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Overview:
In 1998, GWA began managing live portfolios with the then revolutionary idea of reweighting client performance benchmarks. We used Book Value, Cash Earnings, Net Profit and Dividends – measures of company wealth – to do this. Honeywell in the US and AECI in South Africa (1998), and AIG in Japan and Rea Brothers in the UK (1999) were early adopters of this innovative idea called Wealth Weighted Investing (see prior art).
Our mission is to build long term strategy indices that add diversification to core portfolios. We create these alternatives to market cap indices in partnership with FTSE. Listed below are the mandates for which we have live portfolios, apart from the All Country world mandate.
FTSE GWA Index Series Products
AUMs of our FTSE GWA Index Series products total approximately $6.0 billion worldwide and the number of individual pension funds investing in our Wealth Weighted indices exceeds 150. Our strategy index portfolios are implemented in partnership with leading index tracking firms State Street, Legal & General, Mitsubishi, Sumitomo and Mizuho.
GWA research is aimed at developing investment principles that are long term and consistent with traditional economic theory. We strive continuously to improve our proxies for wealth that are used to implement these principles.
We publish bi-weekly our observations and ideas about the securities market in ‘the Wrap’, which we restrict to 150 words.
GWA provides clients with quarterly performance attribution reports based upon our proprietary application of MSCI Barra style analytics.
Staff in our offices in London, New York and Melbourne maintain contact with clients regularly, listen to their concerns and provide solutions.
Company History
In 1996, David Morris, GWA’s CEO, developed a new innovation which is an alternative to the market capitalisation index. He began managing live assets with the world’s first non-price strategy index in 1998 for the pension funds of AECI in South Africa and Honeywell in the US. Clients in the UK and Japan came in one year later. The strategy outperformed through the technology bust of 2000 and won a 5 star Morningstar award in 2001 in Japan.
The company was restructured in 2003 and one year later initiated a partnership with FTSE which then launched the world’s first series of non-price indexes in September 2005.
In 2008, our operating systems were moved to New York and fully integrated with Wall Street Access Limited and supported by their IT team. Wall Street Access holds a majority shareholding in GWA. DST Systems indirectly owns 10% of GWA through its investment in Wall Street Access. To find out more about WSA and DST Systems please visit their website here.
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