Analyze the all the Tools and Techniques you will Need to Construct an Equity Index.

DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c55401) has announced the addition of A Guide to Equity Index Construction to their offering.

Equity indexes out-perform the majority of active fund management strategies. Not only will this book teach the reader to construct an optimal index, but it will also assist fund managers to 'know their enemy'.

Index construction is an important scientific process. There are now estimated to be EU14 trillion of equities under professional management, and theory suggests that these funds should have an appropriate benchmark in order to match assets and liabilities.

A Guide to Equity Index Construction presents readers with an independent explanation of the processes of methodical index construction. It also addresses the inefficiencies in the construction process that could potentially be exploited by active managers, or those wishing to refine the process, in order to create better indexes in the future.

Documenting best practice and keeping mathematical formulae to a minimum, this guide provides a straightforward set of rules and all the tools and techniques you will need to construct an equity index.

With over 20 years experience in the fund management industry, author Daniel Broby, presents a clear and workable methodology and:

* equips you with the skills to construct an optimal index;

* debates the issue of an appropriate benchmark for equity funds;

* shows the link between the CAPM and index construction;

* helps you to understand the nature of the underlying return series;

* makes better fund managers out of active managers through an improved understanding of - benchmark construction;

* enables you to differentiate between the myriad of derivative and synthetic ways to gain - exposure to an index.

This powerful reference manual is recommended for fund managers, index constructors, quantitative analysts, risk analysts, CIOs, institutional relationship managers, financial journalists, finance students and academics.

About the author:

Daniel Broby is a member of the BankInvest Investment Board. He was chief investment officer at BankInvest, responsible for the investment process and the day-to-day running of the quoted equity, bond and guaranteed products. He transferred these responsibilities in July 2004 and launched Denmark's first and only regulated hedge fund on behalf of Bankinvest in November 2005.

He now focuses his efforts on the stock-picking and investment process within BankInvest and the Basis product specifically. BankInvest Basis is a flagship global product, rated five stars on Morningstar. It is benchmarked against the MSCI World All Share Index, which it has consistently outperformed. He has managed it jointly since November 2000. BankInvest is a Nordic asset manager owned by 46 Nordic banks and financial institutions. BankInvest manages international equity and bond portfolios for a range of mutual funds distributed by its member banks as well as institutional mandates and is Denmark's third largest fund manager.

Daniel has an MPhil in economics and an MSc in investment analysis. He was a board member of UKSIP and IIMR for over 10 years. He was the CFA Institute's President Council Representative for Europe, Middle East and Africa for four years and was presented with the Institute's Society Leader Award in 2006. He now serves as a member of the Capital Markets Policy Council. He was elected an individual member of the London Stock Exchange in 1990 and is a Fellow of the Securities Institute in the UK.

Daniel joined the fund management industry at the end of 1985 as a trainee at Credit Suisse Buckmaster and Moore. Prior to his current role at BankInvest, he was chief portfolio manager at Nordea Investment Management and prior to that head of international research at Morgan Stanley Quilter.

Topics Covered
Introduction
 1. The Index and Modern Portfolio Theory Introduction
 2. Which benchmark?
 3. Taking risk into account
 4. The efficiency of the Benchmark index
 5. Sampling and selection procedures
 6. Establishing statistical method
 7. Making the index investable
 8. Collection and Processing of Data
 9. How to Handle Industries
10. How to Handle Factor Exposure
11. How to Handle Countries and Currencies
12. Maintenance
13. The Commercial indexes
14. Bespoke indexes
15. Tying it all together
References

For more information visit http://www.researchandmarkets.com/reports/c55401