Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information.
Friday, 9 December 2016
Last updated 2 hours ago
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.