Can a series of indexed country portfolios be actively managed at the allocation level and outperform the sum of the indexes?
Can a series of indexed country portfolios be actively managed at the allocation level and outperform the sum of the indexes?
While companies like FTSE International, Dow Jones, S&Pand MSCI seem to
dominate the indexing industry, they are hardly the only players on the field.
The Hong Kong government plans to create a closed-end fund tracking the blue chip Hang Seng as a way to begin selling off its stock portfolio recently valued at 220 billion Hong Kong dollars ($28.4 billion), as early as November.
Constructing an index to include the correlations you want and exclude those you don’t want can be more complicated than it seems.
| Equity Indexes Worldwide | In Local Currencies | |||||||
| 1999 Price Return (%) | 1998 Price Return (%) | |||||||
| Region/Country |
Index
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2nd Qtr
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1st Qtr
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Dow Jones launched a 50-stock benchmark index of the world's largest multinational companies on June 1. The first of its kind, the Dow Jones Global Titans Index is a response to the growing importance placed by professional investors on giant multinationals.
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.
American Equity Investment Life Insurance Co. announced April 29 that it has secured a license from Dow Jones Indexes and is introducing "The Dow Equity-Indexed Annuity," the first tax deferred fixed annuity that links its interest rate to the performance of the Dow Jones Industrial Average (DJIA).