NEWS
Markets in Context: When Rates Meet Reality
Strong equities with higher bond yields - is an unusual combination. Global equities gained 15.3% over the past 12 months—a return exceeded in roughly 30% of historical periods. Meanwhile, the US 10-year Treasury yield rose from 4.11% to 5.16%, putting pressure on...
Portfolio Construction and Diversification
We mapped 46 years of cross-asset correlations. One relationship barely moved. Another flipped sign 34 times. That’s the problem with “set-and-forget” diversification: the assets in your portfolio may stay the same, but the relationships between them don’t. Across...
Are All Value ETFs Really Value?
Many investors use Value ETFs as a simple way to gain exposure to cheaper, more cyclical or more defensive equities. The question has become more relevant after the 2025 inflection, when value strongly outperformed broader equity indices and the performance gap...
ELIA Research: QT is happening, but is liquidity really disappearing?
Central-bank balance sheets are shrinking, and reserves are being drained. But broad money is still growing. Across seven major central banks, the monetary base has declined while wider money aggregates continue to expand. That is the liquidity paradox. While QT...
ELIA Research: Where rates meet reality
Where rates meet reality. After more than a decade of near-zero yields, fixed income has re-entered a very different regime. But are rates truly “high” — or simply normal again once inflation, real yields, and risk compensation are put back into context? At ELIA, we...
ETF Lifecycle Breakdown: From Thematic Failure to Selective Opportunity
Thematic ETFs promised a simple way to invest in the future. The data tells a different story. Average ETF lifespans have collapsed to just 1 year and 9 months. More than half of thematic funds fail to survive. Only a small fraction both survive and outperform. This...