The relevance of index funds for pension investment in equities
By: Ajay Shah and Kshama Fernandes.
Contributors: Fernandes, Kshama.; World Bank. Development Research Group. Finance.
Series: Policy research working paper ;; 2494; Policy Research Working Papers ;; 2494
Publisher: World Bank, Policy Research Dissemination Center
Published: 2000
Place of publication: Washington, D.C
Language: eng
Format: Electronic resource
Subjects: Pension trusts -- Investments.; Retirement income.
Description: The case for index funds is predicated on the observed inability of active managers to outperform market indexes over long periods. Agency conflicts between investors and fund managers are another important motivation, as index funds benefit from simple, unambiguous accountability.
Notes: Includes bibliographical references (p. 27-29).
Title from title screen as viewed on Oct. 02, 2002.
"November 2000"--Cover.
Also available electronically through the World Wide Web.
Also available in print.
Mode of access: World Wide web.