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Assets tracking Scientific Beta indices reach USD 10.3bn
ERI Scientific Beta, the smart beta index provider venture of EDHEC Risk Institute, today announced that .
In terms of geographical distribution, these assets are located in North America (59%), Europe (35%) and Asia-Pacific (6%).
There are also 10 exchange-traded funds (ETFs) replicating Scientific Beta indices listed on the New York Stock Exchange, the London Stock Exchange, Euronext Paris, Deutsche Börse and Borsa Italiana.
The success of the Scientific Beta Multi-Beta Multi-Strategy indices and the interest of institutional investors are clearly based on the impressive live track record of the indices. The Scientific Beta multi-smart-factor indices, which allocate to four Smart Factor Indices (Mid-Cap, Value, Momentum and Low Volatility), .
Commenting on the fact that assets tracking Scientific Beta indices had broken through the USD 10bn mark, Noël Amenc, CEO of ERI Scientific Beta, said, "ERI Scientific Beta's approach to smart beta index provision is based on three guiding principles: more academic rigour, more transparency, and less cost. It is extremely gratifying to see that these principles have proven to be attractive to our clients. Crucially, ."
The average live outperformance across all Scientific Beta developed regions of Scientific Beta Multi-Beta Multi-Strategy (Equal Weight and Relative Equal Risk Contribution) indices is 4.51% and 4.24% respectively. This live analysis is based on daily total returns in the period from December 20, 2013 (live date) to March 31, 2016, for the following developed world regions - USA, Eurozone, UK, Developed Europe ex UK, Japan, Developed Asia Pacific ex Japan, Developed ex UK, Developed ex USA and Developed. The benchmark used is a cap-weighted portfolio of all stocks in the respective Scientific Beta universes.
Copyright GlobeNewswire
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Source: %s via Globenewswire