Price-Weighted Index most common is the Dow Jones Industrial Average
(DJIA) along with the transportation, utilities and composite indexes. The
DJIA is an index of 30 blue-chip stocks, the transportation index is an index
of 20 transporta
What Are Global Investment Performance Standards?
Voluntary standards governing the calculation and presentation of
investment performance based on the ethical principles of fair
representation and full disclosure.
The goal of the GIPS Executive Committee
Arnott, Robert D;Hsu, Jason;Moore, Philip
Financial Analysts Journal; Mar/Apr 2005; 61, 2; ABI/INFORM Complete
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
Overview of Koreas Industries
South Korea is located in Northeast Asia between China and Japan.
This location gives South Korea certain geo-economic advantages. South Korea is well equipped with logistics
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A. Understand Behavioral Finance
What is behavioral finance?
Behavioral finance is an upcoming field of
financial theory that attempts to further understand
securities prices through understanding investor
Why did it come about?
The field of
Risk and Return Notes
Measures of Risk
We will discuss 2 measures of volatility, beta and standard deviation.
Beta measures the systematic or market risk that a security adds to a well-diversified portfolio.
It is a relative measure where the market is as
Asset Allocation Problems
1. Bill Jones is the CIO of an endowment that is invested 45% in U.S. equities, 15% in nonU.S. equities and 40% in TIPS. The endowment annually looks at its strategic asset
allocation. Its IPS authorizes tactical shifts of plus o
by William G. Droms, DBA, CFA
new approach to constructing index funds is
gaining increasing prominence in the neverending debate over active versus passive equity
management. As total assets invested in fundamental
index mutual funds approach $8 billion,
of Fundamental Indexing
FREDERICK E. DOPFEL
FREDERICK E. DOPFEL
is a managing director
and head of the Client
Advisory Group at
Barclays Global Investors
in San Francisco, CA.
he arithmetic of active inves
Index construction example
# of shares
(Divisor at day 1 = 3)
Index Value % change Index Value % change Index value % change
Modern Portfolio Theory
Curve generated by identifying the portfolio combinations that provide the
highest expected returns for each level of risk.
portfolio on the efficient frontier that has the hig