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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.
Devon County Council Pension Fund seeks smart beta manager
trueDevon County Council Pension Fund, Exeter, England, is looking for a manager to run a smart beta allocation, according to an announcement on European procurement website Tenders Electronic Daily.
Norway's Government Pension Fund Global to shift from standard indexing
trueNorway's $880 billion Government Pension Fund Global, Oslo, the world's largest sovereign wealth fund, said traditional global indexes are no longer an appropriate model on which to base its investments.
MSCI creates carbon exposure indexes
trueMSCI Inc. launched a new family of indexes consisting of companies with lower carbon exposure than the rest of the market, MSCI announced in a news release.
Poll results: Why do you think active management is falling out of favor?
trueSixty-nine percent of P&I Online readers believe both fees and performance are why active management is falling out of favor.
S&P reclassifies Greece, Qatar and UAE as emerging markets
trueS&P Dow Jones Indices is reclassifying Greece, Qatar and United Arab Emirates as emerging markets as part of its annual reclassification on Sept. 22.
Special report on Indexing: 2014 - 09/15/2014 Special Report - Pensions & Investments
trueBlackRock keeps lead; Vanguard's 33% hike moves it past SSgA into 2nd place.
Move to passive likely to build still more steam
trueActive money managers could become victims of their own success at identifying mispriced securities.
Market gains, big demand for indexing fuel 24% asset increase
trueWorldwide internally managed index assets rose to $8.97 trillion in the year ended June 30, a $1.74 trillion increase, according to Pensions & Investments' annual survey of managers of indexed assets.