Merrill Lynch Investment Managers is to launch a series of trackers designed to outperform their ben...
Merrill Lynch Investment Managers is to launch a series of trackers designed to outperform their benchmark indices by up to 1.5% each year after charges. The enhanced index funds are being targeted at UK and European pension schemes. The funds combine the passive stock selection of index tracking with added techniques designed to take advantage of persistent market anomalies that arise in indices. These anomalies can include the fact that stocks which are slated for entry into an index tend to outperform in the run-up to entry, while those expected to exit underperform. Arbitrag...
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