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This paper reviews the United Kingdom stochastic asset model developed by Wilkie (1995b). Certain aspects of the methodology used to develop this model could be problematic. Moreover, Wilkie (1995b) did not provide a complete evaluation of his model; certain economic theories and the constancy of the model's parameter values did not appear to have been specifically considered. This paper attempts to provide a comprehensive review of Wilkie's model.
This note marks 10 years of publication of the FT/S&P World Indices. Equity indices are given for 28 countries, 11 continental groups, and the whole world, covering the Developed World and an increasing number of those in Emerging Markets.
Consolidation of FTSE Actuaries share indices, and of the revised 1994 Industrial Classification system. New Alternative Investment Market (AIM) Index. Closure of Unlisted Securities Market.