Indexing for Maximum Investment Results / Edition 1

Indexing for Maximum Investment Results / Edition 1

by Albert S. Neubert
     
 

ISBN-10: 1888998113

ISBN-13: 9781888998115

Pub. Date: 06/28/1998

Publisher: Global Professional Publishing

· Choosing a benchmark
· Using derivatives to index
· Overview of the market place
· Key performance track records
· Key tool for many investors

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 percent of

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Overview

· Choosing a benchmark
· Using derivatives to index
· Overview of the market place
· Key performance track records
· Key tool for many investors

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 percent of all actively managed stock funds. Over the last ten years, funds based on the S&P 500 out-performed more than 80 percent of all mutual funds. Today about 450 billion dollars is indexed to the S&P 500, almost 10 percent of the total market value of all stocks traded in the U.S. The strategy has been applied to other asset classes, including bonds and real estate. In total, indexing now accounts for more than 25 percent of the investment methodology of all pension funds in the U.S.

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.

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Product Details

ISBN-13:
9781888998115
Publisher:
Global Professional Publishing
Publication date:
06/28/1998
Pages:
340
Product dimensions:
6.00(w) x 9.00(h) x 0.98(d)

Table of Contents

Preface
Contributors
Ch. 1Why the Case for Indexing Remains Strong1
Ch. 2Benchmarks: Definitions and Methodologies19
Ch. 3The First Index Mutual Fund37
Ch. 4Optimal Indexing79
Ch. 5Enhanced Indexing - Without Enhanced Risk?95
Ch. 6Choosing a Benchmark119
Ch. 7The "S&P Effect" Has Moved Beyond the S&P Composite129
Ch. 8The S&P500 is Not Your Father's Index145
Ch. 9Performance Track Record versus Active Management183
Ch. 10Overview of the Equity Index Fund Marketplace211
Ch. 11Implementing Equity Index Portfolios221
Ch. 12Adding Value Through Equity Style Management237
Ch. 13Using Style Analysis to Build Completeness Funds249
Ch. 14Index Shares261
Ch. 15Fixed-Income Indexing277
Ch. 16The Tax Advantages of Indexing293
Ch. 17Optimizing Performance307
Ch. 18The Licensing of Financial Indexes: Implications for the Development of New Index-Linked Investment Products337
Index359

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