Continue active refreshing of this index's data?
Continue active refreshing of this index's data?
Whitepapers
Most Recent Whitepapers
![Tracking error: making sense of a key investment statistic](https://stoxx.com/wp-content/uploads/2023/05/PO610-listing-1.jpg)
A new Qontigo article revisits the concept of tracking error, a metric that’s gaining even more attention amid the growth of sustainable portfolios. Hamish Seegopaul, Global Head for Index Product Innovation at Qontigo, addresses some key questions, including: How should the various degrees of tracking error be interpreted? Does the metric tell us much in terms of the future? And can we control this?
![Tracking Error 101: The Intuition Behind Measurement and Control](https://stoxx.com/wp-content/uploads/2023/05/Tracking-error-101-intro-900x350.jpg)
This article provides a high-level refresher of what tracking error means, and how we can embed it directly into portfolio construction.
![Green efficient frontiers: Minimizing the risk impact of exclusions in sustainable portfolios](https://stoxx.com/wp-content/uploads/2023/04/PO600-intro-900x350.jpg)
Index | ESG & Sustainability
Green efficient frontiers: Minimizing the risk impact of exclusions in sustainable portfolios
A new whitepaper from Qontigo’s research team explores the benefits of constructing an exclusions portfolio with an optimizer, which helps limit active risk and frees up capital to allocate towards sustainability or performance objectives.
![Green efficient frontiers. Part 1: Minimizing the risk impact of exclusions](https://stoxx.com/wp-content/uploads/2021/03/Blue-and-Green-original-intro-900x350.jpg)
Our analysis shows how an optimized sustainability index can decrease active risk and free up more of the risk budget to be allocated to the desired sustainability metric(s), making the resulting portfolio a suitable replacement for a traditional benchmark.
![Why have emerging markets become less risky than their developed counterparts?](https://stoxx.com/wp-content/uploads/2023/02/EM3-intro-900x350.jpg)
Since late 2021, the STOXX Emerging Markets 1500 index has shown lower forecast and realized volatility than the STOXX Global 1800, a benchmark for developed economies. Using Axioma’s Factor Risk Models, a new whitepaper from Qontigo’s Applied Research team investigates the drivers of this anomaly.
![Why have emerging markets become less risky than developed markets?](https://stoxx.com/wp-content/uploads/2023/02/WP_EMDM-900x350.jpg)
Throughout 2022 and into 2023, the EM gauge has shown lower forecast and realized volatility than the global DM benchmark. A new whitepaper investigates the drivers of this anomaly.
![The Metaverse: investing at the new digital frontier](https://stoxx.com/wp-content/uploads/2023/01/PO580-intro-900x350.jpg)
The recently launched STOXX Global Metaverse Index uses a sophisticated methodology to screen those companies with the most relevant patents in technologies associated with the Metaverse. This allows investors to target innovators whose products and services are likely to be leading the transition to the virtual world in the coming years. A new Qontigo whitepaper explores the index in detail.
![Using patent data to capture the greatest innovators in the Metaverse](https://stoxx.com/wp-content/uploads/2023/01/shutterstock_2248570405-900x350.jpg)
In this paper, we explore the rationale and methodology behind the construction of the index. We start by explaining the concept of megatrends and how they can be captured through thematic indexing, using a multifaceted approach. We look as well at the index performance before concluding with an outlook on the opportunities for the Metaverse in the years to come.
![Qontigo whitepaper examines the sustainability accomplishments of ESG funds](https://stoxx.com/wp-content/uploads/2022/10/PO560-intro-900x350.jpg)
Index | ESG & Sustainability
Qontigo whitepaper examines the sustainability accomplishments of ESG funds
ESG funds can target very different objectives and their names mean very different things. So, what, in reality, are their overall achievements when it comes to broad sustainability metrics? What active risk are investors taking on to accomplish them? And can optimization help balance sustainability and risk? A new whitepaper from Qontigo examines these matters.
![What’s in a name: The ESG edition](https://stoxx.com/wp-content/uploads/2022/10/Buildings_Solar_900x350.png)
In this paper, our goal is to show how sustainability ETF exposures to a number of sustainability-related factors may vary. It is eminently clear to us that investors with a view about key sustainability features cannot rely on the fund name, but instead need to do more digging into whether their fund meets the required criteria.
![Not so fast. Factor investing is alive and doing well!](https://stoxx.com/wp-content/uploads/2022/07/PO538-original-2-900x350.jpg)
A new white paper from Qontigo analyzes the components of a multi-factor alpha forecast in a universe of US stocks. The alpha has enhanced market returns over the last 20 years, with 2021 showing the best annual results.
![The future of school and play: a look at the STOXX Global Digital Entertainment and Education Index](https://stoxx.com/wp-content/uploads/2022/07/PO537-intro-900x350.jpg)
Index | Thematic Investing
The future of school and play: a look at the STOXX Global Digital Entertainment and Education Index
We examine the composition and profile of the STOXX Global Digital Entertainment and Education Index, a thematic index that underlies a new iShares ETF, for investors interested in understanding the portfolio’s composition and drivers of returns.