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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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.
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Item type: Article ID code: 54690 Dates: DateEventFebruary 2013PublishedSubjects: Social Sciences > Commerce Department: Strathclyde Business School > Accounting and Finance Depositing user: Pure Administrator Date deposited: 11 Dec 2015 01:13 Last modified: 08 Apr 2024 22:35 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/54690
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