Index Providers

Where there is an ETF, there generally is an underlying index, and, by extension an index provider. Index providers compile statistics related to various asset classes, industries, and securities, to provide the investment community with a means to quantify and understand how various markets and asset classes perform on an ongoing basis. Over time, index providers have sought to come up with differentiated and improved methodologies to define specific market opportunities that they bundled and licensed as an index. ETFs leverage a wide range of indices, enabling investors to participate in specific segments of the market in a cost-effective manner. Portfolios are assembled by ETF providers to mirror the performance of underlying indices. Instead of purchasing each security individually, investors can purchase a single ETF providing them exposure to the entire universe of securities comprising an index. This achieves diversity while simultaneously allowing for targeting focused opportunities.

Index providers actively monitor their indices to ensure changes are made to reflect the overriding methodology, or the shifting corporate landscape. ETF providers whose product follows a specific index respond by making changes to the portfolio compositions. Changes made to an index can be brought on by many different factors, including the emergence of new companies, and the elimination of others through mergers & acquisitions or bankruptcy. The list below provides a quick snapshot of some of the most relevant index providers supporting ETF products in Canada:

New-MSCI-Apr-2015

MSCI

MSCI have been at the forefront of index construction and maintenance for over 40 years. Globalization and the rapid integration of markets have led MSCI to explore alternative approaches to categorizing the global equity universe and product development. MSCI has remained a market leader by expanding and enhancing their index offering to reflect the evolving and complex needs of the institutional investment community with groundbreaking new products, innovative research, high quality data and dedicated client support.

Today, MSCI offer a family of over 160,000 consistent and comparable indexes, used by investors around the world to develop and benchmark their global equity portfolios. More than USD 9.5 trillion in assets are estimated to be benchmarked to MSCI indexes worldwide. MSCI indexes are also licensed as the basis for financial products such as Exchange Traded Funds (ETFs) and structured products. Over 675 ETFs are based on MSCI indexes (from leading providers incl. Amundi, Commerzbank, Deutsche Bank, ETFlab, HSBC, iShares, Lyxor, Source, SSgA, and UBS), with an estimated USD 380 billion in ETF assets globally.

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S&P Indices

S&P Dow Jones Indices

S&P Dow Jones Indices, the world’s leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor’s family of indices, which includes the S&P 500, the world’s most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry’s most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds.
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ftsetmx

FTSE TMX Canada Indices

FTSE TMX Global Debt Capital Markets (formerly PC-Bond / DEX) is the predominant provider of fixed income indices in Canada, best known for the Universe Bond Index, and also the leading provider of Gilt (UK government bond) indices and also a significant fixed income player in international markets.

FTSE TMX also provides to clients the PC-Bond analytical system, which has been the market leader in fixed income portfolio management software in Canada since 1985. This institutional client based software offers five powerful programs to turn raw market data into investment information to assist clients in their investment decisions

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FTSE-logo

FTSE

FTSE Group (FTSE) is a world-leader in the creation and management of over 250,000 equity, bond and alternative asset class indices. With offices in the Americas (Boston, New York, Rio de Janeiro, San Francisco, and Toronto), EMEA (London, Dubai, Paris, and Milan), as well as in the Asia Pacific region (Bejing, Hong Kong, Mumbai, Sydney, Shanghai and Tokyo),  FTSE Group measure multiple markets and asset classes in more than 80 countries. 
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solactive

Solactive

Since its creation in 2007, Solactive has become one of the key players in the indexing space. The German multi asset class provider is focusing on tailor-made indices; developing, calculating and distributing them worldwide. Offering to its clients a faster sservice, with great flexibility and at a reasonable cost has allowed Solactive to become one of the fastest growing index providers over the past few years.

Solactive now calculates 1,000 indices for over 100 clients in Europe, America and Asia. Approximately 20 billion USD are invested in products linked to indices calculated by Solactive globally, primarily via 125 ETFs.

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Research Affiliates

Research Affiliates

Research Affiliates (“RA”) is a global leader in innovative investing and asset allocation strategies. Dedicated to solving complex investment issues, we create innovative strategies that respond to the current needs of the market.

Our competitive edge is the strength of our research and product development capability led by Robert Arnott and Jason Hsu, PhD. Arnott and Hsu are supported by a talented team of researchers, most of whom have advanced degrees from top-ranked schools and additional professional certifications such as the Chartered Financial Analyst (CFA) and Financial Risk Manager (FRM) designations. Success is defined by our ability to exceed client
expectations in providing innovative, strong risk-adjusted return portfolios.

Leveraging its strong research focus, RA distributes products in partnership with some of the world’s leading financial institutions. These affiliations take the form of
licensing agreements, sub-advisory services, and direct asset management. Click Here for More Information

NASDAQ Indicies

NASDAQ Indexes

NASDAQ OMX Global Indexes has been creating innovative, market-leading, transparent indexes since 1971. Today, its index offering includes more than 27,000 indexes spanning geographies and asset classes, and includes diverse families such as the Dividend Achievers, Global Equity, Nordic, Green Economy, Fixed Income and Commodity Indexes. NASDAQ OMX regularly helps to expand the trading and investment landscape with new opportunities in ETFs, ETNs, futures, options, structured products and other index-linked investment vehicles. NASDAQ OMX indexes are the basis of more than 140 ETPs and 8100 structured products around the world. ETF providers, institutions, advisors and individual investors rely on NASDAQ’s reliable, pioneering technology, rules-based index construction and comprehensive index services to power their investing, trading and risk-management needs. To learn more, visit Nasdaqomx.com/indexes.

Morningstar Indexes

Morningstar

For over a decade, Morningstar has been developing index industry firsts and delivering innovative indexing solutions. Built on principles outlined in modern portfo¬lio theory, Morningstar Indexes offer passive investment opportunities to deliver beta exposure. Using transpar¬ent, rules-based methodologies, Morningstar Indexes cover all of the markets’ main asset categories—equities, global bonds, commodities, and retirement funds.

Morningstar’s award-winning research inspires the products—from broad equity indexes that track global markets, to a family of commodity indexes. Morningstar Indexes leverage a wide array of investment research—quantitative, qualitative, and portfolio construction—from various groups within Morningstar to harness market anoma¬lies, allowing for the development of superior portfolio solutions.Click Here for More Information

Russell

Russell

In 1984, a team from Russell used insights investment management behavior to launch the Russell Indexes. These new tools were designed to produce indexes that objectively track and better reflect investment manager behavior. Over the last 20 years, Russell has been a leading innovator in index design and continually set industry standards. Click Here for More Information

Auspice logo May 2013

Auspice eBetaTM Enhanced Indices

In the wake of the financial crisis, investors are searching for more efficient means of extracting value from the commodity markets. Traditional commodity indices have failed in their attempt to provide diversification when investors required it most. The Auspice eBetaTM Indices are designed to meet the needs of investors that are looking to participate in commodity markets through a disciplined approach without sacrificing performance, diversification, and transparency.Click Here for More Information

BNY Mellon Indices

BNY Mellon Indices

Established in 2007 from the merger of Mellon Financial Corporation and The Bank of New York Company, Inc., BNY Mellon is a leading investment management and investment services company, uniquely focused to help clients manage and move their financial assets and succeed in the rapidly changing global marketplace. Headquartered in New York, BNY Mellon has $25.9 trillion in assets under custody or administration and $1.2 trillion under management.Click Here for More Information

CME Group

CME Group

Building on the heritage of CME, CBOT, NYMEX and COMEX, CME Group serves the risk management needs of customers around the globe. We provide the widest range of benchmark futures and options products available on any exchange, covering all major asset classes. Our collective vision is one of ongoing global growth, innovative product development, continually enhanced technology and the highest level of service available on any exchange.
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BarCap Indices

BarCap Indices

The Barclays Capital Indices platform offers market leading benchmarks and alpha generating index products to meet the diverse needs of global investors including investment and market analysis of both alpha and beta sources, portfolio benchmarking and performance measurement, asset allocation, and the creation of index tracking funds and index based structured products.

Through our beta/benchmark platform, Barclays Capital is the leading provider of fixed income, inflation-linked, and swaps indices offering unmatched market coverage and a full suite of customized client solutions for benchmarking and informational needs. Flagship benchmarks in the Barclays Capital Indices platform include the Aggregate, Inflation-Linked Bond, High-Yield, Emerging Markets, Municipal, Floating-Rate, Government/Treasury, Universal, and Swaps (Nominal and Inflation) Index families which include both global/multicurrency macro benchmarks as well as regional single-currency versions.

The Barclays Capital Indices platform also includes a diverse family of alpha generating strategy indices that offer quick and easy access to outperformance sources and a quantitative way to express investment strategies in markets that would otherwise be difficult to access. Index products are available across multiple asset classes including equities, fixed income, FX, commodities, derivatives, and alternative investments.
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Zacks Investment Research

Zacks Investment Research

Zacks Investment Research is one of the most highly regarded firms in the investment industry. The guiding principle behind our work is that there must be a good reason for brokerage firms to spend billions of dollars a year on stock research. Obviously, these investment experts know something special that may be indicative of the future direction of stock prices. From day one, we were determined to unlock that secret knowledge and make it available to our clients to help them improve their investment results
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AlphaShares

AlphaShares

AlphaShares has developed and maintains a series of China indexes designed to provide investors with intelligent and diversified exposure to China. Some AlphaShares Indexes are available to investors as NYSE traded ETFs and all are available to institutional investors as separate accounts managed by AlphaShares, LLC
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Cohen & Steers

Cohen & Steers

Cohen & Steers is a manager of portfolios specializing in U.S. and international real estate securities, large cap value stocks, listed infrastructure and utilities, and preferred securities. The company also manages alternative investment strategies such as hedged real estate securities portfolios and private real estate multimanager strategies for qualified investors. Headquartered in New York City, with offices in London, Brussels, Hong Kong and Seattle, Cohen & Steers serves individual and institutional investors through a broad range of investment vehicles.
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Sustainable Wealth Management

Sustainable Wealth Management

Sustainable Wealth Management Ltd. is an index provider dedicated to developing indexes for ETF providers and institutional investors. Indexes are based on equal weighted or industry specific fundamental factors. The firm specializes in the North American energy sector with a strong focus on Canada’s oil sands.
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