The new indices produced by Enhance Group will provide STEP members with an understanding of the investment performance they should expect for portfolios managed from a particular region.
The first new indices launched as part of the initiative will be Asia USD and Caribbean USD.
"STEP's membership is global in nature, so it is essential that we continue to evolve this important service to meet their members' needs,” said Enhance CEO James Painter.
“From working with practitioners in these regions, we became aware that regional differences in the management of portfolios can be acute, so the indices we provide needed to reflect that reality, he added. “We are pleased to be able to evolve the service offering with a solution to this requirement.”
“TMPI has proved itself a popular member service, so we are delighted to see a further service enhancement that reflects the global nature of our membership,” added STEP chief executive David Harvey.