Voya’s large cap value team believes that excess capital yield (ECY) provides a holistic view of the amount of capital a company has available to create value.
Big data is fueling, informing and empowering businesses globally.
Should higher risk-free rates and wider risk premia change the investment approach of balance sheet investors? No…and yes.
Despite recent volatility in the senior loan market, owning higher-rated cohorts can help commercial banks navigate rising interest rates while remaining mindful of credit risk.
Voya’s large cap value team believes that excess capital yield (ECY) provides a holistic view of the amount of capital a company has available to create value. We apply our ECY framework to evaluate stocks from a relative value perspective and construct a diversified portfolio with a higher yield than the benchmark.
Commercial mortgage loans (CMLs) have a track record of strong, differentiated returns that have made them an effective way to diversify institutional fixed income portfolios. Given the historical frictions in CML transactions, many investors assume the asset class is illiquid. However, technologies and platforms to connect buyers and sellers have improved significantly since the 2008 financial crisis. The resulting liquidity has made it easier for institutional investors to access CMLs in a broader range of investment vehicles, including pooled accounts such as collective investment trusts.
In What’s unique about Voya’s approach to ESG?, Jim and Laura dive into processes and tools, including our proprietary V-score, that make ESG a meaningful part of investment decisions in Voya’s equity strategies.
Listen in as Jim Dorment (head of value and portfolio manager) and Laura Kane (head of ESG research) gather to peel back the layers on key topics facing ESG investors today.
How are E, S and G evolving? takes a look at critical changes in how investors assess each component of environment, social and governance factors. It’s not enough to focus (rightly) on the low-carbon transition—there are issues of labor disruptions caused by the transition to consider as well.
Taking the tough questions head on, Do ESG critics have a point? raises issues such as ESG’s recent underperformance (and the problem with generalizing issues about ESG), the veracity of impact investing and the troubling lack of clarity on ESG product labeling.
Performance is the focus of Where will the next wave of ESG alpha come from?, shining a light on the difference between divesting “bad ESG” companies vs. including and engaging companies to find those likely to be voted “Most Improved in ESG.”
Big data is fueling, informing and empowering businesses globally. As growth-oriented investors, we see opportunities in best-in-class companies that are creating the technologies driving big data services.
Should higher risk-free rates and wider risk premia change the investment approach of balance sheet investors? No…and yes.
As investors face heightened inflation risk and other uncertainties, look beyond traditional investment buckets to capture alternative sources of returns.