PSN Top Guns identifies managed account strategies that
benefitted during Q1 2023 as financial markets continued to ebb and
flow on the actions and words of the Federal
Reserve
NEW
YORK, June 8, 2023 /PRNewswire/ -- Zephyr, a
subsidiary of Informa plc (LSE: INF), and a recognized leader in
investment management technology for wealth managers and advisors,
has released its highly anticipated PSN Top Guns
List for Q1 2023. The list is an important reference for
plan sponsors, investors and asset managers, showcasing the best
performing separate accounts, managed accounts, and managed ETF
strategies each quarter. Zephyr PSN is the longest running SMA
database in the world and leads the way in providing unbiased, high
quality, detailed information across 2000 data points.
Despite the banking concerns, international
equities experienced a strong quarter and outpaced U.S.
equities.
"U.S. equities experienced a spike in volatility following the
collapse of SVB, as concerns over the health of the banking sector
spiked," says Zephyr's Market Strategist Ryan Nauman about the
quarter. "Despite the banking concerns, international equities
(MSCI World ex. US index +8.19) experienced a strong quarter and
outpaced U.S. equities."
Nauman reviewed three universes for this quarter's PSN Top Gun
List. Below are some of the strategies that make up the PSN Top
Guns Large Cap Growth Universe:
- Dana Investment Advisors, Inc.: Dana Unconstrained Equity
Strategy (+27.5% for the quarter)
- Merlin Asset Management: Merlin Focused LCG Equity (MO25M)
(+23.6% for the quarter)
- The Ithaka Group, LLC: Ithaka US Large-Cap Growth Strategy
(+21.8% for the quarter)
"Equity volatility rose during the quarter with concerns about
the banking sector spreading across developed markets as UBS
purchased troubled lender Credit Suisse," adds Nauman.
The following strategies made the PSN Top Guns list for the
International Equity Universe:
- Artisan Partners Limited Partnership: Artisan Developing World
(+22.9% for the quarter)
- Morgan Stanley Investment Management: International Advantage
(+18.1% for the quarter)
- Comgest Asset Management Intl Ltd.: Pan Europe Equity (+16.5%
for the quarter)
"The fallout from the SVB collapse overshadowed some concerns
that inflation might remain stubborn, resulting in a fall in
yields," continued Nauman. "Sovereign bond yields around the globe
fell during the quarter as some central banks started to slow the
pace of their rate hikes and concerns about the banking sector
grew."
Below are some of the strategies that make up the PSN Top
Guns Long Maturity Universe:
- Fidelity Institutional Asset Mgmt.: Long U.S. Treasury STRIPS
Index (+9.8% for the quarter)
- State Street Global Advisors: 20+ Year U.S. Treasury STRIPS
Index (+8.9% for the quarter)
- Jennison Associates LLC: Jenn Long Conservative US Tsy STRIPS
(+8.4% for the quarter)
Nauman's complete Q1 2023 Top Guns Commentary can be viewed on
the company's website. The complete list of PSN Top Guns and
an overview of the methodology, can be found here. If you do
not have a login, you may register for complimentary access.
If you would like to learn more about becoming a part of the PSN
database or would like to subscribe to PSN data, visit
PSN.
About PSN
For nearly four decades, PSN has been a top resource for
investment professionals. Asset managers rely on Zephyr's PSN to
effectively reach institutional and retail investors rely. Over
2,800 firms, 285 universes, and more than 21,000 products comprise
the PSN SMA database showing asset breakdowns, compliance, key
personnel, ownership diversity, ESG, business objectives and
strategy, style, fees, GIC sectors, fixed income ranges and full
holdings. Unique to PSN is its robust historical database of nearly
40 Years of Data Including Net and Gross-of-Fee Returns. For
more details visit PSN online to learn more.
About Zephyr
Zephyr's award-winning financial services software offers
portfolio construction, proposal generation, advanced analytics,
asset allocation, manager screening, risk analysis, portfolio
performance and more, transforming multifaceted data into
digestible intel. The award-winning technology empowers investment
professionals with financial technology to navigate a bullish or
bearish market. Zephyr allows investment professionals to advance
their leadership skills, strengthen client relationships, and
prosper in every aspect of their business—establishing a legacy of
performance and results. To learn more about Zephyr, visit
ZephyrFinancialSolutions.com. Zephyr was honored with the 2023
FinTech Breakthrough Award for Best Retail Investment
Platform and was recently named a finalist for the 2023 Wealth
Management Industry Awards for its Portfolio Analytics technology.
Zephyr's investment management software allows asset
managers to communicate their strategies more cost-efficiently
by using customized, on demand template technology.
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SOURCE Zephyr, an Informa Company