IndexUniverse.com Announces Winners of Inaugural Innovations in Indexing Awards.PHOENIX, Ariz. -- IndexUniverse.com, the world's leading resource for information about index-based investing, announced the winners of the first annual IMN/IndexUniverse.com Innovations in Indexing ("5 I's") Awards on December 6th. Winners were named at a gala dinner held at the 9th Annual Super Bowl of Indexing conference in Phoenix, Arizona. "IndexUniverse.com is proud to recognize the achievements of this year's award winners, and of a very worthy group of nominees," said Jim Wiandt, publisher of IndexUniverse.com. "Together, they represent the future of our industry." Awards were given in six categories. Fidelity Investments won the "Most Innovative Index Fund" award for dramatically lowering its index fund fee structure. Fidelity recently implemented low expense ratios of 0.10% on its S&P 500, MSCI EAFE, Wilshire 5000 and Wilshire 4500 funds. Barclays Global Investors Barclays Global Investors is a subsidiary of British-based Barclays Bank which is in the investment management industry. It is the largest corporate money manager in the world, with over £936 billion (US$1.77 trillion) under management as of March 2006[1]. won "Most Innovative Exchange-Traded Fund" for its iShares Emerging Markets (EEM) and EAFE (EFA EFA essential fatty acid. ) funds. The introduction of these funds provided investors with the first real-time exposure to MSCI's leading international indexes. The Chicago Board Options Exchange Chicago Board Options Exchange (CBOE) A securities exchange created in the early 1970s for the public trading of standardized option contracts. Primary place for the trading of stock options, foreign currency options, and index options (S&P 100, 500, and OTC 250 index) (CBOE CBOE See: Chicago Board Options Exchange CBOE See Chicago Board Options Exchange (CBOE). ) and Standard and Poor's Noun 1. Standard and Poor's - a broadly based stock market index Standard and Poor's Index earned the award for "Most Innovative Benchmark Index" for their jointly developed S&P 500 BuyWrite Index, which provides investors with a benchmark to track the popular "buy-write" options strategy. CBOE also took home the award for "Most Innovative Index Derivative" for its Volatility Index (VIX VIX The implied volatility on the S&P 100 (OEX) option. This volatility is meant to be a forward looking volatility. It is calculated from both calls and puts that are near the money. The VIX is a popular measure of market risk. ) Futures. VIX Futures were introduced earlier this year as the first tradable product based on the CBOE Volatility Index CBOE Volatility Index See VIX Index. , a leading benchmark of market sentiment. Steven Schoenfeld, Chief Investment Strategist for Northern Trust Global Investments, took home the prize for best research paper with his essay "The Future of Indexing," published in the October/November 2004 issue of the Journal of Indexes. Finally, Tim Harbert, former chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of State Street Global Advisors (SSgA), was posthumously awarded the lifetime achievement award in indexing. A full list of winners and nominees is available at http://www.indexuniverse.com. About IndexUniverse.com IndexUniverse.com and its related sub-sites cover product and market developments related to index funds, exchange-traded funds, index derivatives and the sophisticated investment strategies which use these financial tools. IndexUniverse.com is published by Index Publications LLC, which also publishes the Journal of Indexes and the Exchange-Traded Funds Report. Full archives are available at http://www.indexuniverse.com. About Information Management Network (IMN) Information Management Network (IMN) is the market leader in organizing executive level Investment Management Conferences of the highest quality to both the institutional and investment markets worldwide. |
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