Indexfondens konkurrenskraft gentemot den effektiva portföljen
The intention of this paper is to investigate the performance of two mean-variance portfolios – one without short-sales restrictions and the other with the short-sales restriction – compared to the performance of an index, AFGX, and an index-fund, SHB Aktiefond Index. As an approximation the two mean-variance portfolios are created with the largest and most traded 16 company’s on the Stockholm Sto
