Indeksvalg

Indeksvalg refers to the process of selecting a benchmark index for evaluating investment performance or for building an index-based strategy. The concept is central for asset managers, pension funds, and investors seeking passive exposure.

Key considerations include how well the index represents the intended universe, the weighting method (capitalization, equal, fundamental), geographic and sector coverage, liquidity of the underlying constituents, tracking error, and costs such as licensing and trading.

The selection process typically starts with defining objectives, identifying candidate index families, assessing historical performance and risk, evaluating replication methods (full replication vs sampling), and considering governance and licensing requirements.

Applications include benchmarking portfolios, creating passive products, and implementing systematic investment strategies. Benefits include transparency, comparability, and potential cost savings; risks involve tracking error, regime shifts where index performance diverges from active goals, and concentration risk.

In practice, investors may choose broad market indices for general exposure or a mix of sector and regional indices to target specific themes. The topic spans multiple markets and remains subject to methodological debate and regulatory guidance.