7. Efficient Markets and Mutual Fund Investing: The Advantages of Index Funds

  1. John A. Haslem Ph.D
  1. Burton G. Malkiel Ph.D.

Published Online: 29 NOV 2011

DOI: 10.1002/9781118266397.ch7

Mutual Funds: Portfolio Structures, Analysis, Management, and Stewardship

Mutual Funds: Portfolio Structures, Analysis, Management, and Stewardship

How to Cite

Haslem, J. A. (2009) Efficient Markets and Mutual Fund Investing: The Advantages of Index Funds, in Mutual Funds: Portfolio Structures, Analysis, Management, and Stewardship, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9781118266397.ch7

Author Information

  1. Chemical Bank Chairman's Professor of Economics at Princeton University

Publication History

  1. Published Online: 29 NOV 2011
  2. Published Print: 19 OCT 2009

ISBN Information

Print ISBN: 9780470499092

Online ISBN: 9781118266397

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Keywords:

  • efficient markets;
  • mutual funds;
  • united states;
  • developed world;
  • equity index funds

Summary

This chapter contains sections titled:

  • Justification for Using Index Funds

  • Evidence from U.S. Index Funds

  • Evidence in Favor of Passive Management in World Financial Markets

  • Active versus Passive Management in the Bond Market

  • Costs Are Important Determinants of Net Returns

  • Mutual Funds versus ETFs

  • Stock Market Returns versus Investor Returns

  • Style or Factor Tilts in Mutual Funds

  • Conclusions

  • About the Author