Sentences with phrase «term closet indexers»
Academics gave the term closet indexers to funds which, though actively managed, closely emulate their benchmarks.
https://www.oakmark.com/ Not exact matches
If the active share of a fund is close to zero, then the fund is effectively a replica of the index, hence the term «closet indexer.»
Benchmarking enforces conformity on managers, and the shorter - term the horizon, the more it makes them closet indexers.