Investing in Fundamental Indexing: A Game of Inches [View article]
"As fundamental indexing gains in popularity, arbitrageurs, hedge funds and position traders can estimate the amount of rebalancing that will need to be done by the fundamental indexers – and front run them. This form of front running is not illegal, just smart trading, and it will serve to reduce the returns to fundamental indexing."
Investing in Fundamental Indexing: A Game of Inches [View article]
Excellent point.
The Next Bull Market Leaders: Large-Cap Tech? [View article]