J.P. Morgan has introduced an index of credit exposure to Europe based on credit swaps. It is intended to solve a difficult problem for traditional bond investors: How to build a balanced investment in the European fixed-income market. It achieves much broader diversification than existing credit indexes that track outstanding bond issuance. The principle may be applicable to other credit markets.
With the arresting title “ Dow 36,000 ,” James K. Glassman and Kevin A. Hassett tell us, in the memorable words of Jimmy Durante, “You ain’t seen nothing yet.”
Internet stocks with returns exceeding 1000% in less than two years are reported. Numerous
investment firms that chose not to invest in Internet stocks have badly trailed their peers in performance.
The stocks in the index most widely used by the financial industry are determined by a combination of general guidelines and the human judgment of a nine-person committee.
Stock indexes differ widely in terms of their composition. What effect, if any, does this have on
the efficiency of stock index futures?
Plans, in general, have widely differing characteristics and objectives depending on plan maturity, workforce/retiree ratio, risk tolerance, legal restrictions, etc. There is no single currency policy that will be optimal for all. Each needs to develop a currency policy that suits its particular characteristics and objectives. Creating a currency policy requires that a number of decisions be made, and this article explores those decisions and their impact.
Barclays Global Investors commissioned a study of the index fund phenomenon.
Birinyi Associates studied the index fund phenomenon and found a lot to criticize in something so hugely successful.