Index Research

It makes sense that an index investor would spend time and effort researching the major market indexes in order to understand how they are constructed and thus, how they work. I plan to devote the next few days to the subject in order to bring us both up to date. These lessons may also provide us insight on how smart beta may or may not operate. On Friday, the Dow Jones Industrial Average closed at 16,064, which is an all-time high. However, in order to reach an all-time inflation adjusted hi...