The focus on tracking error rules out a low volatility strategy. Simply put, most money managers are focused on outperforming their benchmarks without adding risk. And because risk is [...]

If equity markets suddenly sprang into existence now, would we create market indices? I'm doubtful. Why an index? The Dow Jones Industrial Average was born in 1896.  This was [...]

The pro and con of fundamental indexing. Last Tuesday the London Quant Group sponsored a boxing match between forces for and against fundamental indexing.  Adam Olive was in the [...]