Benjelloun, Hicham; Abdullah, Abdulkader M.A. - In: International Journal of Islamic and Middle Eastern … 2 (2009) 3, pp. 201-212
modified Statman diversification model is used to evaluate the performance of index funds in Saudi Arabia and thus assess the … randomly chosen stocks is sufficient to achieve diversification. Originality/value – This paper provides useful recommendations … on how to achieve diversification. Additionally, it highlights the fact that index funds are too expensive to be useful …