IIA is a trusted source for educational materials and data on indices and benchmarks. IIA provides tools to help understand and inform market participants about the indexing industry.

IIA 2019 Index Survey Snapshot

The IIA is the only industry body to quantify the global benchmark universe. View the full results of our survey here.
2.96 mil

Total Number of Indexes Worldwide

13.85%

ESG Growth

7.15%

Fixed Income Growth

33.32%

EMEA Market Concentration

Benefits of Independent Index Providers

Importance of Methodology

ESG & Issues in Fixed Income

Opportunities in Fixed Income

Smart Beta & Factors

Market Structure & Corporate Governance

IIA Senior Leader Series

Industry Research

Index Industry Association Surveys the Index Universe

Index Industry Association (IIA), a global organization of index administrators, today announced the results of a revealing new survey of its fourteen member firms that quantifies the total number of indexes available globally for the first time ever. According to the survey, there are 3.288 million indexes globally with equity indexes representing over 95 percent of benchmarks calculated. The survey, which was conducted as of June 30, 2017, sought information only about the total number of indexes administered by each IIA member. It is estimated that these indexes represent approximately 98 percent of all indexes globally available.

Read More

The Financial Index Industry

By The Committee for Economic Development (CED)

Financial indices are designed to provide investors with a way to reduce the complexity and increase the comprehensibility of financial markets – and yet, indices themselves are largely misunderstood. Indices are also commonly confused or conflated with index funds. Somewhat ironically, indices enable an abbreviated lexicon that is used without an underpinning of deep understanding. Talk about “the market” or “the markets” almost always refers not to the actual financial market (or markets) in question, but rather to one or more major financial indices – for example, the Dow Jones®, the S&P 500®, the Nasdaq 100® – that measures activity in that market.

Read More

Financial Market Indices: Facilitating Innovation,
Monitoring Markets

By Andrew Clare & Steve Thomas, Cass Business School, City University London

While the advent of the modern stock market index is usually traced to the creation of the Dow Jones Industrial Average in 1896, it was the pioneering asset pricing work some 60 years later of Harry Markowitz1 who introduced Modern Portfolio Theory in the 1950’s and William Sharpe2 who developed the Capital Asset Pricing Model in the 1960’s which formed the intellectual basis for ‘investing in market indices’.

Read More

Smart Beta Has Crossed The Rubicon

By Rolf Agather, Managing Director of Research, North America, FTSE Russell

The findings of our latest annual global survey of smart beta usage by asset owners (with a collective AUM of over $5 trillion), suggests that smart beta is now a standard tool in investors’ armories. For the first time, we found that the majority of asset owners government organizations, corporations, unions, insurance companies, sovereign wealth funds and family offices from North America, Europe, Asia Pacific and elsewhere—now allocate to smart beta. Here are five key findings from the report.

Read More