Index roundup: Nomura launches momentum index

Momentum strategy delivers good skew, says Nomura; S&P Dow Jones Indices launches Givi sharia indexes; MSCI expands economic exposure series; FTSE indexes deliver sensitivity to economic cycle

Nomura's search for the next big index theme has led it to create the Momentum Index, which follows how momentum and trends work in emerging markets compared to G-10 countries. Part of the firm's analysis concludes that inflation is tame in G-10 countries, which means "momentum is not as compelling as it was in the 1970s and 1980s," says Tim Owens, managing director and global head of foreign exchange structuring in the fixed-income part of Nomura's global markets division in London.

Inflation