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Financial Analysts Journal Volume 75, 2019 - Issue 3
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Articles

Are Passive Funds Really Superior Investments? An Investor Perspective

Edwin J. Elton Edwin J. Elton is professor emeritus and scholar in residence at the New York University Leonard N. Stern School of Business, New York.
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Martin J. Gruber Martin J. Gruber is professor emeritus and scholar in residence at the New York University Leonard N. Stern School of Business, New York.
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Andre de Souza Andre de Souza is assistant professor of finance and economics at the Peter J. Tobin College of Business at St. John’s University, Queens, New York.ORCID Iconhttps://orcid.org/0000-0002-6395-785X
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Pages 7-19 | Published online: 18 Jun 2019

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José-Manuel Peña, Fernando Suárez, Omar Larré, Domingo Ramírez & Arturo Cifuentes. (2024) A modified CTGAN-plus-features-based method for optimal asset allocation. Quantitative Finance 24:3-4, pages 465-479.
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Edwin J. Elton & Martin J. Gruber. (2020) A Review of the Performance Measurement of Long-Term Mutual Funds. Financial Analysts Journal 76:3, pages 22-37.
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Stephen J. Brown. (2020) The Efficient Market Hypothesis, the Financial Analysts Journal, and the Professional Status of Investment Management. Financial Analysts Journal 76:2, pages 5-14.
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Joana Almeida & Raquel M. Gaspar. (2023) Portfolio Performance of European Target Prices. Journal of Risk and Financial Management 16:8, pages 347.
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Hans Philipp Wanger & Andreas Oehler. (2022) Can downside-risk measures help to explain the reluctance of households to invest in XTFs? An empirical study using the SHS-base. Review of Behavioral Finance 15:3, pages 309-339.
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Hassan T. Anis, Giorgio Costa & Roy H. Kwon. (2023) Risk-allocation-based index tracking. Computers & Operations Research 154, pages 106219.
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Bernardo K. Pagnoncelli, Domingo Ramírez, Hamed Rahimian & Arturo Cifuentes. (2022) A Synthetic Data-Plus-Features Driven Approach for Portfolio Optimization. Computational Economics 62:1, pages 187-204.
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Nat Daley & Katherine Hunt. (2021) Technology will Save Financial Advice. Financial Planning Research Journal 7:1, pages 23-42.
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Sajid Iqbal & Ahmad Raza Bilal. (2021) Investment Performance: Emotional Beasts are Dragging into the Darkness of the Castle. Global Business Review, pages 097215092110443.
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Luis Otero-González, Pablo Durán-Santomil, Rubén Lado-Sestayo & Milagros Vivel-Búa. (2021) Active management, value investing and pension fund performance. European Journal of Management and Business Economics 30:3, pages 299-317.
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Joana Almeida & Raquel M. Gaspar. (2021) Accuracy of European Stock Target Prices. Journal of Risk and Financial Management 14:9, pages 443.
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Sébastien Michel Lemeunier. (2021) Information Asymmetry and the Mutual Fund Market. The Quarterly Review of Economics and Finance 81, pages 440-448.
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Söhnke M. Bartram, Harald Lohre, Peter F. Pope & Ananthalakshmi Ranganathan. (2021) Navigating the factor zoo around the world: an institutional investor perspective. Journal of Business Economics 91:5, pages 655-703.
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Andreas Oehler & Matthias Horn. (2021) Was sind Schwachstellen und Alternativen finanzieller Bildung?. Vierteljahrshefte zur Wirtschaftsforschung 90:1, pages 107-124.
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Cesario Mateus, Irina B. Mateus & Natasa Todorovic. (2021) Mutual fund performance: Shouldn’t clear winners outperform both, the benchmark and the peer-group?. SSRN Electronic Journal.
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Joana Almeida & Raquel M. Gaspar. (2020) Accuracy of European Stock Target Prices. SSRN Electronic Journal.
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Jaewon Choi, K. J. Martijn Cremers & Timothy Brandon Riley. (2020) Active Share and Bond Mutual Funds. SSRN Electronic Journal.
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