Abstract
| Original language | English |
|---|---|
| Pages (from-to) | 107-112 |
| Number of pages | 6 |
| Journal | Journal of Financial Transformation |
| Volume | 36 |
| Publication status | Published - Feb 2013 |
Fingerprint
Keywords
- African equity
- African equity index
- index contruction
Cite this
}
What is the appropriate index construction methodology for African equity investment? / Broby, Daniel; Lochead, Morgan.
In: Journal of Financial Transformation, Vol. 36, 02.2013, p. 107-112.Research output: Contribution to journal › Article
TY - JOUR
T1 - What is the appropriate index construction methodology for African equity investment?
AU - Broby, Daniel
AU - Lochead, Morgan
PY - 2013/2
Y1 - 2013/2
N2 - The authors build on research into the African equity universe to recommend a more appropriate index for investment. Three different methodologies were investigated, namely capitalization, equal, and fundamental weighting of index constituents. The authors conclude that diversification is not best served by a market capitalization approach to African index construction and that better risk/reward characteristics can be achieved by the alternative methodologies surveyed.
AB - The authors build on research into the African equity universe to recommend a more appropriate index for investment. Three different methodologies were investigated, namely capitalization, equal, and fundamental weighting of index constituents. The authors conclude that diversification is not best served by a market capitalization approach to African index construction and that better risk/reward characteristics can be achieved by the alternative methodologies surveyed.
KW - African equity
KW - African equity index
KW - index contruction
UR - http://www.capco.com/insights/capco-institute/what-is-the-appropriate-index-construction-methodology-for-african-equity-investment
M3 - Article
VL - 36
SP - 107
EP - 112
JO - Journal of Financial Transformation
JF - Journal of Financial Transformation
SN - 1755-361X
ER -