Capitalization Bias in Active International Equity
Our international money manager profile survey has enabled us to dissect the active international equity market into products with different capitalization bias. This is the first time InterSec systematically compares active international equity products with different capitalization bias. We provide more detailed research in this area, including assets under management, new fundings and cash flows associated with each product type. We also construct asset-weighted universes to explore the impact of portfolio size on capitalization bias and returns.