Journal of Indexes Europe Staff

Journal Of Indexes

Smart Beta: The Future of Investing or Marketing Fluff?

Features and News

MSCI Launches Liquidity Risk Tool As Incoming Regulation Looms

MSCI has launched a tool measuring liquidity risk across different asset classes as it looks to comply with regulatory reporting requirements.

LiquidityMetrics, delivered by RiskMetrics RiskManager, a company that MSCI acquired in June 2009, analyses asset liquidity and calculates the cost of a transaction, taking time and size of the trade into account.

The tool covers commodities, equities, fixed income, FX, mortgages and structured credit.

Features and News

LGIM Shuffles Multi-Asset Teams

Legal & General Investment Manage-ment (LGIM) has made further changes to its multi-asset team as it seeks growth.

LGIM Head of Asset Allocation Emiel van den Heiligenberg will lead the macro research and management of LGIM multi-asset funds. He joined at the start of August this year.

Journal Of Indexes

Indexing At Centre Stage

Features and News

iShares Adds US-Dollar-Hedged Japanese ETF

iShares has launched an ETF tracking Japanese equities with hedged US dollar exposure.

The iShares MSCI Japan USD Hedged UCITS ETF is the fourth in the range of Japanese equity currency-hedged funds. It lists on the London Stock Exchange and has a total expense ratio of 0.64 percent. Investors also have access to sterling-, euro- and Swiss franc-hedged versions.

Features and News

Edhec Index Platform To Launch More Smart Beta Indexes

Scientific Beta, the index platform of the Edhec Risk Institute, intends to launch a new range of smart beta indexes in 2014 to allow institutional investors to hedge against specific risks.

They will be a variety of characteristic-based, style and factor replication indexes that have macroeconomic filters; for example, hedging against inflation or sovereign risk.

Features and News

MSCI Hires New CIO, CMO

In October, MSCI appointed former UBS managing director Chris Corrado as chief information officer.

Corrado, previously managing director and head of platform services at UBS, is New York based and will report to MSCI Chairman and Chief Executive Henry Fernandez. Corrado is also MSCI managing director and a member of the firm’s executive committee.

Features and News

Draft Index Rules Could Mean Higher Costs For Investors

Index providers have raised concerns over the draft regulations for financial benchmarks put out in September by the European Commission, saying that there could be unintended consequences and possible higher costs for investors.

The proposed rules, which are the latest regulations for the indexing industry, follow the LIBOR scandal last year and come two months after the International Organization of Securities Commissions published its Principles for Financial Benchmarks.

Features and News

ICAP Europe Slapped With £54.5 Million LIBOR Rigging Fine

ICAP Europe has become the first broking firm to be fined by UK and US regulators, to the tune of £54.5 million (€64.8 million), due to ‘significant failings’ in relation to manipulation of LIBOR.