©Nick Lowndes

In this issue

Providers staunchly defend their products against both regulators and adherents of active management

A rise of passives, a rise of scrutiny

Index-based investing expands rapidly

Sharon Bowles
©Benoit Bourgeois

Brussels takes broad brush approach to fix Libor scandal

Proposals cover all index providers

China’s A shares poised to go global

Beijing gradually opening capital markets to foreign investors

Take care when choosing alternative route

Smart beta indices attract investors

Jamie Forbes

If you cannot beat them, track them

Pension funds urged to adopt index strategies


Rivalry and tougher rules fuel change

Indexing is seeing rising competition and strong asset growth

CME Group veteran to head Index Industry Association

Rick Redding is appointed as first executive director of the trade body

Alex Matturri of S&P Dow Jones Indices and David Lester at LSE Group

Strategic alliances change face of industry

Conflicts of interest risks concern index providers

Fundamentalists argue toss with fans of status quo

The pros and cons of the alternatives to a market capitalisation weighting

Investors grapple with sector’s multiple choices

Hard to define hedge fund industry’s investable universe

Smart beta defies simple definition

Alternative indices still have to prove their worth for investors

Differences narrow as MSCI defends its patch

Rival indices share most constituents but there are differences

Vanguard adopts small provider’s benchmark

CRSP has a long academic track record