What is the appropriate index construction methodology for African equity investment?

Broby, Daniel and Lochead, Morgan (2013) What is the appropriate index construction methodology for African equity investment? Journal of Financial Transformation, 36. pp. 107-112. ISSN 1755-361X

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Abstract

The authors build on research into the African equity universe to recommend a more appropriate index for investment. Three different methodologies were investigated, namely capitalization, equal, and fundamental weighting of index constituents. The authors conclude that diversification is not best served by a market capitalization approach to African index construction and that better risk/reward characteristics can be achieved by the alternative methodologies surveyed.

Creators(s):	Broby, Daniel ORCID: https://orcid.org/0000-0001-5482-0766 and Lochead, Morgan;
Item type:	Article
ID code:	54690
Keywords:	African equity, African equity index, index contruction, Commerce, Economics, Econometrics and Finance(all)
Subjects:	Social Sciences > Commerce
Department:	Strathclyde Business School > Accounting and Finance
Depositing user:	Pure Administrator
Date deposited:	11 Dec 2015 01:13
Last modified:	03 Jan 2021 02:11
Related URLs:	Journal or Publication
URI:	https://strathprints.strath.ac.uk/id/eprint/54690
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