Recent changes to the Russell 1000 Value have meaningfully altered the composition of one of the industry’s most widely followed Value benchmarks. Despite the significance of these changes, many financial professionals remain unaware of how the reconstitution has affected sector allocations, constituent holdings, and the practical definition of "value" within passive and active investment strategies.
This educational panel discussion will examine how benchmark changes may influence portfolio construction, manager evaluation, risk characteristics, and client conversations, while providing both U.S. and global perspectives on the evolving value investing landscape.
Learning Objectives:
Explain how the Russell 1000 Value’s recent reconstitution has changed the benchmark’s composition.
Explain several types of valuation measures for evaluating today’s companies.
Distinguish between index-based definitions of value investing and active value investment approaches.
Apply insights from the benchmark changes to client discussions and investment decision-making using both U.S. and International market perspectives.
Accepted for 1 CFP / IWI / CFA CE Credit
Speakers:
Jennifer Chang, CFAExecutive Director, Portfolio ManagerSchafer Cullen Capital Management
Jennifer Chang is a co-portfolio manager on the High Dividend, Value Equity and Enhanced Equity Income strategies at Schafer Cullen Capital Management. Jennifer joined Schafer Cullen in 2006. Prior to joining Schafer Cullen Capital Management, Mrs. Chang was an investment analyst at PNC Advisors and an associate consultant at Bain & Company.
Mrs. Chang received her MBA from the Wharton School of Business in 2004 and her B.S. from Rice University in 1999.
She has held the Chartered Financial Analyst designation since 2007.
Pravir Singh, CFAManaging Director, Portfolio ManagerSchafer Cullen Capital Management
Pravir Singh is a Co-Portfolio Manager on the International High Dividend, Global
High Dividend and Global Enhanced Equity Income strategies. In addition to
leading bottom-up company research, Pravir oversees the international team’s topdown
macro-economic and geopolitical risk assessment and written communication
with clients. Mr. Singh has been with Schafer Cullen for 19 years.
Mr. Singh received a double major in Economics and Political Science, with honors,
from DePauw University in 2005, and is a member of Phi Beta Kappa.
He has held the Chartered Financial Analyst designation since 2009.
Cullen Capital Management, LLC. (CCM) is an independent investment advisor registered under the Investment Advisers Act of 1940 and is doing business as Schafer Cullen Capital Management, Inc. (SCCM). This information should not be used as the primary basis for any investment decision nor should it be considered as advice to meet particular investment needs. Investment decisions should be made based on clients investing objectives and individual circumstances. The Russell Value Index tracks U.S. equities with lower price-to-book ratios and lower growth forecasts, primarily represented by the Russell 1000 Value Index, Russell 2000 Value Index, and Russell Midcap Value Index. Investors cannot invest directly in an index.
All investments involve risks and are subject to loss of principal.
