GLOBAL - Standard & Poor's has launched two indices for the commodities and natural resources sectors.
Each of these sectors has two clusters - energy (oil, coal and gas), agribusiness (agriculture & livestock) and metals and mining (precious and industrial).
The index offers focused coverage of the 60 largest companies across these six clusters, and is designed primarily for structured product providers and ETFs.
The S&P PMI Commodities and Resources Index is designed to provide a broader coverage of larger capitalised stocks from commodities and resources (energy, agribusiness and metals & mining), with approximately 160 stocks suitable for benchmarking for performance measurement, data for research, or passive management, including funds and ETFs.
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.