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- You Can't Judge an Index Fund by Its Cover
- As an index fund is a passive investment, the fund manager selects a combination of assets for a portfolio that is intended to mimic an index such as the S&P 500. Since the assets underlying the fund are held and not actively traded, management fees are usually lower. An S&P...
- White papers 2003-06-11
- Investor Preferences and Portfolio Selection: Is Diversification an Appropriate Strategy?
- This paper analyzes the relationship between diversification and several distributional characteristics that have risk implications for stock returns. The paper develops a flexible three-parameter distribution to model the stock returns. Using data of the current 30 DJIA stocks, it shows that an investorĘs strategy of diversification depends on the measures...
- White papers 2004-07-06
- Prediction: The Future of the USA Stock Market
- This new paper attempts to construct a coherent analysis of the US stock market linking technical analysis of the type presented below to macroeconomic thinking. It combine a macroeconomic analysis of feedback processes occurring between the economy and the stock market with a technical analysis of more than two hundred...
- White papers 2003-08-22
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