André F. Perold, the School's George Gund Professor of Finance and Banking, has received the 2007 Best Perspectives Award from the CFA Institute's Financial Analysts Journal for his article "Fundamentally Flawed Indexing," which appeared in the November-December 2007 issue. The award recognizes "the timeliest and most thought-provoking opinion article" of the year. According to the article, the argument of fundamental indexers that capitalization weighting is an inferior investment strategy because it necessarily invests more in overvalued stocks and less in undervalued stocks is false.

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