"SMALLCAP Indices Without Tears", Barra Newsletter, March/April 1991, p6
Topic: Investing (Investment Management) |
Asset Class: Equities
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Indices play an important role in portfolio management. Beyond measuring economic growth, they can also serve as manager performance benchmarks and can be used to define manager style. But turnover can reduce some indices' suitability as benchmarks. This is particularly true for small-capitalization stock indices, which are prone to high turnover. Why do small capitalization stock indices experience high turnover, and is there an approach which will reduce this turnover while preserving the indices investment character?
Publication:
Authors: BECKERS Stan, CUMMINS Paul, WOODS Chris
