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About Vik

USA

+18 year(s) experience

Vik Srimurthy, Consultant, headshot
Vik conducts quantitative research behind all of EPFR’s current products. He is primarily responsible for the research behind the FX and stock flows products.
Vik joined Informa in 2016. He conducts quantitative research behind all of EPFR’s current products. He is primarily responsible for the research behind the FX and stock flows products.

Prior to that, from 2006-2016, he was on the international team at Lee Munder Capital Group, using a quantitative approach to trade equities. Before that, from 2000-2006, he was with Global Structured Products, the buy-side quantitative team at Evergreen Investments. A founder of the quantitative equity team at Lee Munder, Vik created the infrastructure behind and conducted the research driving Lee Munder’s quantitative strategies.

Analyst Articles

Articles by Vik

  • EPFR Fund Flows

    ESG/SRI Investing in the Digital Age for Gen XYZ

    By Vik Srimurthy 02 Dec 2019

    ESG

    ESG/SRI Investing in the Digital Age for Gen XYZ Today’s digital age has changed industries. Leading that charge is the technology sector, whose business model depends on harnessing the needs and tastes of Generations XYZ. Doing so involves identifying and understanding their values. These include the growing embrace by these generations of socially responsible (SRI) and environmental, social and governance (ESG) criteria goals. Tech giants such as Google claims they are “Raising the bar in making smart use of the Earth’s resources, expecting the highest ethical standards throughout our supply chain and creating products with people and the planet in mind”. A corner of Amazon’s website talks about how the online retail giant is “driving carbon out of our business”. These sentiments certainly mesh with large segments of their customer base, which is not shy about demanding that they strive for these standards.

    Topic Industry News

  • EPFR Fund Flows

    Quants Corner

    By Vik Srimurthy 02 Dec 2019

    Quants Corner

    South Africa: Bond funds go where equities fear to tread When it comes to picking through the fundamentals of Africa’s most developed economy, “pick your poison” often seems a serviceable operating principle. Anemic growth, high levels of household debt, an official unemployment rate of 29%, an energy parastatal struggling under the burden of $31 billion in debt and an investment grade credit rating hanging by a thread are all part of South Africa’s current narrative. For prudent investors, the case for reducing exposure to the country seems increasingly watertight. However, a more nuanced picture emerges when South Africa is viewed through the lens of mutual fund flows and allocations, and through some of the quantitative models derived from these datasets.

    Topic Industry News

  • EPFR Fund Flows

    Data Simply Financial Scores: Getting bang for one’s buck

    By Vik Srimurthy 07 Nov 2019

    ESG

    EPFR has joined forces with Data Simply to provide investors with better and faster ESG and financial data insights. This blog post will be the first in a series which looks at the added value of ESG Financial Scores. Firstly, Data Simply analyzes corporate SEC filings by word count through a combination of artificial Intelligence and analyst expert. Key words are identified and classified from filings as either positive, neutral or negative. The total word count per sentiment is counted for each company and published as a total financial score on a monthly basis for companies that file with the SEC.

    Topic Industry News

  • EPFR Fund Flows

    Quants Corner

    By Vik Srimurthy 05 Nov 2019

    Quants Corner 1105

    Finding bear markets -- The separating hyperplane approach In the Quant’s Corner blog that was posted in August, we outlined the basic methodology for a ‘Bear Detector’ based on a combination of flow and volatility data. The model we presented used the data to create a two-dimensional representation, with the points corresponding to the past eight weeks (dark green triangles), to previous bull markets (light green circles) and previous bear markets (gray circles) all colored differently. It was left to the reader to determine by visual inspection whether the latest data point was bear or bull, depending on the density of green or gray dots surrounding the dark green triangles (see chart below).

    Topic Industry News

  • EPFR Fund Flows

    Quants Corner

    By Vik Srimurthy 22 Oct 2019

    Quants Corner 1022

    The wisdom of strangers: local versus foreign flows as drivers of country-equity market returns A recurring question fielded by EPFR’s quantitative team is, “Are local or foreign-domiciled flows the drivers of return in specific markets”? Most of our clients have their own qualitative view. For instance, those in Japan tell us they view foreign flows as the ‘dumb’ money. But what does a quantitative approach tell us? In this piece we compare foreign versus local fund flows in various markets to see which has more predictive power. The four Nordic countries in continental Europe, Denmark, Sweden, Norway and Finland, are often viewed as a group of homogenous nations on Europe’s northern flank with a shared aversion to conflict, a taste for social democracy and robust welfare states. Investors tend to approach them as a group that offers some comparative insights and uncorrelated exposure relative to the ‘core’ European markets.

    Topic Industry News

  • EPFR Fund Flows

    Quants Corner

    By Vik Srimurthy 15 Oct 2019

    Quants Corner 1015

    Going A Viking The four Nordic countries in continental Europe, Denmark, Sweden, Norway and Finland, are often viewed as a group of homogenous nations on Europe’s northern flank with a shared aversion to conflict, a taste for social democracy and robust welfare states. Investors tend to approach them as a group that offers some comparative insights and uncorrelated exposure relative to the ‘core’ European markets.

    Topic Industry News

  • EPFR Fund Flows

    Quants Corner

    By Vik Srimurthy 18 Sep 2019

    Quants Corner 0917

    This May, Prime Minister Narendra Modi of India returned to office with an increased majority in parliament. In this week’s Quants Corner post, we follow the rise of Modi through the lens of EPFR’s fund flows and look at the response of our quantitative EM rankings to several major ‘events’ during Modi’s time in office.

    Topic Industry News

  • EPFR Fund Flows

    Quants Corner

    By Vik Srimurthy 26 Aug 2019

    Quants Corner 0826

    Two of the first questions that investors and fund managers ask when confronted with a new data set are, “Does it add value?” and “How do I unlock this value.” Among those that will be available in 4Q19 is EPFR’s FX Allocations data set. In this piece, we look at one quantitative approach using this data set and highlight some promising initial results.

    Topic Industry News

  • EPFR Fund Flows

    Quants Corner

    By Vik Srimurthy 13 Aug 2019

    Quants Corner 0813

    Investors tend to use different playbooks for different market conditions. The tricky part lies in identifying when the market environment has shifted to the point the current playbook needs to be replaced. In this blog, the use of fund flows to detect one of the most important shifts – from a bull to a bear market -- is illustrated.

    Topic Industry News

  • EPFR Fund Flows

    Quants Corner

    By Vik Srimurthy 25 Jun 2019

    Quants Corner 0625

    Introduce country positioning into your strategy for improved investment returns Some investors who adopt a quantitative approach struggle to identify which of the bewildering number of strategies, models and indexes actually improve performance. One antidote to this uncertainty is to start afresh, embracing alternative data and using it to build new factors -- such as country positioning -- that are statistically independent of the traditional quantitative mainstays.

    Topic Industry News