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MARKET EFFICIENCY (EFFICIENT MARKET HYPOTHESIS (EMH= market is efficient…
MARKET EFFICIENCY
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WEAK FORM EFFICIENCY
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2 tests:
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tests of trading rules
- investigators attempted to examine alternative technical trading rules through simulations
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INDEX FUNDS
- security portfolios specifically designed to duplicate the performance of the overall security market as represented by some selected market index series
- instead of trying to outperform the market- a large amount of money should be managed "passively" so that the investment performance simply matches that achieved by the aggregate market and costs are minimised
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