Skip to main content

Main menu

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JII
    • Editorial Board
    • Published Ahead of Print (PAP)
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

User menu

  • Sample our Content
  • Request a Demo
  • Log in

Search

  • ADVANCED SEARCH: Discover more content by journal, author or time frame
The Journal of Index Investing
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Sample our Content
  • Request a Demo
  • Log in
The Journal of Index Investing

The Journal of Index Investing

ADVANCED SEARCH: Discover more content by journal, author or time frame

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JII
    • Editorial Board
    • Published Ahead of Print (PAP)
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter
Article

Indices in Institutional Investment Management:
Results of a European Survey

Noël Amenc, Felix Goltz and Lin Tang
The Journal of Index Investing Summer 2012, 3 (1) 12-28; DOI: https://doi.org/10.3905/jii.2012.3.1.012
Noël Amenc
is the director of EDHEC-Risk Institute and a professor of finance at EDHEC Business School in London, UK.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: noel.amenc@edhec-risk.com
Felix Goltz
is head of applied research at EDHEC-Risk Institute in Nice, France.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: felix.goltz@edhec-risk.com
Lin Tang
is a senior research engineer at EDHEC-Risk Institute—Asia in Singapore.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: lin.tang@edhec-risk.com
  • Article
  • Info & Metrics
  • PDF (Subscribers Only)
Loading

Click to login and read the full article.

Don’t have access? Click here to request a demo 
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600

Abstract

The authors collected 104 responses, representing investors from asset management companies, pension funds, and insurance firms all over Europe. The survey finds that liquidity, objectivity, and transparency are the most important criteria investors have for indices. Buy-and-hold characteristics are not requirements for an index, signifying a break with the traditional conception of indices, which sees the extremely low turnover as a distinguishing characteristic between passive and active investments. This finding has strong implications, as it suggests that any liquid and systematic methodology could be adopted for index construction. In terms of specific requirements for indices in different asset classes, the authors find that although subsegment indices (e.g., for styles, sectors, and so on) play a subordinate role in equity investing compared to broad market indices, subsegment indices are far more popular for bonds. Concerning the recently introduced alternative weighting schemes, index providers have paid much attention to developing alternative weighting schemes for equity; however, the adoption rate of alternative weighting schemes for bond indices is quite low at the same time the dissatisfaction with bond indices is actually higher than with equity indices, and investors perceive numerous important problems with standard bond indices.

  • © 2012 Pageant Media Ltd
View Full Text

Don’t have access? Click here to request a demo

Alternatively, Call a member of the team to discuss membership options

US and Overseas: +1 646-931-9045

UK: 0207 139 1600

Log in using your username and password

Forgot your user name or password?
PreviousNext
Back to top

Explore our content to discover more relevant research

  • By topic
  • Across journals
  • From the experts
  • Monthly highlights
  • Special collections

In this issue

The Journal of Index Investing: 3 (1)
The Journal of Index Investing
Vol. 3, Issue 1
Summer 2012
  • Table of Contents
  • Index by author
Print
Download PDF
Article Alerts
Sign In to Email Alerts with your Email Address
Email Article

Thank you for your interest in spreading the word on The Journal of Index Investing.

NOTE: We only request your email address so that the person you are recommending the page to knows that you wanted them to see it, and that it is not junk mail. We do not capture any email address.

Enter multiple addresses on separate lines or separate them with commas.
Indices in Institutional Investment Management: Results of a European Survey
(Your Name) has sent you a message from The Journal of Index Investing
(Your Name) thought you would like to see the The Journal of Index Investing web site.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Citation Tools
Indices in Institutional Investment Management:
Results of a European Survey
Noël Amenc, Felix Goltz, Lin Tang
The Journal of Index Investing May 2012, 3 (1) 12-28; DOI: 10.3905/jii.2012.3.1.012

Citation Manager Formats

  • BibTeX
  • Bookends
  • EasyBib
  • EndNote (tagged)
  • EndNote 8 (xml)
  • Medlars
  • Mendeley
  • Papers
  • RefWorks Tagged
  • Ref Manager
  • RIS
  • Zotero
Save To My Folders
Share
Indices in Institutional Investment Management:
Results of a European Survey
Noël Amenc, Felix Goltz, Lin Tang
The Journal of Index Investing May 2012, 3 (1) 12-28; DOI: 10.3905/jii.2012.3.1.012
del.icio.us logo Digg logo Reddit logo Twitter logo CiteULike logo Facebook logo Google logo LinkedIn logo Mendeley logo
Tweet Widget Facebook Like LinkedIn logo

Jump to section

  • Article
    • Abstract
    • INVESTORS’ OVERALL JUDGEMENT ON INDEX QUALITY
    • KEY ISSUES WITH CURRENT INDICES FOR EQUITY AND BONDS
    • THE FUTURE OF INDEXING: TOWARD MORE PURPOSE-BUILT INDICES?
    • CONCLUSION
    • ENDNOTES
    • REFERENCES
  • Info & Metrics
  • PDF (Subscribers Only)
  • PDF (Subscribers Only)

Similar Articles

Cited By...

  • Toward Normative Transparency of Disclosure in a Revised Mutual Fund Total Cost Construct
  • Mutual Fund Markets Are Imperfectly Competitive
  • Google Scholar

More in this TOC Section

  • Editor’s Letter
  • Editor’s Letter
  • Editor’s Letter
Show more Article
LONDON
One London Wall, London, EC2Y 5EA
United Kingdom
+44 207 139 1600
 
NEW YORK
41 Madison Avenue, New York, NY 10010
USA
+1 646 931 9045
pm-research@pageantmedia.com
 

Stay Connected

  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

MORE FROM PMR

  • Home
  • Awards
  • Investment Guides
  • Videos
  • About PMR

INFORMATION FOR

  • Academics
  • Agents
  • Authors
  • Content Usage Terms

GET INVOLVED

  • Advertise
  • Publish
  • Article Licensing
  • Contact Us
  • Subscribe Now
  • Sign In
  • Update your profile
  • Give us your feedback

© 2021 Pageant Media Ltd | All Rights Reserved | ISSN: 2154-7238 | E-ISSN: 2374-135X

  • Site Map
  • Terms & Conditions
  • Privacy Policy
  • Cookies