From 1 March 2017 the Private Investor Index Series produced by MSCI will offer wealth managers a series of ‘flexible multi-asset class indices that will be augmented and enhanced over time.’
The WMA said the change is ‘the culmination of a ‘lengthy project’ to designed to ensure the series remain credible, useful and relevant to the wealth management community.
The level of flexibility being offered by index providers was a factor in the decision, the WMA said.
Five indices
This new agreement involves the provision of five indices; conservative, balanced, income, growth and global growth. There will also be ongoing development and refinement of the traditional indices, and exploration of options for new indices.
Maintaining the transparency of the indices will remain a priority for both sides and the data collection for the indices from within the WMA membership will remain confidential, reported anonymously and in WMA hands, according to the organisation.
WMA chief executive Liz Field said: “It is essential that as a trade association we constantly review the ongoing relevance and use of our suite of indices for our member firms. As demands change we need to be able to evolve with them and the flexibility offered by MSCI allow us to do that.”
”We are proud that the WMA has chosen MSCI as the provider for this index series,” added Diana Tidd, managing director and global head of index products at MSCI. “We are dedicated to supporting the wealth management community, and delivering top quality indexes,”
