An Empirical Examination of Non-Market Capitalisation Weighted Indices in Australia

如果澳大利亚基金经理从资本加权指数转向基本面加权指数，由于它们的效率更高，数百万澳大利亚人退休时可能会有更多的钱，从而减轻政府补充退休收入的负担。此外，提供实用的以行业为导向的研究，以及投资组合管理方面的博士毕业生，将促进澳大利亚的金融学术界和行业，并提高澳大利亚金融实践和研究的质量和广度。

If Australian fund managers switched from capital weighted indices to fundamental weighted indices, due to their greater efficiency, millions of Australians may have more money at retirement and thus reduce the burden on government to supplement their retirement income. Also, providing practical industry directed research, and PhD graduates in portfolio management will enhance both finance academia and industry and improve the quality and breadth of finance practice and research in Australia.