
Twenty four years after investment managers decided to implement Standard & Poor's 500 indexing strategy, the verdict is in. The first indexers beat more than 99% of all actively managed stock funds. Over the last ten years, funds based on the S&P 500 out-performed more than...


Almost 10 per cent of the the total market value of all stocks traded in the USA (about 450 billion) is indexed to the S&P 500. This book covers all aspects of indexing, including choosing a benchmark, using derivatives to index, and indexing other asset classes.