000124712 001__ 124712 000124712 005__ 20230322092615.0 000124712 037__ $$aTAZ-TFM-2017-1084 000124712 041__ $$aeng 000124712 1001_ $$aLobán Acero, Lidia 000124712 24200 $$aIdentification of Spurious Active Share in the Eurozone Benchmarks 000124712 24500 $$aIdentificación del active share espurio en los Benchmarks de la Eurozona 000124712 260__ $$aZaragoza$$bUniversidad de Zaragoza$$c2017 000124712 500__ $$aAporta en secretaria material físico. 000124712 506__ $$aby-nc-sa$$bCreative Commons$$c3.0$$uhttp://creativecommons.org/licenses/by-nc-sa/3.0/ 000124712 520__ $$aThis study tests spurious active share in Eurozone benchmarks between January 2002 and December 2016. Using for that an own algorithm to be able to capture the spurious active share generated by the excess of concentration of the indexes and adjusted by European regulation (85/611/CEE) on limits of diversification of risk. From monthly information of the constituent weights of the indexes and separating by quintiles we have obtained a direct relation between a high concentration and the appearance of a high spurious active share. Keywords: Spurious active share, concentrated benchmarks, diversification limits.<br /> 000124712 521__ $$aMáster Universitario en Contabilidad y Finanzas 000124712 540__ $$aDerechos regulados por licencia Creative Commons 000124712 700__ $$aSarto Marzal, José Luis$$edir. 000124712 700__ $$aVicente Gimeno, Luis Alfonso$$edir. 000124712 7102_ $$aUniversidad de Zaragoza$$bContabilidad y Finanzas$$cEconomía Financiera y Contabilidad 000124712 8560_ $$f522811@celes.unizar.es 000124712 8564_ $$s742883$$uhttps://zaguan.unizar.es/record/124712/files/TAZ-TFM-2017-1084.pdf$$yMemoria (eng) 000124712 909CO $$ooai:zaguan.unizar.es:124712$$pdriver$$ptrabajos-fin-master 000124712 950__ $$a 000124712 951__ $$adeposita:2023-03-21 000124712 980__ $$aTAZ$$bTFM$$cECON