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Research Papers

The IBA is pleased to make available to its members and others interested in the indexing business, research work by academics and recognized experts in the field. These papers cover a wide range of topics from benchmark indexes, performance and risk measurement, index funds, futures, options, structured products and many other indexing related issues. The IBA welcomes additional submissions to it Research Library and for more information you can contact Albert S. Neubert, Executive Director, at (845) 246-6168 or via email at asneubert@aol.com. Please find below the current list of research papers that can be downloaded for your use:

Asset allocation: Management style and performance measurement link (pdf)
The Journal of Portfolio Management, Winter 1992, William F. Sharpe

The Arithmetic of Active Management link (pdf)
The Financial Analysts Journal, January-February, 1991, William F. Sharpe

The Case For An Unmanaged Investment Company
The Financial Analysts Journal, January-February, 1960, Edward F. Renshaw and Paul J. Feldstein link (pdf)

The Cost of Active Investing link (pdf)
April 2008, Kenneth R. French, Amos Tuck School of Business, Dartmouth College

Taking Issue with the Active vs. Passive Debate link (pdf)
June 2005, Craig L. Israelson, Brigham Young University

Index Changes and Losses to Investors in S&P 500 and
Russell 2000 Index Funds link (pdf)
Honghui Chen, University of Central Florida, Gregory Noronha, University of Washington Tacoma, Vijay Singal, Virginia Tech

An evolutionary heuristic for the index tracking problem link (pdf)
European Journal for Operational Research, 148, 2003, J.E. Beasley, N. Meade, T. -J. Chang

Enough, Commencement Address link (pdf)
MBA Graduates of the McDonough School of Business, Georgetown University, May 18, 2007, John C. Bogle

Index Design and Implications for Index Tracking:
Evidence from S&P 500 Index Funds link (pdf)
The Journal of Portfolio Management, Winter 2004, Alex Frino, David Gallagher, Albert S. Neubert, Teddy N. Oetomo

Benchmarking Benchmarks: Measuring Characteristic Selectivity link (pdf)
Kingsley Fong, University of New South Wales, David R. Gallagher, University of New South Wales, Adrian D. Lee, University of New South Wales

Taxation Without Replication link (pdf)
August, 2006, Don M. Chance, Louisiana State University

Market Effects of Changes in the Standard & Poor’s 500 Index, Volume 22, No.1, February 1987, Financial Review, Christopher G. Lamoureux, James W. Wansley