Scientific Beta

Financial News: "Elsewhere, EDHEC-Risk Institute, the French academic institution, has set up a platform that will give investors the chance to compile and manage lists of stocks for free. It is starting with 30 flagship indices and wants to move to 100 within a year."

Financial News 29/04/2013

"(...) A revolution is shaking the world of indices as providers use different stock rankings to win business from clients increasingly sensitive to cost. The price war is fiercest between providers of commoditised cap-weighted indices, which underpin the vast majority of exchange-traded funds. (...) Elsewhere, EDHEC-Risk Institute, the French academic institution, has set up a platform that will give investors the chance to compile and manage lists of stocks for free. It is starting with 30 flagship indices and wants to move to 100 within a year. Tomas Franzen, chairman of EDHEC’s advisory panel and chief strategist of Swedish pension scheme AP2, said: “This initiative also is a very good example of the general need for solutions rather than products in investing.” (...)"