Innovation to come from custom indexes, Axa’s Cohen-Bengio says

A custom index is basically a 'build your own' index. Investment banks approach index providers with an investment strategy or underlying, on which the index provider then builds an investable index for the creation of structured products. The index provider assumes the risk associated with calculating and disseminating accurate intraday and end-of-day index values to the financial markets.

Custom indexes are becoming the talk of the structured products world, Bengio told delegates at the the

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