Category: index

Mapped: The State of Global Democracy in 2022


This post is by Raul Amoros from Visual Capitalist


map showing global democracy index measuring political regimes in 2022

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Mapped: The State of Democracy Around the World

The world’s (almost) eight billion people live under a wide variety of political and cultural circumstances. In broad terms, those circumstances can be measured and presented on a sliding scale between “free” and “not free”—the subtext being that democracy lies on one end, and authoritarianism on the other.

This year’s Democracy Index report by the Economist Intelligence Unit (EIU), is one such attempt to apply a score to countries based on how closely they measure up to democratic ideals.

According to EIU, the state of democracy is at its lowest point since the index began in 2006, blamed in part on the pandemic restrictions that saw many countries struggling to balance public health with personal freedom.

In this year’s report, the EIU reported a drop of the average global score from 5.37 to 5.28, the biggest drop since 2010 after the global financial crisis. This translates into a sobering fact: only 46% of the population is living in a democracy “of some sort.”

Let’s dive a bit deeper (Read more...)

Three Emerging Trends in the Space Industry



The following content is sponsored by MSCI

MSCI Space Exploration Index

Three Emerging Trends in the Space Industry

Over the past several decades, space and satellite technology has become the invisible foundation of our digital world. 1,700 active satellites are currently orbiting the Earth, and together, they enable many of the technologies we use on a daily basis.

Looking forward, this industry is on the cusp of a significant ramp-up. Recent technological breakthroughs have drastically reduced the cost of rocket launches, and by 2030, analysts expect the number of active satellites to increase by several magnitudes.

Greater satellite coverage is significant because it could unlock futuristic solutions like drone deliveries, or bring internet access to the world’s underserved. To help you learn more, this infographic from MSCI provides an overview of the entire space opportunity.

Emerging Trends in the Space Industry

The space industry is a broad opportunity set which can be divided into three segments.

#1: Products and services focused on orbital and sub-orbital spaceflights

This segment includes reusable launch systems, hypersonic travel, and satellite connectivity. Rocket reusability has the greatest potential because it could greatly lower the cost of launches going forward.

This table lists rocket launch costs in terms of USD/kg.

RocketManufacturerCost (USD/kg)
2016 Atlas VUnited Launch Alliance (ULA)*$14,100
2014 Ariane 5Airbus$6,900
2015 Falcon 9SpaceX$4,700
2020 Reusable Falcon 9SpaceX$1,800
Rapidly Reusable StarshipTheoretical model based on ARK estimates$200

*Joint venture between Lockheed Martin and Boeing. Source: ARK Investment Management (2021)

(Read more...)

How do Institutional Investors Choose ETFs?



The ETF snapshot
ETFs during volatility Part 1 of 5
Fixed income ETFs Part 2 of 5
ETF use cases Part 3 of 5
Evolution of ETFs Part 4 of 5
Choosing an ETF Part 5 of 5

The following content is sponsored by iShares

The ETF Snapshot

Download the ETF Snapshot for free.

How do Institutional Investors Choose ETFs?

Although there are roughly 7,000 ETFs available globally, the majority of assets under management (AUM) belongs to a relatively small number of funds. In fact, among the 100 largest ETFs, the top 20 hold over 50% of the assets.

In this infographic from iShares, we rank the top criteria institutional investors use when selecting an ETF. It’s the last of a five-part series covering key insights from the ETF Snapshot, a comprehensive report on how ETFs are being used.

The Methodology

To assess how institutional investors navigated this volatility, Institutional Investor published a report in 2021 based on a survey of 766 decision makers. Respondents were from various types of organizations, firm sizes, and regions.

For instance, here is how responses broke down by location:

  • 21% Asia Pacific
  • 36% North America
  • 29% Europe, Middle East and Africa
  • 14% Latin America

Here’s what the survey found.

The Top Criteria for Picking an ETF

The following table lists the most important criteria institutional investors consider when selecting an ETF.

Criteria% of respondents (n=762)
AUM, liquidity, and trading volume68%
Benchmark index used53%
ETF provider’s brand and market position48%
Historical performance46%
Value-added services from ETF provider45%
Management fee34%
Transaction cost 29%

n=762

The key takeaway is that institutional investors seek large, highly liquid ETFs that are linked to the right benchmark. Perhaps surprisingly, management fees and transaction (Read more...)

Duolingo’s bellwether IPO



Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.

We were smaller team this week, with Natasha and Alex together with Chris to sort through yet another summer frenzy of a week.

This time around we actually recorded live on Twitter Spaces, which was a first for the podcast. If you missed it, it’s probably because we didn’t promote the taping since it was just an experiment. Good news, though, is that it went well, and we’re going to some more live tapings of the show with the entire crew on the mics. Make sure to follow the show on the Big Tweet to ensure that you can come hang with us next week. We’ll also do some Q&A at the end, if we’re in good moods.

Until then, let’s live in the present. Here’s what we got into in today’s show:

How to Invest in Change: A Guide to Thematic Investing



The following content is sponsored by MSCI.

MSCI Thematic Investing

Investing in Change: Thematic Investing 101

The world is undergoing structural economic changes at a rapid pace.

Technological breakthroughs and scientific discoveries that used to take decades are happening in years, and shifting demographics and climate change are causing upheaval around the globe. With the onset of Industry 4.0 and constantly shifting capabilities and consumer priorities, the global investment landscape is transforming as well.

How do you prepare for this transformation? This graphic from MSCI highlights thematic investing, its characteristics and benefits, and how themes are constructed and utilized.

Thematic Investing: Characteristics and Benefits

The key to thematic investing is a thorough understanding of megatrends.

Megatrends are long-term structural trends that can have a transformative effect on global economies, in areas of high disruption and innovation and with significant growth potential. These can include transformative technologies like driverless vehicles and 5G-enabled robotics, or societal changes like an aging society.

As megatrends solidify, they also become increasingly important drivers of earnings and equity returns. Investors traditionally have partial exposure to these themes as part of a portfolio’s growth allocation, but thematic investing allows for specific themes to be targeted in a more focused way.

Characteristics of Thematic Investing

  • Secular Trends: Focuses on long term political, economic, technological, and social trends.
  • A Changing World: Captures trends that reflect how the world is changing.
  • Sector Independent: Cuts across countries and traditional sectors.
  • Security Selection: Identifies companies with exposure to different target themes.

All (Read more...)