There are currently over 23,000 strategy listings within the eVestment platform. During Q3 2020, a total of 524 strategies were added to the database across 264 separate investment management firms headquartered across 32 different countries.
While approximately half (256) of the strategies added were from US based firms; firms headquartered in Australia, Canada, France, Germany, Hong Kong, Japan, Switzerland and the United Kingdom all saw double digit product additions. Equities saw the largest number of additions (241), followed by fixed income with 104 strategies added.
Outside of geographically diverse strategies (Global/EM/Intl), Chinese focused strategies continued to see notable growth with 25 strategy additions where the associated products had a geographic focus in the Greater China region. A breakdown of the geographic focus of all strategies added in 3Q20 can be seen below:
Across the Equity landscape, US Equity strategies saw the greatest number of strategy additions (67), flowed by Global (64) and International (ACWI ex-US & EAFE – 15). However, as a percentage of total universe strategies, Norwegian Equities saw the largest growth at 22% (with two strategy additions).
Within fixed income, Globally focused strategies accounted for the largest increase (36), followed by US focused fixed income strategies (29). Europe ex-UK saw the largest growth on a percentage basis at 33% within the Fixed Income space.
It is important to distinguish between ‘date added’ and ‘inception date’ of the strategies added during Q3 2020. Many of these strategies were launched in the past and not just during Q3 2020 (six of the strategies added actually have inception dates prior to 1990). Only 32 of the 524 strategies were ‘launched’ and had inception dates in Q3 2020. There are various reasons why a manager may choose to wait until they ‘add’ a strategy to a database, perhaps waiting until they reach a certain milestone such as the 3-year track record.
A breakdown of the strategies, by asset class and region, that were added during Q3 2020 can be found below: