FTSE unveils active index series

The FTSE ActiveBeta Index Series aims to capture systematic sources of active equity returns to deliver alpha, or out-performance, by using momentum and value factors in the methodology. FTSE says its research shows this method provides a substantial portion of traditional active equity management returns rather than a manager's stock selection skill. The firm says the research also reveals the counter cyclical nature of momentum and value returns, suggesting the combination of these factors should provide superior performance compared to capturing momentum or value individually. T...