I can hear some manager saying, «But I can't vary that
much against the index!
Not exact matches
KEY FACT: Man Utd have won 25 of a possible 27 points in league home matches
against Stoke MATCH ODDS: Man Utd 2/9 Draw 6/1 Stoke 14/1 bet365 Pick: Under 2.5 goals @ 6/4 ANDY SAYS: Have to go with Man U, don't see Stoke getting anything here... 2 - 0 GRAEME SAYS: Home win, Stoke might put up a fight but they won't get anything... 3 - 1 SILKY SAYS: Easy home win, don't see anything else... 5 - 0 FOOTBALLIndex — One to follow: Marcus Rashford is very
much one to watch in the
Index
KEY FACT: Spurs are unbeaten in their last 10 Premier League matches
against Everton MATCH ODDS: Leicester 10/11 Draw 13/5 Palace 7/2 bet365 Pick: Spurs to win to nil @ 5/6 ANDY SAYS: Spurs to win this for me, should be fairly comfortable... 3 - 1 GRAEME SAYS: I can see Everton grabbing a shock win here... 1 - 2 SILKY SAYS: Tottenham will have far too
much for Everton in my view... 3 - 0 FOOTBALLIndex — One to follow: Christian Eriksen remains one of the best buys on the
Index
Both have similar return outperformance (+13 % p.a.) but TB ran 0.64 x
index volatility vs. Schloss at 1.14 x. Just looking at those two statistics I would suggest TB's outperformance is
much more remarkable, but the additional 12 years of outperformance by Schloss moves the odds
against him astronomically.
In less liquid markets you may not notice as
much of a difference as there may not be too many people in front of you; however, in more liquid markets such as the popular e-mini
indices or the interest rates, you will notice quite a difference when the market keeps bumping
against your price without filling your order.
What you can't argue
against is the desire of the industry to prod investors into vehicles that provide
much higher fees than those found on plain vanilla
index ETFs on which we continue to see downward pressure.
Even broad cap - weighted
indices can be considered a form of active management, not so
much against the capital markets they purport to represent, but
against the macroeconomy.
The debate, in a nutshell, goes something like this: Why pay higher fees for an actively managed fund that has a shot at posting
much bigger returns than the
index it's measured
against but which also runs the risk of posting smaller returns, when you can buy a low - cost
index fund, such as those that track the performance of the S&P 500
index, which pretty
much guarantees that your returns will be in line with the
index?
«FTSE Russell has designed its Russell Dividend Growth
Index Series to select stocks that have demonstrated consistent increases in dividend payments while screening
against too
much concentration in single securities or sectors.
The policy value will depend on how
much you pay and how well the market
index performs, and while there are some caps on how
much you can earn, you are protected
against major losses in a way you wouldn't be if you invested in those markets yourself.