Index Industry Association’s 2nd Annual Global ESG Asset Manager Survey

Articles Index Industry Association’s 2nd Annual Global ESG Asset Manager Survey July 28, 2022 Despite recent global economic uncertainty and geopolitical turbulence, asset managers reported strong growth in ESG investment over the past year across asset classes and believe it will continue well into the future. The report, Tried and Tested, explores: The state of…

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IIA Member Firms Highlight the Growth and Innovation of the Index Industry

The index industry has a long track record of evolving and expanding, with the goal of providing ever-increasing options for the public to track performance of various asset classes, investment styles, and strategies. As the Index Industry Association celebrates the 10th Anniversary of our founding, we asked our member firms what they believe to be…

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Highlights of Index History Timeline

For more than 125 years, IIA members have been administering indices and providing benchmarks. During that time the industry has grown from measuring a few markets to where we stand today – meeting investor demand for benchmarks globally. As the index industry has continued to grow and evolve, it has remained focused on its core…

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IIA’s Members Highlight the Rise of ESG Indexes

The Index industry has a long track record of continuing to evolve and innovate, with the goal of providing ever-increasing options for the public. When we asked our member firms about the present state of the industry and the biggest opportunities on the horizon, we noticed that one theme that continuously popped up – ESG….

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EU Regulations

The Benchmarks Regulation introduces a regime for benchmark administrators that ensures the accuracy and integrity of benchmarks. ESMA developed draft regulatory technical standards (RTS) and implementing technical standards (ITS) on a large number of areas, and also provided the Commission with Technical Advice. ESMA coordinates the supervision of benchmark administrators by national competent authorities. For…

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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…

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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…

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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…

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Cboe Global Markets’ Catherine Clay on Philosophy, Leadership, and the Future of the Index Industry

As part of our ‘Voices of IIA’ series, we sat down with Catherine Clay, Executive Vice President, Global Head of Data and Access Solutions at Cboe Global Markets From floor trader to Executive Vice President, Cathy Clay’s 360° view of the exchange industry is helping Cboe Global Markets define the future. Cathy helms the newly created Data and Access Solutions division (DnA) that aims to simplify global market complexities through innovative data, analytics and index offerings.         What does Cboe’s approach to indexing tell…

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Trends and Evolution of the Index Industry with Morningstar’s Rolf Agather

As part of our ‘Voices of IIA’ series, we sat down with Rolf Agather, Global Head of Research and Product, Indexes at Morningstar.  As an index provider—as well as a source of investment research, management products, and services—Morningstar offers a unique perspective backed by extensive industry knowledge. We discussed new trends and the evolution of the industry, as well as Morningstar’s role, and…

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Nasdaq’s Sean Wasserman on the Evolution of the Index Industry

Today we continue our ‘Voice of IIA’ series, where IIA members’ key executives and researchers reveal the decisions, responsibilities, and personalities that drive the making and management of indexes globally. As part of its ‘Voices of IIA’ series, we sat down with Sean Wasserman, Vice President and Global Head of Index & Advisor Solutions at…

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Index Industry Association ESG Survey

Articles Index Industry Association ESG Survey July 21, 2021 With global demand for Environmental, Social and Governance (ESG) investment strategies continuing to increase, the Index Industry Association (IIA) sponsored a survey of a cross-section of U.S. and European asset managers to find where opportunities and challenges exist and how index providers play an essential role….

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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…

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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…

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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…

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