Thomson Reuters has launched the Thomson Reuters StarMine Affinity World Leaders Index in partnership with Affinity Investment Advisors. The index is a more selective business sector and region-neutral index derived from Thomson Reuters Global Developed Index and powered by Thomson Reuters StarMine factors.
The Thomson Reuters StarMine Affinity World Leaders Index was created to serve investors seeking to invest in developed market equities that may be best positioned for future performance. This new index transparently uses factors which are proprietary to StarMine, creating a unique and differentiated index product. The index selects equities based on a variety of StarMine metrics such as Analyst Revisions Model, Relative & Intrinsic Valuation, Price Momentum, and Earnings Quality. This approach allows investors to access an index constructed using fundamental factors, rather than market capitalisation alone.
“Today’s global equity investors, now more than ever, need indices that not only provide greater access to global markets, and related sub-sectors, but also provide a greater level of transparency,” says Stephan Flagel (pictured), global head of benchmarks and indices at Thomson Reuters. “We are delighted to partner with Affinity Investment Advisors on this index. This forms a part of our larger indices services, alongside access to the vast depth and breadth of Thomson Reuters data, to give our customers the tools they may need to make better informed investment decisions.”
“Affinity is excited to continue and expand our partnership with Thomson Reuters StarMine,” says Greg Lai, CEO and CIO at Affinity Investment Advisors. “The index space is dominated by “passive” cap-weighted indices whose strategy is to just deliver an exposure. Thomson Reuters StarMine has been a leader in providing strategic factor exposure data that represent what we look for in companies. We foresee increasing demand for strategic beta indices, especially as pure passive strategies become extended and momentum abates.”