In order to examine the European ETF markets in further detail, a review of the Lipper global classifications will lead to more insights on the structure and concentration of assets within the European ETF industry. At the end of December 2024, the European ETF market was split into 168 different peer groups. The highest assets under management at the end of December were held by funds classified as Equity U.S. (€558.4 bn), followed by Equity Global (€376.6 bn), Equity Emerging Markets Global (€88.7 bn), Equity Europe (€85.7 bn), and Equity Eurozone (€64.2 bn). These five peer groups accounted for 56.38%

To date, 128 of the 195 companies in our Retail/Restaurant Index have reported their EPS results for Q4 2024, representing 66% of the index. Of those companies that have reported their quarterly results, 74% announced profits that beat analysts’ expectations, while 7% delivered on-target results and 19% reported earnings that fell below estimates. The Q4 2024 blended earnings growth estimate now stands at 14.4%. The blended revenue growth estimate for the 195 companies in this index is 4.0% for Q4 2024. Of those companies that have reported their quarterly results so far, 73% announced revenue that exceeded analysts’ expectations and

Despite the fact that media coverage around sustainability in general has gone further down over the course of 2024, it is important to have a look at the estimated net flows in the European ETF industry by SFDR article to determine if investors have returned to sustainable investment strategies or if they still prefer ETFs without any sustainability related screening criteria. As for the year 2023, ETFs classified as article 6 products (+€214.1 bn) enjoyed the highest inflows over the course of 2024, followed by ETFs classified under article 8 of the SFDR (+€43.3 bn). Conversely, ETFs classified under article

Market Performance Performance was mixed in February on an equal-weight basis.  Developed Europe and U.S. saw the strongest performance with prices rising by 2.1% and 1.6%, while Japan and Canada declined by 2.2% and 1.4%.  Emerging Markets was mixed with underperformance led by Taiwan (-9.2%), while Brazil saw the strongest performance (6.5%). Long-Short Performance Looking at top-bottom decile spreads for January, Analyst Revision Model (ARM), Price Momentum (PMO), Combined Alpha Model (CAM), and MarketPsych Media Sentiment (MMS) saw the greatest breadth with positive decile spreads in most regions and countries covered in this report. Hong Kong and China showed the

I saw a conference presentation recently on how underexposed the wealth management industry was to alternative investment products, relative to the broad market. Despite this, alternatives have suffered the largest outflows by asset class—or £2.37bn—between January and October. The next largest redemptions are at £1.31bn, for real estate. It’s an interesting trend, as many pundits have tipped alternatives as an attractive bolt-hole for investors in increasingly febrile and unpredictable markets. Investors, clearly, remain  unconvinced. Cost might have something to do with it. Investors are becoming increasingly focused on what they pay, and, in aggregate, alternatives are the most expensive asset

Each year, the LSEG Proprietary Research team publishes an earnings season forecast, where we identify five companies we expect to beat earnings expectations and five companies we predict will miss. Our analysis focuses on companies domiciled in Europe, leveraging analytics from the StarMine SmartEstimate and Predicted Surprise available in LSEG Workspace. These tools help us refine consensus estimates and highlight potential market surprises by overweighting the more timely and accurate analysts, allowing us to pinpoint discrepancies and deliver sharper predictions for the upcoming earnings season. Our Europe selections for FY 2023 were 80% accurate, which can be viewed here.  

In February 2024, the LSEG Proprietary Research team published our Europe fiscal year 2023 earnings surprise candidates based on StarMine predictive analytics models. Of these FY23 Europe earnings surprise candidates picks, 80% were correct. The StarMine SmartEstimate®  is a weighted average of analyst estimates, with more weight given to more recent estimates and more accurate analysts. Our studies have shown that when the SmartEstimate® differs significantly from the consensus (IBES Mean), the Predicted Surprise accurately predicts the direction of earnings surprises or further revisions 70% of the time. When significant Predicted Surprise for revenue is also present for the period, the accuracy

Market Performance Most developed and emerging markets fell in December on an equal-weight basis.  U.S. saw the weakest performance with prices falling by 6.3%, while Emerging Markets declined by 2.2%.  Emerging Market underperformance was led by Brazil (-5.8%), followed by China (-4.8%), and Taiwan (-0.8%).  Japan and Developed Europe saw prices rise by 2.8% and 1.9%. Long-Short Performance Looking at top-bottom decile spreads for December, MarketPsych Media Sentiment (MMS) and Intrinsic Value (IV) saw the greatest breadth with positive decile spreads in most regions. Emerging Markets (EM) saw the strongest breadth, with positive decile spreads across all models in this

Each year, the LSEG Proprietary Research team publishes an earnings season forecast, where we identify five companies we expect to beat earnings expectations and five companies we predict will miss. Our analysis focuses on companies domiciled in Asia, leveraging analytics from the StarMine SmartEstimate and Predicted Surprise available in LSEG Workspace. These tools help us refine consensus estimates and highlight potential market surprises by overweighting the more timely and accurate analysts, allowing us to pinpoint discrepancies and deliver sharper predictions for the upcoming earnings season. Our Asia selections for FY 2023 were 70% accurate, which can be viewed here.  

Each quarter, the LSEG Proprietary Research team publishes an earnings season forecast, where we identify five companies we expect to beat earnings expectations and five companies we predict will miss. Our analysis focuses on companies within the Russell 1000 index, leveraging analytics from the StarMine SmartEstimate and Predicted Surprise available in LSEG Workspace. These tools help us refine consensus estimates and highlight potential market surprises by overweighting the more timely and accurate analysts, allowing us to pinpoint discrepancies and deliver sharper predictions for the upcoming earnings season. Our Russell 1000 selections for 2024 Q3 were 70% accurate, which can be

In October 2024, we published our 2024 Q3 earnings surprise candidates based on StarMine predictive analytics. Using the Russell 1000 Index as our universe, our earnings surprise predictions scored 70% correct. The StarMine SmartEstimate®  is a weighted average of analyst estimates, with more weight given to more recent estimates and more accurate analysts. Our research has shown that when the SmartEstimate® differs significantly from the consensus (I/B/E/S Mean), the Predicted Surprise accurately predicts the direction of earnings surprises 70% of the time. When significant Predicted Surprise for revenue is also present for the period, the accuracy improves to 78%. Since 2011

Market Performance Most global and emerging market equities fell in October on an equal-weight basis, apart from North America.  Canada saw prices rise by +1.8%, while the U.S. gained +1.0%. Hong Kong saw prices fall by 5.3%, while India saw a decline of 5.1%.  Brazil, Korea, and Japan saw prices fall by 3.6%, 2.6%, and 2.5%, respectively. Long-Short Performance Looking at top-bottom decile spreads for October, Analyst Revision Model (ARM) was the strongest performing model with positive decile spreads in all regions except for Japan.  Price Momentum (PMO), Value-Momentum (Val-Mo), and the Combined Alpha Model (CAM) performed well in most