Assets replicating Scientific Beta's multi-factor indices top USD 16bn
(Thomson Reuters ONE) -
In one year, ERI Scientific Beta has seen its assets under replication grow by
60%
ERI Scientific Beta, the smart beta index provider offshoot of EDHEC Risk
Institute, has announced that assets tracking its smart beta indices had reached
USD 16.46bn at June 30, 2017. In terms of geographical distribution, these
assets come from North America (51%), Europe (46%) and Asia-Pacific (3%).
Compared to June 30, 2016, this amount of assets under replication represents
growth of 60%.
An important driver of the growth in assets replicating Scientific Beta indices
is live performance. The first generation Scientific Beta multi-smart-factor
indices created in 2013 have a live track record for over 3 years that shows
annualised outperformance of 2.20%(1).
Commenting on the announcement Noël Amenc, CEO of ERI Scientific Beta, said,
"Scientific Beta's success over the past four years is due in no small part to
the fact that its investment philosophy has proven attractive to major
institutional investors throughout the world. This investment philosophy is
based on three major principles: the importance of controlling the risks of the
investment, because the alternative choice to the cap-weighted index means that
one takes different risks, and these risks must be controlled; the essential
diversification of the specific risks of the benchmark to produce robust risk-
adjusted performance and avoid good long-term investment ideas being called into
question by poor short-term performance due to poor diversification; and the
concern for robustness, which implies that the design of an index must rely on
academic consensus and not on innovations drawn from optimising the returns or
the in-sample characteristics of the strategy proposed."
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(1)The average live outperformance across all Scientific Beta developed regions
of Scientific Beta Multi-Beta Multi-Strategy (Equal Weight and Equal Risk
Contribution) indices is 2.19% and 2.21%. This live analysis is based on daily
total returns in the period from December 20, 2013 (live date) to June 30, 2017
for all diversified multi-strategy indices that have more than 3 years of track
record for all available developed world regions - USA, Eurozone, UK, Developed
Europe, Developed Europe ex UK, Japan, Developed Asia Pacific ex Japan,
Developed ex UK, Developed ex USA and Developed. The benchmark used is a cap-
weighted portfolio of all stocks in the respective Scientific Beta universes.
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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, #15-02, Singapore 049145. For further
information, please contact: E-mail: contact(at)scientificbeta.com, Web:
www.scientificbeta.com.
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Assets replicating Scientific Beta?s multi-factor indices top USD 16bn:
http://hugin.info/157174/R/2124828/810833.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: EDHEC-Risk Institute via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 01.08.2017 - 16:51 Uhr
Sprache: Deutsch
News-ID 554871
Anzahl Zeichen: 4314
contact information:
Town:
Nice
Kategorie:
Business News
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