This survey of the literature on the value of active management shows that the average active manager does not outperform but that a significant minority of active managers do add value. Further, studies suggest that investors may be able to identify superior active managers (SAMs) in advance by...

This survey of the academic literature on the value of active management shows that the average active manager does not outperform, but that a significant minority of active managers do add value. Further, academic studies suggest that investors may be able to identify superior active managers...

Price-Earnings (PE) ratio is a very powerful indicator in accessing share performance against its competitors or industry players. This study focuses on constructing portfolios on the basis of PE ratio and measuring its performance against the benchmark BSE sensex for the last 10 years...