Thu, Jul 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

EDHEC-Risk Institute study reveals the inefficiency of Asian stock market indices

Wednesday, March 06, 2013

Beverly Chandler, Opalesque London: Researchers from the EDHEC-Risk Institute have reported the results of a study entitled "Assessing the Quality of Asian Stock Market Indices," which examined results for 10 major Asian stock market indices over the past decade.

Written by Narasimhan Padmanaban, Masayoshi Mukai, Lin Tang and Véronique Le Sourd, the team comments that indexation continues to play an important role in global asset allocation. "Total worldwide assets under internal indexed management rose to $5.994 trillion as of June 30, 2011, a 25% increase over $4.781 trillion as of one year earlier (Olsen 2011). In addition, the market for exchange-traded funds (ETFs), which are liquid tracking vehicles for standard indices, has grown at an annual rate of 30% over the last three years globally, and is currently estimated to be around $1.4 trillion worldwide according to Deutsche Bank. In Asia, total ETF assets increased by 20-30% annually post 2008 and the number of products have gone up by more than 200%. Currently the total ETF assets in the Asia-Pacific region are estimated at approximately $81 billion (Blackrock 2010)." With this evidence of an increasing interest in indexing management and investing directly in tracking products for standard market indices, both globally and in Asia, the researchers observed that there was little analysis of......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Bridgewater turns bearish on China[more]

    Komfie Manalo, Opalesque Asia: The world’s biggest hedge fund Bridgewater Associates and one of the most vocal of China’s potential is now turning its back against the world’s second largest economy as it joins a growing list of high-profile investors who are challenging China’s potentials.

  2. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  3. Launches - Ex-Brevan Howard star Rokos builds team for new fund, Former Och-Ziff manager’s firm starts health care hedge fund, Industry veterans launch commodity investment firm Aron Capital Management, Nikko Asset Management launches two UCITS funds, Capital Group plans to debut Asian investor targeted fund[more]

    Ex-Brevan Howard star Rokos builds team for new fund From WSJ.com: Chris Rokos, a former star trader at Brevan Howard Asset Management LLP, has hired an economist from Nomura to join the team he’s assembling for his much anticipated hedge fund launch. Mr. Rokos, whose firm is due to b

  4. Institutions - Pension fund dismisses Texas consultant, Rhode Island pension fund gets 2.2% investment return, far below assumed rate of 7.5%, New Jersey pension investments see a drop-off in returns[more]

    Pension fund dismisses Texas consultant From Sandiegouniontribute.com: The county retirement board on Thursday terminated the Texas consultant who was given the reins of the $10 billion pension fund, and whose investment picks left many employees and retirees feeling taken for a ride.

  5. SWFs - Sovereign wealth funds paid around $14 billion in fees[more]

    From SWFinstitute.org: When it comes to the financial sector, asset management is one of the most profitable industries in the world. The Boston Consulting Group put out a 2014 figure saying there is US$ 74 trillion worth of professionally-managed assets. One of the fastest growing institutional inv

 

banner