Lipper is to create a family of stock and equity benchmarks based on the portfolio data it collects...
Lipper is to create a family of stock and equity benchmarks based on the portfolio data it collects in its role policing IMA sectors. Each of these so-called 'active' benchmarks will mirror the average stock exposures of a sector peer group.
It also aims to use the data to calculate values for the indices which it will be able to organise according to asset classes, fund type and even capitalisation criteria. These index values will be updated, initially on a monthly basis, and later with greater frequency.
The product, which resembles the Caps pensions asset allocation benchmark, is to be launched later this year or early next and will be based on data it is collecting under its agreement with the IMA to monitor fund sectors and ensure funds remain within sector mandates.
According to Robin Thurston, global director of research, media and marketing at Lipper, around 80% of fund providers are now supplying monthly data to Lipper.
The Lipper Leaders ratings, which are available online at www.lipperleaders.com, are to be expanded later in the year.
Ratings for cost and total return are to be added to the two existing ratings, one for preservation of capital and one for consistency of return.
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