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Laxman Pai, Opalesque Asia: The Index Industry Association (IIA) has announced the results of its third annual global index survey, revealing that the number of indexes globally has decreased year on year by 20 per cent.
The IIA figures reveal 2.96 million indexes globally. According to the IIA's two previous surveys, the total number of indexes rose from 3.29 million in 2017 to 3.73 million in 2018.
According to the report, the 20 per cent lower number is due to the decommissioning of indexes, a process which occurs every year to ensure indexes are not redundant. Previously, this has been offset by the addition of new indexes, but there were a large number of decommissions in both equities and 'other' categories in the past year, the association says.
Rick Redding, the CEO of IIA said: "Every firm continuously evaluates their indexes to see if they are redundant, which helps keep costs down for their clients. Ultimately, our members are focused on providing the quality of indexes investors demand that they administer and not necessarily the quantity."
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When looking at fixed income indexes by geography, Europe, the Middle East and Africa (EMEA) experienced the largest increase in the last year, going from 31% to 33% of the total fixed-income indexes, while Global fixed income in...................... To view our full article Click here
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