GLOBAL - Global index provider MSCI Barra will be launching some 20,000 new indices over the next few months in order to remain in step with growing trends in pension fund investments.
The proposed restructuring of the firm, which is currently in the consultation phase, will see MSCI Barra broadening and increasing its span of indices to include a wider scope of assets - particularly across the equities sector.
MSCI Barra COO David Brierwood explained the reasons behind the restructure.
“Financial instruments are constantly being created to lower the total cost structure of investments,” he said, “and this therefore has allowed pension funds to invest in a wider spread of assets.”
Brierwood stressed the importance for MSCI Barra of keeping abreast of any developments in pension fund investment trends.
“The investment universe has been changing and our consultation with consultants, managers and pension funds will undoubtedly spawn new indices to reflect this,” Brierwood said.
Currently MSCI Barra has around 80,000 indices and Brierwood said the number would be sure to reach 100,000 within the next few months and possibly go beyond that figure in the future.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
NEST has appointed Clive Elphick, Martin Turner, Mutaz Qubbaj and Chris Hitchen as trustee members of its reshaped board.
Most people want to avoid investing in projects that contribute to climate change, and would consider moving to another less-exposed provider, according to a survey commissioned by ClientEarth.