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The Global Rise of the Value-Weighted Portfolio


  • Bhattacharya, Utpal
  • Galpin, Neal


We first develop a theory-based metric to judge the popularity of value weighting in a stock market. We then use our metric to document that although value weighting is less popular in emerging markets than in developed markets, its popularity is increasing almost everywhere. Finally, as we have better data for the United States, we explore why value weighting is becoming more popular in the United States.

Suggested Citation

  • Bhattacharya, Utpal & Galpin, Neal, 2011. "The Global Rise of the Value-Weighted Portfolio," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 46(3), pages 737-756, June.
  • Handle: RePEc:cup:jfinqa:v:46:y:2011:i:03:p:737-756_00

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    Cited by:

    1. Yilmaz, Mustafa K. & Sensoy, Ahmet & Ozturk, Kevser & Hacihasanoglu, Erk, 2015. "Cross-sectoral interactions in Islamic equity markets," Pacific-Basin Finance Journal, Elsevier, vol. 32(C), pages 1-20.
    2. Patrick E. McCabe & Chae Hee Shin & Emilio Osambela & Kenechukwu E. Anadu & Mathias S. Kruttli, 2018. "The Shift from Active to Passive Investing: Potential Risks to Financial Stability?," Supervisory Research and Analysis Working Papers RPA 18-4, Federal Reserve Bank of Boston, revised 27 Aug 2018.
    3. Patrick E. McCabe & Mathias S. Kruttli & Emilio Osambela & Chae Hee Shin & Kenechukwu E. Anadu, 2018. "The Shift from Active to Passive Investing : Potential Risks to Financial Stability?," Finance and Economics Discussion Series 2018-060, Board of Governors of the Federal Reserve System (US), revised 28 Aug 2018.
    4. repec:oup:rasset:v:5:y:2015:i:2:p:156-184. is not listed on IDEAS
    5. Claessens, Stijn & Yafeh, Yishay, 2008. "Additions to Market Indices and the Comovement of Stock Returns around the World," CEPR Discussion Papers 7052, C.E.P.R. Discussion Papers.
    6. repec:spr:eurasi:v:7:y:2017:i:3:d:10.1007_s40821-016-0056-2 is not listed on IDEAS

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