Q&A with QMA: X-Factor
Stock prices have continued to pull further and further away from fundamentals. Speculative growth firms, in particular, are priced at extreme levels, as investors have become overly optimistic about their future growth potential. In a new Q&A with QMA, we test for the presence of an x-factor, and determine whether or not the current pricing for growth stocks is supportable.
Rethinking ESG Investing: Core-Satellite Framework
QMA believes that ESG offerings will continue to evolve, and that a core-satellite approach will serve investors well to achieve their overall goals. In this Q&A, Gavin Smith, PhD, Portfolio Manager, Quantitative Equity, QMA, discusses the difficulties with current ESG offerings, as well as the likely evolution of viable frameworks for ESG investors.
3Q19 Outlooks & Reviews: Investment Opportunities Amidst Prolonged Economic Uncertainties
Increased trade tensions, market volatility and dovish federal policies have left investors with many uncertainties about the months ahead. PGIM experts cut through the noise in our latest quarterly outlooks.
2019 Q2 Capital Market Assumptions
QMA’s Capital Market Assumptions provide 10-year forward-looking expectations for the most widely held equity, fixed income and non-traditional asset classes, measuring both return and risk. They underpin our long-run outlook for strategic allocations and multi-asset portfolios.