haku: @author McQueen, G. / yhteensä: 4
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| Tekijä: | McQueen, G. Shields, K. Thorley, S. |
| Otsikko: | Does the "Dow-10 investment strategy" beat the dow statistically and economically |
| Lehti: | Financial Analysts' Journal
1997 : JUL/AUG, VOL. 53:4, p. 66-72 |
| Asiasana: | FINANCIAL ANALYSIS INVESTMENT STRATEGY |
| Kieli: | eng |
| Tiivistelmä: | A comparison of returns from 1946 to 1995 on a portfolio of the 10 Dow Jones Industrial Average stocks with the highest dividend yields (the Dow-10) with those from a portfolio of all 30 stocks in the DJIA (the Dow-30) shows that the Dow-10 portfolio beats the Dow-30 statistically; that is, the Dow-10 has significantly higher average annual returns. After adjusting for the Dow-10 portfolio's higher risk, extra transaction costs, and unfavorable tax treatment, however, the Dow-10 does not beat the Dow-30 economically. |
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