Managing an index fund is a basis-point game. Unlike active equity managers, who hope their fund’s performance will consistently rank high relative to their benchmark and peers, index fund managers are usually indifferent about the absolute performance of the index itself. That is not to imply that index fund managers...
The objective of this article is to distinguish between the different types of equity indexes on the basis of the investment needs that such indexes fulfill. In this regard, it classifies equity indexes in three broad categories: Indicators are indexes that do not possess the qualities of a good performance...
In the US, plan sponsors, consultants, and investment managers have thoroughly dissected the many popular and well-known US equity indices with the goal of determining the most appropriate benchmark for asset allocation and performance measurement. However, in the case of global equity indices, this exercise is less common. This article...
IndexUniverse submits: A brand new benchmark, the Delta Global Shipping Index [Index Ticker: DGAGSI], has already attracted the interest of an exchange-traded funds company. The Delta Global Shipping Index has been licensed to Claymore Advisors, which says it plans on launching a global shipping exchange-traded fund. "The creation...
ABIX via COMTEX) -- The ABN Amro EurekaHedge Index is a new benchmark for Asian hedge funds. The new index will deal with 51 Asian hedge funds, which have $US7.8bn in funds under management. Asia already has one benchmark for hedge funds. The new ind ABIX...
NEW YORK--BUSINESS WIRE--June 26, 1996--J.P. Morgan today launched a new performance benchmark for emerging markets investors called the Emerging Local Markets Index ELMI. The ELMI tracks total returns for local-currency-denominated money-market instruments in the emerging markets. The ELMI is the latest addition to Morgan's widely-used benchmark indices for...
Custom indexes may have many attractive features and have important roles to play in the investment process, from supporting investment strategy research to portfolio manager evaluation. First, any investment strategy that really deserves a custom index for fullest evaluation of management skill also requires reference to a standard benchmark’s asset...
Corporate plan sponsors have different strategies to maximize returns depending on risk, benchmark level and the sponsor's portfolio management capabilities. The choices include equity index futures, equity index swaps and enhanced index funds. The advantCorporate plan sponsors have different strategies to maximize returns depending on risk, benchmark level and the...
Despite increasingly competitive and efficient real estate markets, real estate advisors can still add value. The amount of information available and the ease at which it can be obtained has increased dramatically. Despite this increase in efficiency, the opportunity to earn above index returns still exists. This is evidenced by...
An index is a group of securities chosen to represent an entire market or a portion of the market. An index investment strategy tracks the performance of an index by assembling a portfolio that invests in the same group of securities, or a sampling of the securities, that compose the...
EDEN PRAIRIE, Minn. -- GE Commercial Finance Fleet Services has selected Black Book National Auto Research, a nationally recognized provider of wholesale pricing guidebooks, as their resale benchmark. GE will be the first fleet leasing company to benchmark used vehicle sales performance against the Black Book Commercial Index.
The Chicago Board Options Exchange CBOE announced today that on December 6, 2004, the CBOE S&P 500 BuyWrite Index BXM was awarded the Most Innovative Benchmark Index distinction, and the CBOE Volatility Index VIX Futures product received the Most Innovative Index Derivative Award at the Super Bowl of Indexing Conference...
The Chicago Board Options Exchange® CBOE and The Nasdaq Stock Market, Inc. (NASDAQ: NDAQ) announced today that they have signed an agreement for CBOE to calculate and disseminate the CBOE NASDAQ-100 BuyWrite Index BXN. The new index is calculated using options on the NASDAQ-100 Index® NDX -- a worldwide...
Core/Satellite portfolio construction reconciles the seemingly irreconcilable debate between the respective benefits of index and active management. Core/Satellite provides the framework that enables asset allocation models to be implemented with more purity - and potentially less cost - than those devoted 100% to active management. Even so, Core/Satellite leaves room...
Shares of Orascom Telecom OT helped lift Egypt's benchmark index, CASE30, to a fresh closing high after it posted third- quarter results that were above market expectations, traders said. The Case 30 index rose 0.4 percent to 9,864.15 points, its third Shares of Orascom Telecom OT helped lift Egypt's benchmark...
The ISBC announced the results of its quarterly review of the SPADE Defense IndexTM (AMEX: DXS). Effective December 31, 2007, Textron (NYSE: TXT), Elbit Systems (NASDAQ: ESLT), AAR Corporation (NYSE: AIR), and Triumph Group (NYSE: TGI) were added to the index. EDO and United Industrial exited the index during the...
NEW YORK -- Citigroup Corporate and Investment Banking, in conjunction with Dow Jones Indexes, is launching today the CitigroupR MLP Index, an industry-wide benchmark for Master Limited Partnerships MLPs and their investors. Dow Jones Indexes will calculate, maintain and disseminate the new Citigroup index.