The French association of institutional investors (Af2i), and the EDHEC Business School are to carry out research on the main market indices used by European investors. They have already received the support of BNP Paribas Asset Management and UBS Global Asset Management.
“For the vast majority of European institutional investors, constructing a benchmark and measuring the performance of their portfolio in relation to the benchmark are central to their investment process,” says a spokesman for AF2i. “Often, the chosen benchmark is a market index and/or a combination of market indices. Evaluating the quality of these indices as a benchmark is therefore a question that is essential to institutional investors.”