Sat, Sep 5, 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. Opalesque Exclusive: New Detroit-based CTA seeks to take advantage of coming volatility[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging manager has just set up his one-man shop in the city of Detroit. Synchronicity Futures,

  2. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  3. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

  4. North America - Puerto Rico agency plans talks with hedge fund creditors[more]

    From WSJ.com: Puerto Rico’s Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under which the investors would lend additional

  5. Launches - BlackRock’s McKenna starts hedge fund with $270m, Ex-BlueBay fund managers Phillips, Fayman to launch hedge fund in 2016, Dallas lawyer, Wall Street-savvy doctor team up to form biotech-focused hedge fund[more]

    BlackRock’s McKenna starts hedge fund with $270m From Bloomberg.com: BlackRock Inc. has started an event-driven hedge fund one year after hiring Harvard Management Co.’s Mark McKenna to run the strategy. Global Event Partners, which seeks to profit from corporate events such as takeovers

 

banner