Advocacy

IOSCO Principles
The IOSCO (International Organization of Securities Commissioners) Task Force on Financial Market Benchmarks Consultation Report is an important milestone in the global response to recent investigations and enforcement actions against attempted manipulation of certain benchmarks. IIA shares the Task Force’s commitment to the development of benchmarks with high levels of transparency and integrity. Click to…
SEC Comment on Tailored Reports
The Index Industry Association (IIA), an independent, not-for-profit organization composed of leading global independent index administrators, has commented on the Securities and Exchange Commission’s (SEC) proposed rule regarding Tailored Shareholder Reports. In the response, the full text of which can be found here, the IIA supports the SEC Proposed Rule which requires funds to disclose…
Indexes 101
What is an index? • A financial index measures the performance of a list of instruments (bonds, stocks, etc.) that are selected and weighted according to an employed methodology that describes a set of rules governing the construction of the index. • IIA defines an index “as a number calculated by reference to a theoretical…
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 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…
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…
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…

Want to learn more?

Contact us for membership and sponsorship opportunities