The Handbook of Equity Style Management, 3rd Edition

Beginning with the introduction of "value" and "growth" stocks in the late 1930s, expanding to add the concept of "small cap" stocks in the early 1980s, and progressing to the mathematical formalization of Nobel Laureate William Sharpe in the late 1980s, the methodology of equity style is now an integral part of U.S. and non-U.S. equity analysis and portfolio management. Continuing the tradition of the first and second editions, T. Daniel Coggin and Frank J. Fabozzi have brought together thirty-five leading experts from academia and the investment profession to give you the most comprehensive and up-to-date coverage of the key issues in this rapidly growing field. In one concise volume, you will learn the basics of equity style management and its latest developments. This updated edition presents the rationale behind equity style management, and reveals strategies that can be used to manage risk and improve returns. The Handbook of Equity Style Management, Third Edition includes new chapters on: - The major approaches to defining, managing, and assessing equity style - U.S. and non-U.S. equity style indexes - The behavioral aspects of equity style - Tactical equity style management - The impact of the "technology bubble" on equity style investing - International value investing - Equity style ETFs - The mathematical basis of equity style analysis Filled with in-depth analysis and insight from recognized experts in the field, The Handbook of Equity Style Management, Third Edition is "must reading" for analysts, portfolio managers, consultants, and individual investors who want to stay informed about this important topic. Ch. 1. Style Analysis: Asset Allocation And Performance Evaluation / Arik Ben Dor And Ravi Jagannathan -- Ch. 2. The Many Elements Of Equity Style: Quantitative Management Of Core, Growth, And Value Strategies / Robert D. Arnott And Christopher G. Luck -- Ch. 3. Models Of Equity Style Information / Robert C. Radcliffe -- Ch. 4. Style Analysis: A Ten-year Retrospective And Commentary / R. Stephen Hardy -- Ch. 5. More Depth And Breadth Than The Style Box: The Morningstar Lens / Paul D. Kaplan, James A. Knowles And Don Phillips -- Ch. 6. Using Portfolio Holdings To Improve The Search For Skill / Ronald J. Surz -- Ch. 7. Are Growth And Value Dead?: A New Framework For Equity Investment Styles / Lawrence S. Speideli And John Graves -- Ch. 8. The Style Of Investor Expectations / Hersh Shefrin And Meir Statman -- Ch. 9. The Effects Of Imprecision And Bias On The Abilities Of Growth And Value Management To Outperform Their Respective Benchmarks / Robert A. Haugen -- Ch. 10. Style Return Differentials: Illusions, Risk Premiums, Or Investment Opportunities / Richard Roll -- Ch. 11. The Persistence Of Equity Style Performance: Evidence From Mutual Fund Data / Ronald N. Kahn And Andrew Rudd -- Ch. 12. How The Technology Bubble Of 1999-2000 Disrupted Equity Style Investing / Karl Bayer Pinkernell And Richard Bernstein -- Ch. 13. Multistyle Equity Investment Models / Parvez Ahmed, John G. Gallo, Larry J. Lockwood And Sudhir Nanda -- Ch. 14. A Comparison Of Fixed Versus Flexible Market Capitalization Style Allocations: Don't Be Boxed In By Size / Marc R. Reinganum -- Ch. 15. A Plan Sponsor Perspective On Equity Style Management / Keith Cardoza -- Ch. 16. An Analysis Of U.s. And Non-u.s. Equity Style Index Methodologies / H. David Shea -- Ch. 17. Country-level Equity Style Timing / Clifford Asness, Robert Krail And John Liew -- Ch. 18. Value Investing And The January Effect: Some More International Evidence / Bala Arshanapalli, T. Daniel Coggin And William Nelson -- Ch. 19. Exploring The Mathematical Basis Of Returns-based Style Analysis / Thomas Becker -- Ch. 20. Trading (and Investing) In Style Using Futures And Exchange-traded Funds / Joanne M. Hill. T. Daniel Coggin, Frank J. Fabozzi, Editors. Previous Ed.: Summit, N.j.: Fabozzi, 1997. Includes Bibliographical References And Index. Beginning with the introduction of "value" and "growth" stocks in the late 1930s, expanding to add the concept of "small cap" stocks in the early 1980s, and progressing to the mathematical formalization of Nobel Laureate William Sharpe in the late 1980s, the methodology of equity style is now an integral part of U.S. and non-U.S. equity analysis and portfolio management. T. Daniel Coggin and Frank J. Fabozzi have brought together thirty-five leading experts from academia and the investment profession to give you the most comprehensive and up-to-date coverage of the key issues in this rapidly growing field. In one concise volume, you will learn the basics of equity style management and its latest developments. This updated edition presents the rationale behind equity style management, and reveals strategies that can be used to manage risk and improve returns. The 3rd edition includes new chapters on: The major approaches to defining, managing, and assessing equity style U.S. and non-U.S. equity style indexes The behavioral aspects of equity style Tactical equity style management The impact of the "technology bubble" on equity style investing International value investing Equity style ETFs The mathematical basis of equity style analysis A fully updated guide to equity style management Pioneered by Nobel laureate William Sharpe, equity style management is derived from a correlation analysis of various equity style categories, such as value, growth, small cap, large cap and foreign stocks. In the Third Edition of The Handbook of Equity Style Management , twenty contributors from industry and academia help readers understand various equity style management issues, including equity style indices, different approaches to equity style measurement, foreign stock investing, tactical style management, behavioral aspects of equity style, and equity style benchmarks for manager selection and performance attribution. This updated edition gives readers the rationale behind equity style management, and shows how new strategies can be used to manage risk and improve returns.