Advanced Search
MyIDEAS: Login to save this article or follow this journal

What lies beneath

Contents:

Author Info

  • Hamich, Lars

    ()
    (STOXX Ltd)

Registered author(s):

    Abstract

    For most investors, an index is a number. The number tells them something about the current state of a market for stocks, bonds, credit derivatives, or some other instrument, be it foreign or domestic. For those that have invested in an index fund, the change in that number from day to day closely represents the movements of their portfolio. Not too many people think much about what it takes to produce that number, and the few that do usually regard the process as a bit murky no matter how clearly stated the index methodology may be. Imaginative folks may envision a troop of grumpy gnomes scribbling with quill pens, feeding their handiwork to awaiting index fairies that deposit the results under the pillows of financial publishers everywhere. In truth, of course, the process involves complex computer systems and endless cycles of research and adjustment. Like an iceberg, the visible part of an index misleads even informed viewers about the immensity, and the importance, of work that lies beneath the surface.

    Download Info

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below under "Related research" whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Bibliographic Info

    Article provided by Capco Institute in its journal Journal of Financial Transformation.

    Volume (Year): 11 (2004)
    Issue (Month): ()
    Pages: 48-51

    as in new window
    Handle: RePEc:ris:jofitr:1360

    Contact details of provider:
    Postal: 120 Broadway, 29th Floor New York, NY 10271
    Phone: +1 212 284 8600
    Email:
    Web page: http://www.capco.com/

    Related research

    Keywords: Indices; index methodology;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ris:jofitr:1360. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Springett).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.