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Price Effects of Addition or Deletion from the Standard & Poor's 500 Index : Evidence of Increasing Market Efficiency

โœ Scribed by Philip A. Cusick


Book ID
108560452
Publisher
John Wiley and Sons
Year
2002
Tongue
English
Weight
717 KB
Volume
11
Category
Article
ISSN
0963-8008

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๐Ÿ“œ SIMILAR VOLUMES


Pricing efficiency of the S&P 500 index
โœ Quentin C. Chu; Wen-Liang Gideon Hsieh ๐Ÿ“‚ Article ๐Ÿ“… 2002 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 160 KB

## Abstract Standard & Poor's Depositary Receipts (SPDRs) are exchange traded securities representing a portfolio of S&P 500 stocks. They allow investors to track the spot portfolio and better engage in index arbitrage. We tested the impact of the introduction of SPDRs on the efficiency of the S&P