News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Managers’ smart indices catch on with pension funds

'Smart beta' concept was pioneered in the early 2000s by US-based manager Research Affiliates and ranks company shares by metrics, such as sales and turnover, rather than by market cap

Fund managers’ latest hot product – semi-passive funds that track non-standard indices – looks to have caught on with pension fund investors, with 43% of a group surveyed considering putting money in during 2013.

These products, often known in the industry as "smart beta", are the most popular new investment idea cited in an asset-allocation survey from investment consultancy bfinance, which advises pension schemes.

WSJ Logo