A practical alternative
In 2000, Nortel Networks represented an ‘index-distorting’ one-third of the TSE 300 Index, creating undue risk for many funds. Some funds managed this risk by underweighting Nortel, which created active risk relative to their policy portfolio. Others chose a policy response, adopting a capped index that limited how much could be invested in a single […]
- October 20, 2006 September 13, 2019
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