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Magical Tome

Placeholder cover for The relevance of index funds for pension investment in equities
First published
2000
Publisher
World Bank, Policy Research Dissemination Center

The relevance of index funds for pension investment in equities

The outer archives are busy

by Ajay Shah

About this book

The case for index funds is predicated on the observed inability of active managers to outperform market indexes over long periods. Agency conflicts between investors and fund managers are another important motivation, as index funds benefit from simple, unambiguous accountability.

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