Of the many analytical methods collectively referred to as Modern Portfolio Theory (MPT), the Capital Asset Pricing Model (CAPM) is the most familiar to today?s generation of students of finance. The popularity of the CAPM arises from its success in expressing a powerful theoretical insight in a...

This paper investigates the impact of the population in the 40-64 age band on share prices, using an annual time series data set for the period 1965-2002, and the impact of the superannuation fund on share prices using quarterly time series data for the period 1988 Q1 to 2002 Q4. In accordance...