Scientific Beta

Index Universe: "The implications of EDHEC-Risk’s decision to offer free constituent information for thirty “smart beta” strategies reach far beyond the index business. EDHEC’s transparency push is clearly a challenge for index firms who seek to charge for smart beta investment strategies on the basis of a percentage share of assets under management."

Index Universe 22/04/2013

"(…) The implications of EDHEC-Risk’s decision to offer free constituent information for thirty “smart beta” strategies reach far beyond the index business. EDHEC’s transparency push is clearly a challenge for index firms who seek to charge for smart beta investment strategies on the basis of a percentage share of assets under management. EDHEC says it will hand index constituent data out for nothing, only charging for the information if you wish to use its name in a fund you wish to promote. But the initiative is arguably a bigger threat to the asset-based fees charged by fund management firms of all types. (...)"