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Wednesday, May 24, 2017|
Will Fundsters Create an Indexing Consortium?
Asset management price competition is perhaps fiercest in the ETF and index mutual fund spaces, and perhaps that will drive more fundsters to seek new indexing options.
One idea, pondered by the Financial Times' Stephen Foley and Robin Wigglesworth, is asset managers teaming up to create an industry "co-operative" or consortium to create indexes, an index-creater to rival the likes of FTSE Russell, MSCI, and S&P Dow Jones Indices. Unnamed sources tell the paper that some big shops are privately discussing the idea.
Indexing revenues for several big providers rose last year, the FT notes, to 409 million pounds ($530 million) for FTSE Russell, to $613.6 million for MSCI, and to $639 million for S&P Dow Jones.
Printed from: MFWire.com/story.asp?s=56316
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