MSCI CEO says ETF choice of index easier to change

Oct 2 (Reuters) - Exchange-traded funds may be able to change their underlying benchmark indexes more easily than previously thought, Henry Fernandez, chief executive of leading index provider MSCI Inc , said on Tuesday.

ETF managers' choice of indexes "may not be as sticky as we all thought," Fernandez said on a conference call with analysts.

The comment came after top index fund manager vanguard group said it was dumping MSCI from 22 of its funds.

(Reporting by Aaron Pressman; Editing by Gerald E. McCormick)


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