JPMorgan Launches Alternative Beta Indices

Nov 30 2009 | 10:25am ET

JPMorgan Chase has launched a series of alternative beta indices, with plans for a fund based on them for next year.

The Alternative Index Series features 26 indices, covering equities, interest rates, foreign exchange and commodities. The indices use momentum, carry and satellite strategies.

“There is no generally accepted framework for thinking about alternative beta,” Thomas Salter, head of equity derivatives product development, told the Financial Times. “We’re talking about creating indices that characterize the market in a transparent and credible way.”

The indices are fully tradeable, Salter said. And JPMorgan plans to profit from that, launching a UCITS III-compliant fund tracking several of them next year.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...