Is That All There Is?

ON BALANCE

A market data manager at one of the world’s biggest asset management firms e-mailed us recently to complain about index providers: they charge high prices, don’t incorporate changes such as corporate actions quickly enough and don’t update their methodologies to match market practice.

The fees in particular are galling because the index providers often come to this executive’s firm for advice on methodology changes. "There isn’t a whole lot of investment advice if they’re having to ask their