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Indexing for Maximum Investment Results

Autor Albert S. Neuberg
en Limba Engleză Hardback – feb 2001
Twenty four years after investment managers decided to implement Standard & Poor's 500 indexing strategy, the verdict is in. The first indexers beat more than 99% of all actively managed stock funds. Over the last ten years, funds based on the S&P 500 out-performed more than 80% of all mutual funds. Today about $450 billion is indexed to the S&P 500, almost 10% of the total market value of all stocks traded in the US. The strategy has been applied to other asset classes, including bonds and real estate. In total, indexing now accounts for more than 25% of the investment methodology of all pension funds in the US. Topics include: choosing a benchmark; overview of the marketplace; using derivatives to index; performance track record versus active management; index methodology and other styles; and index price effects on constituent securities. Albert S. Neubert is director of the Domestic S&P Indexes Unit within the Equity Services Group.
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Specificații

ISBN-13: 9781884964503
ISBN-10: 1884964508
Pagini: 398
Ilustrații: Illustrations
Dimensiuni: 152 x 229 x 25 mm
Greutate: 0.73 kg
Ediția:1
Editura: Taylor & Francis
Colecția Routledge
Locul publicării:Oxford, United Kingdom

Cuprins

Preface, Contributors, Chapter 1 - Why the Case for Indexing Remains Strong, Chapter 2 - Benchmarks: Definitions and Methodologies, Chapter 3 - The First Index Mutual Fund, Chapter 4 - Optimal Indexing, Chapter 5 - Enhanced Indexing-Without Enhanced Risk?, Chapter 6 - Choosing a Benchmark, Chapter 7 - The S&P Effect Has Moved Beyond the S&P Composite, Chapter 8 - The S&PSOO is Not Your Father's Index, Chapter 9 - Performance Track Record versus Active Management, Chapter 1O - Overview of the Equity Index Fund Marketplace, Chapter 11 - Implementing Equity Index Portfolios, Chapter 12 - Adding Value Through Equity Style Management, Chapter 13 - Using Style Analysis to Build Completeness Funds, Chapter 14 - Index Shares, Chapter 15 - Fixed-Income Indexing, Chapter 16 - The Tax Advantages of Indexing, Chapter 17 - Optimizing Performance, Chapter 18 - The Licensing of Financial Indexes: Implications for the Development of New Index-Linked Investment Products, Index