The Relevance of Index Funds for Pension Investment in Equities
Ajay Shah · Kshama Fernandes
Jan 2000 · World Bank Publications
Ebook
31
Pages
About this ebook
The case for index funds is predicated on the observed inability of active managers to outperform market indexes over long periods. Agency conflicts between investors and fund managers are another important motivation, as index funds benefit from simple, unambiguous accountability.
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