Passive is Massive – But Not All Beta is the Same
Passive is Massive – But Not All Beta is the Same
The global investment landscape has been utterly transformed by the growth of passive investing, which has helped lower costs and improve outcomes. As the balance of power has shifted, a few index providers now control share and dictate terms, giving rise to a new set of concerns. Meanwhile, investors face a dizzying array of options that includes not just traditional market exposure benchmarks, but also rules-based passive strategies and environmental, social, and governance-screened indices. Just as traditional beta has become commoditized, differentiated beta has become the new active. When is it ‘smart’ to research beta? How ‘sustainable’ is indexing really?
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Fees
free for members and non-members -
3
speakers -
1 hour
of CPD -
Online
BrightTALK
Event Details
THE BASICS
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- Pension Scheme Managers
- Trustees
- Administrators
- Policy advisers
- Consultants
- Lawyers
- Corporate IFAs
- Investment managers
- Actuaries
- Communication professionals
Speakers
Dan Lefkovitz has served as strategist for Morningstar’s Index group since 2015, producing research supporting Morningstar’s indexing capabilities across a range of asset classes and investment types. He authors white papers, appears in the media and at conferences, and frequently contributes to Morningstar research platforms. Previously, he spent 11 years on Morningstar’s manager research team. He held several different roles, including senior fund analyst and director of Morningstar’s institutional research service. From 2008-2012, he was based in Morningstar’s London office helping to build Morningstar’s research capability in Europe and Asia during which time he participated in the development of the Morningstar Analyst Rating™. As an analyst, he specialized in global equities strategies and edited the Fidelity Fund Family newsletter. Prior to joining Morningstar in 2004, Lefkovitz served as director of risk analysis for Marvin Zonis + Associates, a Chicago-based geopolitical and macroeconomic risk consultancy. During this time, he coauthored Risk Rules: How Local Politics Threaten the Global Economy (Agate).
Lefkovitz holds a bachelor’s degree from the University of Michigan and a master’s degree from the University of Chicago.
Gareth is Chief Indexing Officer at Morningstar. He works with clients to ensure they have access to the best possible indexes or custom indexes for their purposes. He also looks after the company’s index governance, its index governance business and its governance responsibilities to clients. Additionally, Gareth serves as Chair of various internal and external index oversight and index management committees, including for Morningstar, Airbus and OPIS.
Prior to joining Morningstar he co-founded the index calculation & governance services company Moorgate Benchmarks, which was sold to Morningstar in September 2021, and before that held various senior roles at FTSE, S&P and Russell Investments.
Natalia Fuentes has been at Sustainalytics for over 5 years, working as part of the Sales team. Over the last 2 years based in London and having worked previously in the Asia-Pacific region (Sydney), with a focus on Australia and New Zealand. She works closely with prospects and clients across the UK to help them integrate ESG, corporate governance research and engagement services into their investment processes.
Prior to joining Sustainalytics in 2018, Natalia led the Client Solutions team for Morningstars’ institutional platform in Sydney. For over six years, she supported asset managers and the adviser segment by providing solutions, such as access to a broad set of tools and research, to better analyse and monitor company and portfolio performance.
