The rise of personalised stock indices
Direct-indexed accounts combine the benefits of customisation with those of passive investing
IN 2001 ANDREW LO, a professor at the Massachusetts Institute of Technology, predicted that technological advances would one day allow investors to create their own personal indices designed to meet their financial aims, risk preferences and tax considerations. Such an idea “may well be science fiction today”, Mr Lo wrote, but “it is only a matter of time.” More than 20 years later, that time may have come.
This article appeared in the Finance & economics section of the print edition under the headline “Direct to market”
Finance & economics January 8th 2022
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- The rise of personalised stock indices
- Why gold has lost some of its investment allure
- The IMF bashes the IMF over Argentina
From the January 8th 2022 edition
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