Keywords: Active management
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Journal Articles
Managerial Finance (2012) 38 (11): 1067–1084.
Published: 21 September 2012
... individual stocks arising from index fund investing may reduce the allocative efficiency of the stock market and distort investors' performance evaluations of actively managed funds. Originality/value The paper is the first to explore the long‐run relationship between S&P 500 index fund money flow...

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