World first claimed with top-down index series

Dow Jones Indexes and econometric research firm Parala Capital yesterday launched what they claim to be the first index series in the world using a top-down methodology. The Dow Jones Parala Global Sector Macro Allocation index is the first in a new family of indices that will take a forward-looking methodology and apply it to benchmarks. The index will rank 19 global sectors according to how they measure up against existing macro variables. It will then rebalance the index ever…