Casam and Edhec create ETF research post

The position will entail three years of academic research into ETFs and their implementation within a core-satellite approach to asset management. A Casam/Edhec advisory board will oversee the research.

The team of researchers at the Edhec Risk and Asset Management Research Centre will examine advanced forms of risk budgeting in a dynamic core-satellite approach and the use of these techniques by investors and asset managers.

EDHEC Risk and Asset Management Research Centre director Noël Amenc said: "In earlier editions of the EDHEC European ETF Survey we have shown how institutional investors can actively manage a portfolio of ETFs.

"This new gesture of support from CASAM will enable us to take this work into the field of dynamic portfolio management, to the benefit of investors."

The first project as part of the chair will be the pan-European Edhec ETF survey 2009 on the use of ETFs by European investors, which will be presented in May.