RT Journal Article
SR Electronic
T1 Intelligent Indexes
JF ETFs and Indexing
FD Institutional Investor Journals
SP 95
OP 100
VO 2003
IS 1
A1 John W. Southard
YR 2003
UL http://guides.pm-research.com/content/2003/1/95.abstract
AB 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.