Likaviktad eller Värdeviktad : - Slår en likaviktad portfölj det värdeviktade indexet OMXS30GI?

Sammanfattning: This study contains the results of an equally-weighted portfolio, rebalanced semi-annually, and its performance compared to the value-weighted index OMXS30GI. Both the portfolio and the index contain the 30 most traded stocks at Nasdaq Stockholm during the period 2003–2016. The results show that the equally-weighted portfolio performs at a better risk-adjusted rate than the value-weighted index during the entire period and both two sub-periods. However, the higher risk-adjusted return is not statistically significant, which instead suggest that the higher rate of return is due to an exposure to the market risk factor and the HML-factor.