Solactive enters benchmark index space

German index provider Solactive has launched benchmark indices for both equity and fixed income asset classes.

The indices are intended to enable clients to construct so called smart beta indices using the new benchmarks; but they are also intended for use by those offering active strategies or doing analysis of indices across countries, regions or sectors.

Solactive said the launch of the benchmark indices would enable it to build its own client base by adding active fund managers, who are looking for cost effective benchmarks, as well as those building smart beta strategies.

Steffen Scheuble, CEO and founder of Solactive, said: “We have been approached by several asset owners, who are unhappy with either the service offered by the existing benchmark providers or find that the pricing for their service is unreasonable. Therefore we decided to close the gap and offer exactly what is missing – a cost-efficient and high quality service alternative.”

The new benchmark indices are:

IndexAsset ClassTarget
Solactive US Broad Market IndexEquityCovers large cap, mid cap and small cap US companies
Solactive US Large Cap IndexEquityCovers the 500 largest companies in the US (buffer rules apply)
Solactive US Large & Mid Cap IndexEquityCovers the 1,000 largest companies in the US (buffer rules apply)
Solactive Euro IG Corporate IndexFixed IncomeMeasures the performance of Investment-Grade Corporate Bonds denominated in EUR
Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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