Fifty-three percent of respondents to a P&I Online survey last week said it doesn't matter whether passive money managers benchmark against brand name indexes.
Forty-seven percent said it did matter.
Despite the response, industry sources told Pensions & Investments in Monday's edition that the switch matters to institutional investors, which typically prefer the MSCI indexes to track international equities.
“The MSCI indexes are the gold standard for institutional investors,” Doug Sipkin, an analyst with Susquehanna Financial Group, told P&I's Randy Diamond.
For more, see "Vanguard ETF index switch could help BlackRock" from Oct. 15, 2012.