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FTSE to Promote Greater Transparency on ETFs via TrackInsight

English

Koris International is pleased to announce the signing of a partnership agreement with FTSE Group, designed to provide institutions with greater insight, information and education on FTSE, FTSE MTS and Russell Indices tracked by European listed ETFs.

Newly Formed TrackInsight International Advisory Board

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Koris International is pleased to announce the creation of the TrackInsight International Advisory Board which will be chaired by Pierre Guillemin (Head Portfolio Management Asset Allocation & Equity at Swiss Life Asset Managers). Mr. Guillemin’s role as Chairman of the Advisory Board will notably include constituting an independent committee of institutional investors that use passive vehicles and are representative of the main European countries.

Launch of TrackInsight – First European ETFs Analysis Platform

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Koris International proudly announces today the launch of TrackInsight, the first platform providing analyses on the replication quality of European ETFs for institutional investors (www.trackinsight.com). Three of the five largest European ETF providers have already recognised the soundness of the initiative.

Discussion with Alain Raffeau (bond manager, Federis GA)

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Alain Raffeau, fund manager of Pro Rendement Global, dynamic credit fund, recalls the reasons why Federis GA - an asset management company with social economy roots managing more than 25 billion euros of assets (as of June 30, 2014) - has partnered with Koris International and outlines the benefits of the joint solution in a rock-bottom yield environment.

Bank of America Merrill Lynch Appoints Koris International as Investment Advisor

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On February 3rd 2014, Bank of America Merrill Lynch announced the launch of the Merrill Lynch Investment Solutions (MLIS) - Merrill Lynch Dynamic Capital Protection UCITS Fund, managed by Merrill Lynch International and advised by Koris International.

Research

An overview of Risk-Based Investing Approaches

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Quantitative risk assessment and management have become even more crucial since the last financial crisis and the introduction of new regulations, such as the Basel Accords and the Solvency II directive. This article aims to present a non-exhaustive literature review of the main existing risk measures as well as their integration into a portfolio management process.

European ETFs – A Market Ripe for Consolidation

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More than 20 exchanges versus three in the United States. Multiple regulations versus a single one in the US. Several currencies, a large number of ETF providers, more than 2,000 European trackers with over 6,000 listings. This reflects how far the European market is fragmented. However, the search for economies of scales on the part of ETF providers and issuers will lead to consolidation within the industry, for the benefit of all participants.

Koris 2014 European Institutional Risk-Based Investing Survey

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Through the 2014 European Institutional Risk-Based Investing Survey, Koris International has endeavoured to provide a global picture on the use and comprehension of investment risk practices by European institutional investors. 74 institutions from 12 European countries kindly participated in our survey. Their responses show that they put risk at the forefront when allocating assets.

ETF: Toward a Tailored Selection Approach

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Selecting an Exchange-Traded Fund (ETF) cannot be based on a sole performance measure common to all investors. Indeed, investors have their own specific investment purposes and the quality assessment of ETFs vary from one to another with regards to which indicators are favoured. Using examples of three major equity indices, Maxime Bonelli (R&D engineer at Koris International) highlights that ETF selection should be carried in an investor-specific framework founded on statistical indicators measuring the tracking quality deemed relevant by the end-investor.

S&P 500 ETFs – When Good Tracking Error Hides a Surprise

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With a deep and liquid market, one would expect the competition among ETFs replicating the S&P 500 to be fierce, resulting in very comparable funds. Despite exhibiting very low tracking error levels, ranging from 1/10th to 3/10th bps over two years, the seven S&P 500 trackers analysed in our study show very large discrepancies in terms of tracking difference (i.e. the real total cost of ownership investors bear over the long run).

Events

TrackInsight @Inside ETFs Europe 2015

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Jean-René Giraud, Koris’ founder and CEO, will be speaking at the must-attend Inside ETFs Europe 2015 Conference on June 8-10 in Amsterdam organised by ETF.com, the world’s leading authority on publications and events on ETFs.

Koris’ Research to be presented at Four International Financial Academic Conferences

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Maxime Bonelli, Research & Development at Koris, will be presenting his research paper on stock market return predictability at four international academic conferences in Rennes, Nantes, Paris and Amsterdam in the next two months.

L’Agefi and Koris distinguish the best European ETFs

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L’Agefi and Koris International unveiled the AGEFI ETF Grands Prix winners list during the 2015 AGEFI Annual ETF and Index Fund Forum on February 5th in Paris. 12 European ETFs have been awarded within 4 asset classes on the best Tracking Difference, the best Tracking Error and the highest relative Net Inflow. To distinguish the winners, certified and unbiased data from TrackInsight – the European ETF analysis platform developed by Koris International – were used.

TrackInsight Platinum Partner @ EDHEC- Risk Days Europe 2015

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TrackInsight, the first free European ETF analysis platform for institutional investors, will proudly participate in the forthcoming EDHEC-Risk Days Europe 2015 in London on March 24th and 25th, 2015 as a platinum partner. Organised by a renowned academic research centre each year, this event gathers institutional investor and fund manager communities to present and discuss the research conducted by EDHEC-Risk Institute.

First Edition of the L’AGEFI ETF Grand Prix

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Koris International is pleased to cooperate with L’AGEFI – renowned French daily newspaper covering the latest national as well as international economic and financial news- on the first L’AGEFI ETF Grand Prix edition.