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Article: Index managers see assets increase for first time since 2007; International equities post biggest gain, by 20% to $1.1 trillion.(A)
- Article from:
- Investment News
- Article date:
- September 28, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Rob Kozlowski
Index strategies bounced back in the first half of 2009, marking the first increase in assets since the end of 2007.
The reasons for the upturn: a recovering market and a flight to passive management, according to a semiannual survey by sister publication Pensions & Investments.
Total worldwide assets under internal indexed management as reported by the 48 firms in the survey grew 11% in the first six months of 2009, with managers reporting $4.67 trillion as of June 30, up from $4.18 trillion as of Dec. 31.
This is the first six-month period to show an increase since assets peaked at $5.65 trillion at the end of ...