Practical analysis for investment professionals

Index Funds

The Benefits of Breaking Minimum Maturity Rules (Podcast)

Fixed-income index funds typically closely follow the construction rules of the indices they seek to replicate; in particular, bonds that violate an index’s minimum maturity rule will often be removed from funds that track that index. Recent research suggests that following minimum maturity rules causes funds to underperform.

Take 15: The “New Normal,” Cap-Weighted Indexing, and Passive Strategies in Europe and Asia

Lower expectations for economic growth and capital markets returns stem from increasing indebtedness and deficits, as well as from demographic trends in the "New Normal." Jason Hsu discusses the implications for passive index strategies and cap-weighted index investing and talks about how asset owners and investing institutions view these issues in Europe and Asia.

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