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Inscrutable Index Funds
Oleh:
Johnson, Mark
;
Collins, Laura A.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Journal of Accountancy vol. 189 no. 1 (2000)
,
page 24-31.
Topik:
mutual funds
;
inscrutable
;
index funds
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
JJ85.10
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
With the stock market’s rise to heady heights in recent years, index funds - Wall Street’s product du jour - have grown to gigantic proportions. As of October 4, 1999, according to the Wall Street Journal, 37.62 % of the year’s new mutual fund investment went into index funds - $44.59 billion for 1999 through August 30. So far it has been easy for investors to ride the wave of index funds. However, since the stock market’s future is always uncertain, index funds are not immune to market fluctuations. Understanding how they operate and their cyclical nature may help CPA s better advise clients or employers about them. The specific investments in a portfolio are as important as how it is managed. Too often investors focus on results rather than on process, so drilling down into how an index fund is managed may yield some surprising revelations about active vs. passive investing.
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