest in alternatives. Month-over-month changes in universes by average reviews per product showed managed futures and FoHF macro/managed futures universes drawing the attention of U.S.-based clients and event driven and FoHF multi-strategy universes garnering attention from Europe-based clients.
- European client preferences diverged from their Asia-Pacific and U.S. counterparts in February, as balanced/multi-asset products made up half of the their top 20 most reviewed list compared to only one such product for both APAC and U.S.-based clients. The top two products by month-over-month change in the proportion of total European reviews however were both fixed income: Henderson Global Investors: Multi Asset Credit and Goldman Sachs Asset Management: Global Credit Broad. All products on Europe’s top 20 list were globally focused.
- Similar to last month’s findings with GQG Partners’ GQG Emerging Markets Equity product, consultants and institutional investors continued reviewing newly added products in February. Villanova Investment Management Company’s Small Cap Value equity product, launched six months ago and added to the eVestment database in late January, experienced the second largest month-over-month change in the proportion of total global (all client) reviews.
The lists of the top reviewed products and universes are below. To see lists of the top universes and products that saw the largest uptick in month over month reviews, please click here or use this link https://www.evestment.com/resources/top-platform-rankings/top-institutional-products-and-universes/.
Top Reviewed Products by Total Reviews (lists may exceed 20 in the event of ties)
|
Global (All Clients) |
Rank |
Geographic |
Asset Class |
|
Aberdeen Asset Management PLC: Emerging Markets Equity |
1 |
Global Emg Mkts |
Equity |
|
Sands Capital Management, LLC: Select Growth |
2 |
United States |
Equity |
|
Grantham, Mayo, Van Otterloo & Co. LLC: GMO Benchmark-Free Allocation Strategy |
3 |
Global |
Balanced/Multi-Asset |
|
Hexavest Inc.: Hexavest Global Equity |
3 |
Global |
Equity |
|
Causeway Capital Management LLC: Causeway International Value Equity |
5 |
EAFE |
Equity |
|
Dodge & Cox: Dodge & Cox U.S. Equity |
6 |
United States |
Equity |
|
Walter Scott & Partners Limited: Global Strategy |
7 |
Global |
Equity |
|
Shenkman Capital Management, Inc.: Shenkman Capital High Yield Bond Strategy |
8 |
United States |
Fixed Income |
|
Capital Group: American Funds EuroPacific Growth Fund |
9 |
ACWI Ex-US |
Equity |
|
Baird Advisors: Core Bond |
10 |
United States |
Fixed Income |
|
Standard Life Investments Limited: Global Absolute Return Strategy (GARS) GTAA |
11 |
Global |
Balanced/Multi-Asset |
|
Polaris Capital Management LLC: International Equity |
11 |
EAFE |
Equity |
|
Loomis, Sayles & Company, L.P.: Large Cap Growth |
13 |
United States |
Equity |
|
Jennison Associates LLC: Large Cap Growth Equity |
13 |
United States |
Equity |
|
WCM Investment Management: Focused Growth International |
15 |
ACWI Ex-US |
Equity |
|
Artisan Partners Limited Partnership: Artisan Non-U.S. Growth |
15 |
EAFE |
Equity |
|
Polen Capital Management, LLC: Polen Focus Growth |
17 |
United States |
Equity |
|
Elk Creek Partners LLC: Elk Creek Partners Small Cap Growth |
17 |
United States |
Equity |
|
Pyrford International Ltd: International Equity |
19 |
EAFE |
Equity |
|
Sands Capital Management, LLC: Global Growth |
20 |
Global |
Equity |
|
Asia-Pacific Clients |
Rank |
Geographic |
Asset Class |
|
MFS Investment Management: MFS Global Equity |
1 |
Global |
Equity |
|
Fulcrum Asset Management: Fulcrum Diversified Absolute Return Strategy (DAR) |
2 |
Global |
Balanced/Multi-Asset |
|
PIMCO: Global Investment Grade Credit |
3 |
Global |
Fixed Income |
|
Capital Group: Japan Equity |
3 |
Japan |
Equity |
|
12th Street Asset Management Company LLC: 12th Street Opportunity |
3 |
United States |
Equity |
|
PGIM Fixed Income: PGIM Fixed Income Global Aggregate Plus Fixed Income |
6 |
Global |
Fixed Income |
|
Loomis, Sayles & Company, L.P.: Global Credit |
6 |
Global |
Fixed Income |
|
American Beacon Advisors, Inc.: American Beacon Large Cap Value Fund – Institutional Class |
6 |
United States |
Equity |
|
Veritas Asset Management LLP: Veritas Global Focus Fund |
9 |
Global |
Equity |
|
Orbis Investment Management Limited: Orbis Global Equity |
9 |
Global |
Equity |
|
Orbis Investment Management Limited: Orbis Japan Equity |
9 |
Japan |
Equity |
|
Ardevora Asset Management: Ardevora Global Long-only Equity |
9 |
Global |
Equity |
|
Aberdeen Asset Management PLC: Global Equity |
13 |
Global |
Equity |
|
The Boston Company Asset Management, LLC: US Dynamic Large Cap Value |
14 |
United States |
Equity |
|
Kapstream Capital Pty Ltd: Global Absolute Return (AUD cash + 2-3%) |
14 |
Global |
Fixed Income |
|
Henderson Global Investors: Global Index Opportunities |
14 |
Global |
Equity |
|
Janus Capital Management LLC: Janus Global Research Growth Equity |
14 |
Global |
Equity |
|
San Juan Asset Management, Inc.: Global Long Only |
18 |
Global |
Equity |
|
Levin Capital Strategies, LP: Large Cap Value-Concentrated |
18 |
United States |
Equity |
|
Legal & General Investment Management: Global Corporate Fixed Income (Active) |
18 |
Global |
Fixed Income |
|
Northcape Capital Pty Ltd: Northcape Global Emerging Markets B Equity |
18 |
Global Emg Mkts |
Equity |
|
Pzena Investment Management, LLC: Pzena Global Expanded Value |
18 |
Global |
Equity |
|
Dalton Investments LLC: Dalton Japan Equity |
18 |
Japan |
Equity |
|
Harris Associates L.P.: Global |
18 |
Global |
Equity |
|
Baillie Gifford & Co: Long Term Global Growth |
18 |
Global |
Equity |
|
Europe Clients |
Rank |
Geographic |
Asset Class |
|
Standard Life Investments Limited: Global Absolute Return Strategy (GARS) GTAA |
1 |
Global |
Balanced/Multi-Asset |
|
Veritas Asset Management LLP: Veritas Global Focus Fund |
2 |
Global |
Equity |
|
BlackRock: Dynamic Diversified Growth |
3 |
Global |
Balanced/Multi-Asset |
|
Invesco, Ltd: Global Targeted Returns (Henley) |
4 |
Global |
Balanced/Multi-Asset |
|
Aviva Investors: Multi-Strategy Target Return |
4 |
Global |
Balanced/Multi-Asset |
|
Henderson Global Investors: Multi Asset Credit |
6 |
Global |
Fixed Income |
|
Goldman Sachs Asset Management: Global Credit Broad |
6 |
Global |
Fixed Income |
|
Aberdeen Asset Management PLC: Emerging Markets Equity |
6 |
Global Emg Mkts |
Equity |
|
M&G Investment Management Ltd: M&G Alpha Opportunities Fund |
9 |
Global |
Fixed Income |
|
Amundi: Emerging Market Focus |
10 |
Global Emg Mkts |
Equity |
|
Fulcrum Asset Management: Fulcrum Diversified Absolute Return Strategy (DAR) |
11 |
Global |
Balanced/Multi-Asset |
|
Schroder Investment Management: Diversified Growth / GTAA |
12 |
Global |
Balanced/Multi-Asset |
|
Nordea Investment Management AB (Denmark branch): Stable Return – Diversified Growth Strategy |
12 |
Global |
Balanced/Multi-Asset |
|
Investec Asset Management: Diversified Growth |
12 |
Global |
Balanced/Multi-Asset |
|
Newton Investment Management: Newton Real Return GBP |
15 |
Global |
Balanced/Multi-Asset |
|
Polaris Capital Management LLC: Global Equity |
15 |
Global |
Equity |
|
MFS Investment Management: MFS Global Equity |
15 |
Global |
Equity |
|
Grantham, Mayo, Van Otterloo & Co. LLC: GMO Benchmark-Free Allocation Strategy |
15 |
Global |
Balanced/Multi-Asset |
|
DSM Capital Partners LLC: DSM Global Growth Equity |
19 |
Global |
Equity |
|
PanAgora Asset Management, Inc.: Dynamic Global Equity – Active |
20 |
Global |
Equity |
|
United States Clients |
Rank |
Geographic |
Asset Class |
|
Sands Capital Management, LLC: Select Growth |
1 |
United States |
Equity |
|
Dodge & Cox: Dodge & Cox U.S. Equity |
2 |
United States |
Equity |
|
Causeway Capital Management LLC: Causeway International Value Equity |
3 |
EAFE |
Equity |
|
Aberdeen Asset Management PLC: Emerging Markets Equity |
4 |
Global Emg Mkts |
Equity |
|
Hexavest Inc.: Hexavest Global Equity |
5 |
Global |
Equity |
|
Shenkman Capital Management, Inc.: Shenkman Capital High Yield Bond Strategy |
6 |
United States |
Fixed Income |
|
Grantham, Mayo, Van Otterloo & Co. LLC: GMO Benchmark-Free Allocation Strategy |
7 |
Global |
Balanced/Multi-Asset |
|
Capital Group: American Funds EuroPacific Growth Fund |
8 |
ACWI Ex-US |
Equity |
|
Baird Advisors: Core Bond |
9 |
United States |
Fixed Income |
|
Polaris Capital Management LLC: International Equity |
10 |
EAFE |
Equity |
|
Loomis, Sayles & Company, L.P.: Large Cap Growth |
11 |
United States |
Equity |
|
Elk Creek Partners LLC: Elk Creek Partners Small Cap Growth |
12 |
United States |
Equity |
|
Artisan Partners Limited Partnership: Artisan Non-U.S. Growth |
13 |
EAFE |
Equity |
|
Jennison Associates LLC: Large Cap Growth Equity |
14 |
United States |
Equity |
|
Harding Loevner LP: International Equity |
15 |
ACWI Ex-US |
Equity |
|
Dodge & Cox: Dodge & Cox Core Fixed Income |
16 |
United States |
Fixed Income |
|
Polen Capital Management, LLC: Polen Focus Growth |
17 |
United States |
Equity |
|
WCM Investment Management: Focused Growth International |
18 |
ACWI Ex-US |
Equity |
|
Jackson Square Partners, LLC: Large-Cap Growth Equity |
19 |
United States |
Equity |
|
Wellington Management Company LLP: Small Cap Opportunities |
20 |
United States |
Equity |
Top Universes by Average Reviews Per Product (lists may exceed 20 in the event of ties)
|
Global (All Clients) |
Rank |
|
ACWI ex-US All Cap Growth Equity |
1 |
|
EAFE All Cap Value Equity |
2 |
|
EAFE Small Cap Core Equity |
3 |
|
Emerging Mkts All Cap Growth Equity |
4 |
|
EAFE Large Cap Value Equity |
5 |
|
EAFE All Cap Growth Equity |
6 |
|
Emerging Mkts All Cap Core Equity |
7 |
|
Global Mid Cap Value Equity |
8 |
|
ACWI ex-US Large Cap Value Equity |
9 |
|
Liquid Real Assets |
10 |
|
Emerging Mkts All Cap Value Equity |
11 |
|
Emerging Mkts Large Cap Value Equity |
12 |
|
US Small Cap Growth Equity |
13 |
|
Global All Cap Growth Equity |
14 |
|
ACWI ex-US All Cap Value Equity |
15 |
|
US Large Cap Growth Equity |
16 |
|
US Small Cap Value Equity |
17 |
|
Global Tactical Asset Allocation – Hedged |
18 |
|
US Small-Mid Cap Growth Equity |
19 |
|
EAFE Small Cap Value Equity |
20 |
|
Asia-Pacific Clients |
Rank |
|
EAFE Large Cap Growth Equity |
1 |
|
EAFE Small Cap Growth Equity |
2 |
|
EAFE Extended Equity |
3 |
|
Japan Large Cap Core Equity |
4 |
|
South Africa Equity |
5 |
|
Asia Fixed Income – Hard Currency |
5 |
|
Japan All Cap Growth Equity |
7 |
|
Global Credit Fixed Income |
8 |
|
US Corporate Fixed Income |
9 |
|
US All Cap Value Equity |
10 |
|
Global Enhanced Equity |
11 |
|
Japan Large Cap Value Equity |
11 |
|
US Municipal Fixed Income |
13 |
|
Global All Cap Growth Equity |
14 |
|
Japan All Cap Core Equity |
15 |
|
SMA/Wrap – Global Equity |
16 |
|
Global Large Cap Growth Equity |
16 |
|
Emerging Mkts Large Cap Value Equity |
18 |
|
Global All Cap Core Equity |
19 |
|
ACWI ex-US All Cap Core Equity |
20 |
|
Europe Clients |
Rank |
|
US Small-Mid Cap Growth Equity |
1 |
|
Global Mid Cap Value Equity |
2 |
|
US Small Cap Core Equity |
3 |
|
UK Passive Equity |
3 |
|
US Small Cap Growth Equity |
5 |
|
Macro – Quantitative |
6 |
|
Global Large Cap Growth Equity |
7 |
|
UK Large Cap Value Equity |
8 |
|
US Enhanced Cash Management |
9 |
|
Emerging Mkts Large Cap Growth Equity |
9 |
|
Global Floating-Rate Bank Loan Fixed Income |
11 |
|
Europe ex-UK Large Cap Growth Equity |
12 |
|
Global Passive Equity |
13 |
|
UK Core Plus Fixed Income |
14 |
|
Relative Value – Multi-Market Arbitrage |
15 |
|
UK Passive Fixed Income |
16 |
|
Asia ex-Japan Large Cap Equity |
17 |
|
Emerging Mkts Fixed Income – Local Currency |
18 |
|
UK Corporate Fixed Income |
19 |
|
Pan-Europe Small Cap Equity |
20 |
|
United States Clients |
Rank |
|
EAFE All Cap Value Equity |
1 |
|
EAFE Small Cap Core Equity |
2 |
|
Global Mid Cap Value Equity |
3 |
|
EAFE Large Cap Value Equity |
4 |
|
EAFE All Cap Growth Equity |
5 |
|
ACWI ex-US Large Cap Value Equity |
6 |
|
Liquid Real Assets |
7 |
|
ACWI ex-US All Cap Value Equity |
8 |
|
ACWI ex-US Small Cap Value Equity |
9 |
|
ACWI ex-US Small Cap Growth Equity |
10 |
|
US Micro Cap Growth Equity |
11 |
|
EAFE All Cap Core Equity |
12 |
|
Master Limited Partnership (MLP) |
13 |
|
EAFE Small Cap Growth Equity |
14 |
|
US Passive Large Cap Growth Equity |
15 |
|
US Passive Mid Cap Equity |
16 |
|
Multi-Strategy Broad Capital Structure |
17 |
|
US High Yield Municipal Fixed Income |
18 |
|
US Passive Russell 1000 Equity |
19 |
|
US Micro Cap Value Equity |
19 |
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About eVestment
eVestment provides a flexible suite of easy-to-use, cloud-based solutions to help the institutional investing community identify and capitalize on global investment trends, better select and monitor investment managers and more successfully enable asset managers to market their funds worldwide. eVestment’s mission is to help make smart money smarter.
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