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7 U.K. funds pool externally managed, passive assets in move to LGIM
trueA group of seven U.K. local government pension schemes will invest £6.5 billion ($9.8 billion) in pooled passive strategies run by Legal & General Investment Management.
Active ETP assets up 29% year-to-date
trueAssets in active exchange-traded products rose 29% year-to-date through October, to $32.9 billion, according to data released Tuesday by ETFGI.
Royal Borough of Greenwich puts passive equity allocation up for grabs
trueRoyal Borough of Greenwich Pension Fund is searching for a single manager to run a £400 million ($609.9 million) passive equity allocation.
The triumph of mediocrity in investing
trueOne cannot help but arrive at the conclusion that cap-weighted indexes are only passive from a mechanical perspective and are quite active from an investment perspective. In contrast, naive beta based on an assumption of equality for some aspect of all investments is a truly passive investment. Its ...
N.Y. State Common drops BlackRock, consolidates U.S. equity index funds
trueNew York State Common Retirement Fund created a single $56.4 billion domestic equity index fund pegged to the Russell 3000 index by consolidating assets of four domestic equity index funds.
Legal & General Investment Management America expands index team
trueGreg Behar was named head of index investment strategy at Legal & General Investment Management America.
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trueBlackRock is set to be listed in the Standard & Poor's 100 index, said S&P spokesman David R. Guarino.
Imperial County hires BlackRock, terminates 3 in shift to passive
trueImperial County Employees' Retirement System hired BlackRock to manage about $60 million in passive domestic all-cap equities.
Q2 buybacks up 13.2% from a year ago, down from prior quarter
trueShare repurchases by S&P 500 companies totaled $131.6 billion in the second quarter, up 13.2% from a year earlier but down 8.7% from Q1 2015.
Low-cost active funds have higher success rates
trueA new report by Morningstar shows that lower-cost active funds have higher success rates than the most expensive funds.
Welsh pension funds eye pooled search for $4.7 billion in passive assets
trueThe eight local government pension schemes in Wales might begin a search in November for a single passive equity and fixed-income manager to run a total of £3 billion ($4.7 billion) for a common investment pool.
Index assets up 4.8% for the year, hitting $9.47 trillion
trueIndexed assets rose to $9.47 trillion during the year ended June 30, a 4.8% increase from $9.04 trillion a year earlier, according to Pensions & Investments' annual survey of managers of indexed assets.
Vanguard Group hires a smart beta expert from Research Affiliates
trueThe Vanguard Group Inc., whose officials for years have voiced skepticism about the fast rise of exotic index investing strategies, hired a top researcher away from one of the best-known promoters of smart beta, Research Affiliates LLC.
'Smart beta' term stays, but investor interest divided
trueDespite reluctantly accepting the phrase “smart beta” to define alternatively weighted index investing, U.S. institutional investors remain divided on how and when to embrace these strategies and products, particularly exchange-traded funds, in their investment allocations.
Looking beyond A shares inclusion in emerging market indexes
trueThe Chinese government's recent strong-arm market tactics might push back the day when A shares garner a toehold in emerging markets indexes, but some money managers already are looking ahead to the day when the country's huge, vibrant equity market outgrows those indexes.