EDHEC-Risk Institute extends the availability of free index data to its smart factor indices
(Thomson Reuters ONE) -
EDHEC-Risk Institute, the leading international risk and asset management
research institute, has announced, as part of its campaign for total
transparency of index data, that the smart factor indices provided by ERI
Scientific Beta, EDHEC-Risk Institute's smart beta index provider offshoot, will
be subject to the same free access as ERI Scientific Beta's existing smart beta
indices.
The 2,916 indices available on the Scientific Beta platform are accessible
through mere free registration, providing access not only to the detailed
methodology enabling the index to be replicated but also to the back history of
index compositions.
EDHEC-Risk Institute considers that transparency is indispensable in the area of
indices, particularly when smart beta is involved, because the promise of
outperforming cap-weighted indices is essentially based on simulated track
records. It must be possible for these simulated track records to be challenged
by the market and to do so there must be full transparency on the methodology
and historical compositions.
Today, following a detailed study on the transparency of indices, EDHEC-Risk
Institute regrets that numerous European UCITS ETFs, by tracking indices that
are not transparent, are not respecting the European Securities and Markets
Authority (ESMA) rules.
Noël Amenc, Director of EDHEC-Risk Institute and CEO of ERI Scientific Beta,
commented, "The robustness of smart beta indices cannot be assessed with one,
two, or even five years of live track record, as is the case for some of our
indices. Simulated track records over a long period are essential, but it is
even more important to be able to trust those track records, which presupposes
full transparency enabling all the actors in the market to be able to share
information on and criticism of the indices. Investors often choose indices
today on the basis of confidential information, which is a bit like investing in
publicly-quoted companies that do not publish their accounts."
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As part of its policy of transferring know-how to the industry, EDHEC-Risk
Institute has set up ERI Scientific Beta. ERI Scientific Beta is an original
initiative which aims to favour the adoption of the latest advances in smart
beta design and implementation by the whole investment industry. Its academic
origin provides the foundation for its strategy: offer, in the best economic
conditions possible, the smart beta solutions that are most proven
scientifically with full transparency of both the methods and the associated
risks.
ERI Scientific Beta, 1 George Street, #07-02, Singapore 049145. For further
information, please contact: Séverine Cibelly, Tel.: +33 493 187 863, E-mail:
severine.cibelly(at)scientificbeta.com, Web: www.scientificbeta.com.
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Press release - ERI Scientific Beta free index data:
http://hugin.info/157174/R/1866273/655563.pdf
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originality of the information contained therein.
Source: EDHEC-Risk Institute via GlobeNewswire
[HUG#1866273]
Unternehmensinformation / Kurzprofil:
Datum: 28.10.2014 - 10:01 Uhr
Sprache: Deutsch
News-ID 347369
Anzahl Zeichen: 3884
contact information:
Town:
Roubaix
Kategorie:
Business News
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