Abstract
As it becomes more commonplace for indexes to be used as investments, the resulting performance objective necessitates not only that it be obtained responsibly through proper portfolio construction techniques and a robust security valuation process, but that the performance is delivered in the most cost- and tax-efficient manner possible. The need for more intelligent indexes stems from three primary market needs: 1) the limitations of existing benchmark indexes when used as investments; 2) the need to deliver investment performance as proficiently as possible; and 3) the need for objective research in the portfolio management process.
- © 2003 Pageant Media Ltd
Don’t have access? Register today to begin unrestricted access to our database of research.