‘Asset class alpha’, and sector ETFs
A large percentage of the outperformance of private equity can be replicated by using sector exchange traded funds, according to new research.
A large percentage of the outperformance of private equity can be replicated by using sector exchange traded funds, according to new research.
Analysing equity market returns over a very long period – 1900 to 2014 – reveals a dramatic transformation in the dominance of certain sectors. Elroy Dimson, chair of the Centre for Endowment Asset Management at Cambridge Judge Business School, and emeritus professor of finance at London Business School, outlined the lessons investors can take from
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