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'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.
S&P 500 foreign sales up in 2014
trueAfter five years of muted growth, S&P 500 companies’ percentage of sales to foreign countries increased 1.53 percentage points in 2014 to 47.82%.
Massachusetts 457 plan seeks managers for active large-cap and passive strategies
trueOffice of the Massachusetts Treasurer and Receiver General is searching for managers for an active large-cap growth equity strategy and five passive strategies for the state's approximately $6 billion 457 plan.
China A shares on track to be added to MSCI indexes
trueMSCI expects to include China’s A shares in its global benchmarks after “a few important remaining issues related to market accessibility have been resolved,” the index provider said in a statement.
Anchorage, BlueMountain seeking fix to credit-swap indexes
trueHedge fund firms Anchorage Capital Group and BlueMountain Capital Management are leading investors pushing to overhaul credit derivatives indexes that they say have become too disconnected from the market they're supposed to track, according to four people with knowledge of the discussions.
New indexes seek to provide direct property returns without the investment
trueFTSE Group and the National Association of Real Estate Investment Trusts on Monday released a new set of daily indexes of direct property returns that could offer institutional investors, including defined contribution plans and hedge funds, access to direct real estate without investing in ...
Low volatility most popular among strategy- or factor-based investment approaches
trueFTSE Russell said asset owners are currently most interested in four different strategy- or factor-based investment approaches: low volatility, multifactor combination, value and fundamental.
KBW: Russell 2000 cutoff to rise by about 5.2%
trueKeefe, Bruyette & Woods estimates the cutoff for new member inclusion in the Russell 2000 index to be about $177 million in 2015.
Denver, San Francisco see highest gains in home prices
trueThe S&P/Case-Shiller 10-City Composite Home Price index rose 4.8% for the one-year period through February. The broader 20-city index rose 5%, and the national home price index – which covers all nine U.S. census divisions – had a 4.2% annual gain through February.
LGIMA adds senior portfolio manager for index fund business
trueDavid Barron was named senior portfolio manager at Legal & General Investment Management Americas.
Nasdaq to calculate, market Keefe Bruyette & Woods indexes
trueKeefe Bruyette & Woods’ index family will be calculated and marketed by Nasdaq OMX Group through a partnership announced Wednesday.
HSBC Global Asset Management names head of passive equity
trueJoseph Molloy joined HSBC Global Asset Management as head of passive equity.
More small caps paying dividends
trueThere has been a 10.2% increase in the number of domestic small-cap companies (in the S&P 600 index) paying dividends, since the end of 2013. For the 20-year period ended Dec. 31, 2014, the number of S&P 600 companies paying a dividend is up 22.3%.
In defense of stock buybacks
trueThere's a specter haunting the financial landscape. Or at least you might think so, judging from the mainstream financial press. The threat du jour is share buybacks, if you can believe that.