haku: @indexterm INVESTMENT / yhteensä: 2128
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| Tekijä: | Malkiel, B. G. |
| Otsikko: | Passive Investment Strategies and Efficient Markets |
| Lehti: | European Financial Management
2003 : MAR, VOL. 9:1, p. 1-10 |
| Asiasana: | INVESTMENT STRATEGY MARKETS FINANCIAL MANAGEMENT |
| Kieli: | eng |
| Tiivistelmä: | The author presents a defence of passive financial investment (or indexing) strategies in all types of investment markets: both nationally and internationally. The paper presents the case for and the evidence in favour of passive investment strategies and examines the major criticisms of the technique. The author of the article concludes that the evidence strongly supports passive investment, management in all markets-small- capitalization stocks as well as large-capitalization equities, US markets as well as international markets, and bonds as well as stocks. Recent attacks on the efficient market hypothesis do not weaken the case for indexing. The paper provides a substantial list of references on this subject. |
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