Press review
Financial Times
"(...) He says Amundi, which manages €1.5tn, including €112bn in index funds, is considering its options, such as producing benchmarks of its own. Mr Perrier says this includes a collaboration with Edhec, the French business school, to work on fixed-income exchange traded funds that use factor investing.
(...) Other fund managers are looking to non-commercial index providers, such as academic institutions. Edhec-Risk Institute is tied to the eponymous Nice business school and has worked with French managers such as Amundi, as well as international groups including Bank of America Merrill Lynch, to launch indices for fixed income, property funds and retirement products.Lionel Martellini, director of Edhec-Risk Institute, says savings are only one reason for fund managers looking beyond the big providers. “A lot of asset managers that get into self-indexing want to be the sole owner of the relationship with end-investors and want a better handle on developing the underlying strategy.”He warns that index construction is not simple. “Some asset managers slightly underestimated the cost and complexity of running an index business."(...)
Copyright Financial Times
https://www.ft.com/content/e886b2d2-e852-3071-85c1-c9a57113d8a5
2019
