TY - JOUR T1 - Intelligent Indexes JF - ETFs and Indexing SP - 95 LP - 100 VL - 2003 IS - 1 AU - John W. Southard Y1 - 2003/09/21 UR - http://guides.pm-research.com/content/2003/1/95.abstract N2 - As it becomes more commonplace for indexes to be used as investments, the resulting performance objective necessitates not only that it be obtained responsibly through proper portfolio construction techniques and a robust security valuation process, but that the performance is delivered in the most cost- and tax-efficient manner possible. The need for more intelligent indexes stems from three primary market needs: 1) the limitations of existing benchmark indexes when used as investments; 2) the need to deliver investment performance as proficiently as possible; and 3) the need for objective research in the portfolio management process. ER -