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STEP announces launch of new TMPI Regional Indices

STEP announces launch of new TMPI Regional Indices

Friday 11 December 2015

STEP announces launch of new TMPI Regional Indices

Friday 11 December 2015


STEP is pleased to announce an expansion of its member service, the Trustee Managed Portfolio Indices (TMPI), with the launch of regional indices.

The new indices, produced by Enhance Group Limited, will provide STEP members with an understanding of the level of investment performance that they should expect for portfolios managed from a particular region. In the first instance, the new indices launched will be Asia USD and Caribbean USD.

Enhance CEO James Painter said: "STEP's membership is global in nature, so it is essential that we continue to evolve this important service to meet their members' needs. 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. We are pleased to be able to evolve the service offering with a solution to this requirement."

STEP Chief Executive David Harvey said: "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."

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