Resources

Ipreo's Global Equity Assets Report ("GEAR") – Q1 2010

Institutional assets continued to expand in the first quarter of the year, as equities around the globe continued their push higher. Overall, institutional assets grew 6% in the first quarter from $25 trillion to $26.4 trillion. Since the trough in the first quarter of 2009 amidst the financial crisis, total institutional equity assets have risen 61%.

Ipreo European Flow of Funds Report - Q1 2010

The Ipreo European quarterly ownership report is based on examination of two data sets -public filings dated in Q1 2010 and aggregated shareholder identification work undertaken in the same period.

Ipreo Asian Flow of Funds Report - Q1 2010

Off the back of strong equity market performance in Q4 2009 when net inflows totalled $115bn, Asian equity investments have continued to perform strongly, rising by 5.2% in value terms in Q1 2010.

Special Report: International Investment in Belgium

Ipreo’s Global Markets Intelligence team has comprised this special report to analyze international investment in Belgium.

Special Report: International Investment in Greece

Ipreo’s Global Markets Intelligence team has comprised this special report to analyze international investment in Greece.

Special Report: Global Investment in Italy

Ipreo’s Global Markets Intelligence team has comprised this special report to analyze global investment in Italian companies

Special Report: Hedge Fund Market Observations

This special report was conducted by Ipreo's Hedge Fund Research team and examines the current trends, launches, and closures within the global cross-asset class hedge fund space.

Special Report: Dividend Changes - Tracking Reactions

Ipreo’s Corporate Analytics Team looks at the specific investor impact of dividend changes and discusses the set of investors most sensitive to dividend increases, initiations, cuts, and suspensions.

Special Report: Dividend Changes Outlook for 2009

Ipreo’s Corporate Analytics Team looks into the market impact of dividend changes made so far in 2009, and discusses the environment for future changes to cash usage policy by US issuers.

Special Report: IROs on buy-side communications

This special report was conducted with feedback from clients of Ipreo's Global Markets Intelligence program

Ipreo's Global Equity Assets Report ("GEAR") – Q4 2009

Ipreo's Global Equity Assets Report (GEAR) for the fourth quarter of 2009 brings us full circle to institutional asset levels not seen since the third quarter of 2008, just prior to the decimation wrought by the financial crisis.

At the end of 2009, institutional assets stood at approximately $US25 trillion, an increase of 5.4% during the fourth quarter. However, where we are needs to be put into context of where we have come from in just the last nine months of 2009.

Ipreo's Global Equity Assets Report ("GEAR") – Q3 2009

Global equities continued to move higher in lockstep in the third quarter of 2009, building on the positive momentum that returned in Q2 2009. Fresh 52-weeks highs were hit by markets across the globe and financials continued their stunning turnaround.

Institutional assets continued to climb higher in the third quarter, rising close to 14% to approximately $22.3 trillion. Nevertheless, the positive impact of the last two quarters still leaves institutional assets 23% below the levels at the end of June 30, 2008.

Ipreo's Global Equity Assets Report ("GEAR") – Q2 2009

This document represents Ipreo's Global Equity Assets Report ("GEAR") for the second quarter of 2009. Following a tumultuous six months that culminated with markets across the global hitting their lows in March 2009, equities rebounded forcefully in the second quarter of 2009. The rebound in the second quarter brought everyone along for the ride, as every major market around the world set a 52-week high and all sectors participated in the upswing.

Ipreo's Global Equity Assets Report ("GEAR") - Q1 2009

Ipreo's Global Data Strategy and Analytics group has launched the first quarterly issue of the Global Equity Assets Report (GEAR). The goal of this report is to provide our clients with macro level information and insights into the overall ownership and flow of institutional equity assets around the world. GEAR provides a relevant snapshot of the distribution of global equity assets as they stood at the end of the first quarter 2009, and also illustrates the dramatic impact that market performance has had on institutional assets and allocation decisions over the year since March 31, 2008.

Shareholder Activists - June, 2008

Shareholder activism describes the efforts of a shareholder, or group of shareholders, who call for change in a company they deem undervalued in order to improve its bottom line.  Against the backdrop of current market conditions, traditional activists have continued to voice their opinion to seek changes in strategy and management to unlock shareholder value.  Recently, the market has seen new players join the activist arena, increased activist efforts into certain industries, a greater willingness on the part of corporations to concede board seats to avoid costly proxy battles, and an emphasis on alternative strategies to build a position in a target company.

Serial Activists - June, 2007

The Ipreo Buy-Side Intelligence Team maintains a database of the world's leading shareholder activists and provides timely research and data as these activists look for their next target. Common activist demands include selling the company or certain assets, or taking on debt to issue a stock buyback or to increase the dividend. These actions require financing, and as the recent credit crunch made financing more difficult, there was a slowdown in new activist campaigns being launched. The credit situation is slowly improving, however, and activist demands are beginning to pick up as well. Below is a current snapshot of six prominent shareholder activists and their most recent activist situations that have either been on-going or have been recently launched.

Quarterly Edition Q3 - September 30, 2007

U.S. markets ended the quarter higher following a volatile period which began with record highs for the Dow and S&P in July. The early gains however gave way to sharp declines later in the quarter amid widespread credit concerns, leading to a global liquidity crisis that threatened to slow economic growth.

Special Edition: Market Sell-Off - Week Ending July 23rd

The U.S. markets ended the week lower as the Dow decreased 4.2%, the Nasdaq dropped 4.7% and the S&P 500 fell 4.9%. The Dow dropped nearly 440 points during intraday trading on Thursday, its lowest decline since February's drop of 416 points. The sell-off triggered trading curbs on the NYSE prohibiting certain types of computerized index arbitrage trading. Weighing on the markets were several announcements this week that renewed credit concerns, various signs of a continued weak housing market, mixed corporate earnings and an increase in energy prices. Oil ended the week at $77.02 per barrel, up 1.6%, a penny off its record high in July 2006, following a third-weekly decline in U.S. crude supplies during a season of peak demand.

Ipreo Perception Analysis - Shareholder Activists

The Ipreo Perception Team recently spoke with members from the buy-side community in order to gather perspectives and opinions on shareholder activism. Given the recent proxy season's focus on issues of shareholder rights and corporate governance combined with the increase in activist situations, this was a topic we thought was timely and would be beneficial as a strategically informative piece. Below is an explanation of our methodology.

Quarterly Edition Q2 - June 30, 2007

The markets in review

Quarterly Edition Q1 - March 31, 2007

The markets in review

Corporate Scrutiny: Part II - Backdating Options and the Reaction of the Institutional Investment Community

Recently, Ipreo Global Market Intelligence investigated backdating stock options, the new wave of scandals sweeping Corporate America, specifically focusing on institutional shareholders' reaction to these events. As a follow-up to our earlier study, our team examined the actual impact these scandals had on portfolio management decisions: whether institutional investors retreat from the companies under investigation, determine that these allegations have relatively little to do with a company's overall performance, or increase their propensity to buy these temporarily undervalued companies embroiled in scandal.

Ipreo Focus Series - New Issuance Outlook 2007

In spite of recent credit concerns and market volatility, the Dow returned to record highs and the new issuance market proved even stronger after the positive reaction to the larger-than-anticipated interest rate cut at the FOMC September 18th meeting. If all deals currently in the backlog (i.e. deals filed and expected to offer shares on the U.S. markets) were to price, 2007 would exceed 2006 in total proceeds raised by almost $11B, outpacing the new issuance market we have experienced in the past few years.