Investment Products and Services Launches

BRI Launches Small Cap Index Powered by Wilshire; First Trust Launches Equity Index ETF; Vanguard Updates Benchmarks for Bond Funds; and more.

By Javier Simon | August 10, 2017
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BRI Launches Small Cap Index Powered by Wilshire

The BRI Quality Small Cap Index Powered by Wilshire provides an enhanced beta benchmark for U.S. small cap equities. It uses a systematic, rules-based approach to create a portfolio of U.S. small-cap equities. The enhanced factor beta is unique to the stocks of small-capitalized companies. The index also leverages various selection criteria metrics to avoid stocks that are unprofitable, stocks that are the most volatile, and stocks that have the highest short-interest.

“The new BRI Quality Small Cap Index delivers enhanced beta returns previously available only through active strategies for a fraction of the cost,” says BRI Founder Adam Brass. “Investors and asset managers are deeply engaged in debate about alpha, beta, smart beta and passive versus active strategies. At BRI we have a clear focus. We are raising the bar on outdated passive market beta investments to deliver enhanced performance to investors.”

He adds, “Hundreds of billions of dollars have shifted from active strategies to passive index investing for good reason: nearly 85% of active managers consistently underperform their benchmark. Now investors can get the benefits of active in a passive product.”

The index is owned and was created by BRI Partners.

“Aligned with Wilshire as our index consultant and calculation agent, our objective to create a family of indexes that deliver enhanced beta on both traditional long-only and absolute return strategies continues to build,” says Brass.

For more information about the newly launched BRI index, visit

NEXT: First Trust Launches Equity Index ETF