Can the small investor beat the market by 'Dow investing'?

Wolmarans, H.P. (Hendrik Petrus)

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Can the small investor beat the market by 'Dow investing'?

Wolmarans, H.P. (Hendrik Petrus)

URI: http://hdl.handle.net/2263/5319

Date: 2001

Abstract:

This study investigates the results of portfolios set up in accordance with a number of strategies which all require only a small number of shares. A comparison is done of strategies based on dividend yield on the one hand and on earnings yield on the other. A small number of shares are also selected from among numbers of large companies (20, 30, 40 or 50). A comparison is made with the returns achieved on the Industrial Index (INDI) and those achieved on the All Shares Index (ALSI) over the same period, before as well as after an adjustment for risk has been made.

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