TITLE

Variance Among U.S. Equity Indexes

AUTHOR(S)
Israelsen, Craig L.
PUB. DATE
June 2005
SOURCE
Journal of Financial Planning;Jun2005, Vol. 18 Issue 6, p62
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
• Measuring equity market performance is problematic as prominent equity indexes often report returns that are substantially different from peer indexes. • Performance variance among peer equity indexes may present an opportunity for "benchmark index shopping" to occur. • Performance variance among equity indexes is more pronounced among mid- and small-cap equity indexes and among growth equity indexes. • Where there is sizable performance variance among peer equity indexes, it is advisable to calculate the average performance of the indexes as a group, rather than selecting the performance of one index for "bench-marking" purposes. This is particularly relevant in the mid- and small-cap sectors, as well as the large-cap growth category. INSET: Executive Summary.
ACCESSION #
17543961

 

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