The Relevance of Index Funds for Pension Investment in Equities

The Relevance of Index Funds for Pension Investment in Equities

The rise of index funds over the past 25 years has been a remarkable phenomenon. The traditional rationale for the success of index funds is market efficiency, net of transaction costs. The authors also focus on the role of agency conflicts between...

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Bibliographic Details
Main Authors: Shah, Ajay, Fernandes, Kshama
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
ASSETS
AUCTIONS
BENCHMARK
BONDS
COLLATERAL
CONTESTABILITY
CUSTODY
DEALERS
DERIVATIVES
DIMINISHING RETURNS
DIVIDENDS
ECONOMICS
EMERGING MARKETS
EXPENDITURES
FINANCIAL SECTOR
GDP
INDEXATION
LIQUIDITY
MARKET FLUCTUATIONS
MARKET RETURNS
MERGERS
MUTUAL FUND
NEGATIVE EXTERNALITIES
PENSION FUNDS
PORTFOLIO
PRICE FLUCTUATIONS
PURCHASES
REINVESTMENT
SHAREHOLDERS
SPREAD
STOCKS
TRANSACTIONS COSTS
TURNOVER
WEALTH
Online Access:http://documents.worldbank.org/curated/en/2000/11/729385/relevance-index-funds-pension-investment-equities
http://hdl.handle.net/10986/19773

Internet

http://documents.worldbank.org/curated/en/2000/11/729385/relevance-index-funds-pension-investment-equities
http://hdl.handle.net/10986/19773

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