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Passive strategies fail to get highest ESG ratings in Mercer evaluation system
trueMercer unveiled Monday a ratings system of passive investment management strategies to identify managers’ active stewardship practices to integrate environmental, social and governance risks.
Federal Thrift plan seeks manager for $140.7 billion C Fund
trueFederal Retirement Thrift Investment Board is searching for a money manager for its C Fund, a stock index fund that tracks the S&P 500 index.
London Stock Exchange officially puts Russell Investments on the block
trueLondon Stock Exchange Group will sell the investment management business of Russell Investments “in its entirety,” said a statement from the business.
Clearbrook appoints head of hedged index strategies
trueManit Rye was named managing director and head of hedged index strategies at Clearbrook Global Advisors.
For Vanguard, these are the best of times
trueVanguard Group Inc. on Jan. 20 surpassed State Street Global Advisors as the second-largest exchange-traded fund provider, a new milestone following a year that was filled with them.
Taiwan's BLF seeks global equity, credit managers to run $4.35 billion
trueTaiwan's Bureau of Labor Funds is searching for global equity index and global credit managers to run a total of approximately $4.35 billion.
PIMCO teams with Research Affiliates for 7 fundamental stock index funds
truePacific Investment Management Co. is expanding its stock offerings by adding seven strategies with Robert Arnott's Research Affiliates.
S&P 500 dividend growth slows in Q4
trueS&P Dow Jones Indices said fourth-quarter dividend net increases (increases and initial payments less decreases and suspensions) fell 5.6% from a year earlier to $12 billion (down from $12.7 billion in Q4 2013).
Illinois Municipal considers switching U.S. equity benchmark to Russell 3000
trueIllinois Municipal Retirement Fund, Oak Brook, next month will consider changing its U.S. equity benchmark to the Russell 3000 from the Dow Jones Total Stock Market index.
New alliance creates best practices to disclose index benchmark costs
trueState Street Corp., Bank of New York Mellon Corp., Northern Trust Corp., Nasdaq OMX Group and The Spaulding Group have created a set of best practices to improve transparency in index benchmark costs.
Airlines take off as oil plunges
trueThe Bloomberg World Airlines index has rebounded sharply from mid-October when global equity markets sold off. Since Oct. 13, the index is up 41.3%, posting a 39% return year-to-date through Dec. 4.
S&P Dow Jones Indices: Evidence supports Santa Claus rally is real
trueS&P Dow Jones Indices conducted an analysis to test the theory of a “Santa Claus rally” and found evidence supporting the phenomenon actually exists.
Belmont Contributory Retirement searching for index equity manager
trueBelmont (Mass.) Contributory Retirement System is searching for a manager to run about $9.5 million in an S&P 500 index fund.
MSCI launches fossil-fuel free indexes
trueMSCI introduced Thursday a set of indexes excluding fossil-fuel companies.
trueThe rapid growth of the U.S. strategic beta exchange-traded product market is outlined in a recent report by Morningstar.