caa a22 4500 386349924 CHVBK 20180307111826.0 cr unu---uuuuu 161130e198906 xx s 000 0 eng 10.1017/S0020268100036489 doi S0020268100036489 pii (NATIONALLICENCE)cambridge-10.1017/S0020268100036489 Clarkson R. S. The measurement of investment risk [Elektronische Daten] [R. S. Clarkson] 1.1 In the paper ‘Improving the Performance of Equity Portfolios' by Clarkson and Plymen the authors concluded that Modern Portfolio Theory methods made no contribution whatever to improving the performance of equity portfolios and suggested that attention should be paid instead to the application of fundamental analysis, which—if carried out by skilled and experienced analysts—should lead to higher expected returns. The only practical application of techniques related to Modern Portfolio Theory appeared to be in the area of Index Funds, where it is desired to track the performance of a chosen index as closely as possible. Copyright © Institute and Faculty of Actuaries 1989 Journal of the Institute of Actuaries Cambridge University Press 116/1(1989-06), 127-178 0020-2681 116:1<127 1989 116 JIA https://doi.org/10.1017/S0020268100036489 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1017/S0020268100036489 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Clarkson R. S. NATIONALLICENCE 773 0- Journal of the Institute of Actuaries Cambridge University Press 116/1(1989-06), 127-178 0020-2681 116:1<127 1989 116 JIA CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence SWISSBIB 386062765 BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-cambridge