Abstract

 
 

Citations



 


 



Perspectives: Long-Term Returns on the Original S&P 500 Companies


Jeremy J. Siegel


University of Pennsylvania - Finance Department

JEREMY SCHWARTZ


affiliation not provided to SSRN


Financial Analysts Journal, Vol. 62, No. 1, pp. 18-31, January/February 2006

Abstract:     
The S&P 500 Index is continually updated, with approximately 20 companies added each year and an equal number dropped. In the study reported here, the returns to all 500 of the original S&P 500 companies and returns to the continually updated index were calculated from March 1957 through 2003. Contrary to earlier research, this study found that the buy-and-hold returns of the 500 original companies have been higher than the returns to the continually updated S&P 500 and with lower risk. Furthermore, the original companies in 9 of the 10 industry sectors outperformed the new companies added to the index.

Keywords: Portfolio Management, Equity Strategies, Equity Investments, Research Sources

Accepted Paper Series


Date posted: January 20, 2007  

Suggested Citation

Siegel, Jeremy J. and SCHWARTZ, JEREMY, Perspectives: Long-Term Returns on the Original S&P 500 Companies. Financial Analysts Journal, Vol. 62, No. 1, pp. 18-31, January/February 2006. Available at SSRN: http://ssrn.com/abstract=892356

Contact Information

Jeremy J. Siegel (Contact Author)
University of Pennsylvania - Finance Department ( email )
The Wharton School
3620 Locust Walk
Philadelphia, PA 19104
United States

JEREMY SCHWARTZ
affiliation not provided to SSRN
Feedback to SSRN (Beta)


Paper statistics
Abstract Views: 1,714

© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright
This page was processed by apollo5 in 0.344 seconds