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Jason C. Hsu Robert D. Arnott John M. West The Fundamental Index (Hardback)
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eBay item number:315161294487
Item specifics
- Condition
- Brand New: A new, unread, unused book in perfect condition with no missing or damaged pages. See all condition definitionsopens in a new window or tab
- Book Title
- Fundamental Index : a Better Way to Invest
- Publication Name
- The Fundamental Index
- Title
- The Fundamental Index
- Subtitle
- A Better Way to Invest
- Contributor
- Harry M. Markowitz (Foreword by)
- Format
- Hardcover
- EAN
- 9780470277843
- ISBN
- 9780470277843
- Publisher
- Wiley & Sons, Incorporated, John
- Genre
- Business & Economics
- Release Year
- 2008
- Release Date
- 23/05/2008
- Language
- English
- Country/Region of Manufacture
- US
- Item Height
- 1.1in
- Item Length
- 9.1in
- Item Width
- 6.2in
- Item Weight
- 19.2 Oz
- Publication Year
- 2008
- Topic
- Investments & Securities / Portfolio Management, Finance / General, Investments & Securities / Mutual Funds, Investments & Securities / Stocks
- Number of Pages
- 336 Pages
About this product
Product Information
2008 American Publishers Awards for Professional and Scholarly Excellence (The PROSE Awards) Finalist/Honorable mention, Business, Finance & Management. The Fundamental Index examines a new approach to indexing that can overcome the structural return drag created by traditional capitalization-based indexing strategies, and in so doing, enhance the performance of your portfolio. Throughout this book, Robert Arnott and his colleagues outline this breakthrough strategy and explain how it can be used to improve investment returns, typically at lower risk and lower cost than most conventional investments.
Product Identifiers
Publisher
Wiley & Sons, Incorporated, John
ISBN-10
047027784x
ISBN-13
9780470277843
eBay Product ID (ePID)
2309310108
Product Key Features
Book Title
Fundamental Index : a Better Way to Invest
Format
Hardcover
Language
English
Topic
Investments & Securities / Portfolio Management, Finance / General, Investments & Securities / Mutual Funds, Investments & Securities / Stocks
Publication Year
2008
Genre
Business & Economics
Number of Pages
336 Pages
Dimensions
Item Length
9.1in
Item Height
1.1in
Item Width
6.2in
Item Weight
19.2 Oz
Additional Product Features
Lc Classification Number
Hg4530.A74 2008
Reviews
2008 American Publishers Awards for Professional and Scholarly Excellence (The PROSE Awards) Finalist/Honorable mention, Business, Finance & Management. In The Fundamental Index , the leading industry thinker, Rob Arnott and his colleagues, present a new indexing method that captures more return for equity investors. In this important new book, the authors explain how passive, market-capitalization-weighted index investing falls short and fails to serve investors by investing too much in overpriced stocks and too little in underpriced shares. In short, Arnott et al.'s innovative and straightforward strategy provides investors with a new tool for achieving excess returns in a projected low-return environment while preserving the many positive attributes of index fund investing.- Financial Markets and Portfolio Management "Rob Arnott and his colleagues have, in The Fundamental Index, produced one of the most controversial books in years in the investment world...Investment professionals would be very well advised to read it."- Financial Times "...one of the most controversial books in years...Investment professionals would be very well advised to read it." (Financial Times, September 15, 2008)
Table of Content
Foreword. Preface. Chapter 1. Efficient Indexing for an Inefficient Market. Evidence of Market Efficiency. The Case for Indexing. Evidence of Market Inefficiency. Conclusion. Chapter 2. Origins of the Fundamental Index Concept. The Origins of Research Affiliates Fundamental Index (RAFI). A Series of Aha! Moments Research Affiliates Fundamental Index. Fundamental Index Performance. Concluding Thoughts: A Better Way to Invest. Chapter 3. Investors Greatest Errors. Negative Alpha. Practicing What We Preach. Conclusion. Chapter 4. The Virtues of Index Funds. The Appeal of Equity Investing. Equity Investing Choices. The One Guarantee in Investments--Costs Matter. Index Fund Advantages. Avoiding the Performance Game. Concluding Point. Chapter 5. The Index Fund''s Achilles Heel. Market Efficiency: Two Interpretations. Constructing a Well-Functioning Index. The Achilles Heel of Cap-Weighting. The Problems with Equal Weighting. Concluding Thoughts. Chapter 6. A Fundamental(ly) Better Index. Building the Fundamental Index. Adjustments for non-dividend-paying companies. Why Multiple Measures of Company Size? Advantages of a Composite Measure. An Index of the Broad Economy. Capacity and Liquidity. Reconstituting the Fundamental Index: Keeping Turnover Low. Concluding Comments. Chapter 7. Fundamental Index Performance in U.S. Stocks. RAFI US Large Company Performance. Digging Deeper across Market Cycles. Digging Deeper into Different Time Periods. An Equal Comparison: Fundamental Index vs. Equal Weighting. Out-of-Sample Results: Small Companies. Using the Fundamental Index with Style: Growth and Value Applications. Narrowing the Focus: NASDAQ. Narrowing the Focus: REITs. Narrowing the Focus: Sector Performance. Extending the Analysis Back in Time. Conclusion. Chapter 8. Beyond Borders: Fundamental Index Performance in Global Markets. Fundamental Index Performance in Global Markets. Multicountry Portfolios. Emerging Markets. Consistency Counts. Concluding Comments: Lessons Learned From the Global Markets. Chapter 9. Has Theory Led the Profession Astray? Will the Real Active Strategy Please Step Forward? The Origins of Cap Weighting. Apparent Validation of Cap Weighting by Theory. Forty Years Later: Empirical Results of the CAPM. Ockham''s Razor Applied. Concluding Comments: Theory and the Profession. Chapter10. The Basic Criticism: Our Style and Size Tilt. Merely a Value Tilt. Small-Cap Bias. Fama and French Factors. Some Big Surprises in Small Companies. Conclusion. Chapter 11. Other Common Critiques: Hits and Misses. Mining the Data? Costs. Is It an Index? Do We Know Which Stocks Are Overvalued? How Long Can It Last? Conclusion. Chapter 12. Why Trust the Fundamental Index Concept? Stock Logic. The Present vs. the Future: How Often Is Wall Street Right? Why Does Wall Street Get It Wrong? Dynamic Style and Size Exposures: When Do We Want Value and Small Cap? Show Me the Numbers. Fundamental Index Strategy vs. the Crystal Ball. Does the Fundamental Index Concept work in Bonds? Conclusion. Chapter 13. The Future for the Fundamental Index: Secular Market Considerations. What Can We (Rationally) Expect from Our Investments? Forecasting Bond Returns. Forecasting Stock Returns. The Fundamental Index Strategy in a Low-Return Environment. The Outlook for Pricing Errors. Could Pricing Errors Actually Increase? Conclusion. Chapter 14. Using the Fundamental Index. Asset Allocation and the Fundamental Index Strategy. Should We Change Our Benchmark? Diversifying the Passive Allocation. Different Markets, Different Investors, Different Needs. Conclusion. Appendix. Notes. References. Index.
Copyright Date
2008
Lccn
2007-052404
Dewey Decimal
332.6
Intended Audience
Trade
Dewey Edition
22
Illustrated
Yes
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eBay item number:315161294487
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