Indexing Investment: Theory and Practice

Author: Kang Yue / Tian Xinmin (editors)
Publisher:
Publish Date: 2005-02-01
Features: A securities index is composed of a basket of securities, and its return rate represents the average return rate of all sample securities. Financial innovation based on indices is the foundation for establishing a multi-tiered capital market system and the future direction of China's capital market. This book takes China's securities market as an example, providing a detailed introduction to the financial theory of index investing, the functions of indices, index construction techniques, program trading, arbitrage between stock index futures and spot indices, index investing allocation techniques, index fund evaluation methods, the premium risk of exchange-traded funds (ETFs), asset classes, and asset allocation techniques. It serves as a reference for researchers, various financial professionals, and investors.