Edhec-Risk institute smart beta indices hit $8bn

The value of assets tracking the Edhec-Risk Institute smart beta indices has topped $8bn, according to the French research centre.

The value has tripled over the past year, particularly with the adoption of its Scientific Meta Multi-Beta Multi-Strategy offering.

Now the research institute is looking to increase the level of indexed assets to over $12bn by the end of 2015. A crucial driver will be the transparency built into Edhec-Risk Institute’s approach to smart beta: it notes that the Scientific Beta platform offers fully open access to all performance data, historical compositions and construction methodologies of the Scientific Beta indices.

Noël Amenc, set to head Scientific Beta, the indexing arm of Edhec-Risk Institute from 1 August, said: “Smart beta is a commoditisation of two essential contributions from modern portfolio and asset pricing theory, namely allocating to factors that are well rewarded over the long term and reducing unrewarded risks through diversification. These two ingredients are the core of the Smart Beta 2.0 offering marketed by Scientific Beta.”

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