In this book, the author draws from finance, psychology, economics, and other disciplines in
business and the social sciences, recognising that personal finance and investments are …

Recent academic studies claim that price impacts associated with index rebalancing can be
large and may represent a hidden cost to fund investors. The authors examine the return …

It is well known that incorporating transaction costs into the portfolio construction process is
important and often leads to different investment decisions and, ultimately, investment …

In this dissertation, I explore the interactions between financial markets and real economy
activities. In the first chapter, I use the evidence from an emerging market to study how the …

It is a reasonable contention for investors and interested observers whether judgement has
any value in the investment process, or whether simply constructing an indextracking …

Australians have over $1 trillion invested in fiduciary products such as pension funds (ABS,
2006a). Since the early 1980's, the policies of successive governments have compelled …

We ascertain the performance and viability of alternative indexation after including all
relevant costs. Onerous costs, associated with forgoing the automatic rebalancing of …

Earlier studies find inconsistent results about market reactions to changes in large cap and
small cap stock indexes. This study extends the literature by examining stock price and …