Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Do Retail Investors Benefit From a High Dividend Yield?: The Dogs of the Dow strategy applied on the Swedish stock market.
Jönköping University, Jönköping International Business School, JIBS, Business Administration.
2016 (English)Independent thesis Advanced level (degree of Master (One Year)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

In this thesis, the ten stocks with the highest dividend yield from the OMXS30 have been used to construct a portfolio, a strategy called The Dogs of the Dow. The portfolio was equally weighted and rebalanced every year. The purpose of this thesis is to see how the strategy would perform in terms of return and risk compared to the market. To define the market two indexes were used, OMXSPI and OMXSGI, which excludes and includes dividends respectively. A low dividends portfolio was also used as a benchmark. Though beating the market some individual years and showing a tendency of performing better in an up-going market, the strategy's average annual return of 9.69 percent for the whole period only beat one of the benchmarks. The strategy's risk was fairly similar to the market risk hence, it does not compensate the lower return with lower risk. The Sharpe ratio showed that the Dogs of the Dow portfolio had the best risk adjusted return in only two out of the eleven years. This points towards the conclusion that the strategy would not have performed better, overall, compared to the benchmarks between the years of 2005 and 2015.  

Place, publisher, year, edition, pages
2016. , 50 p.
Keyword [en]
dogs of the dow dividend investing investment strategy
National Category
Social Sciences Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-30304ISRN: JU-IHH-FÖA-2-20160416OAI: oai:DiVA.org:hj-30304DiVA: diva2:933842
Subject / course
IHH, Business Administration
Supervisors
Available from: 2016-06-16 Created: 2016-06-07 Last updated: 2017-06-20Bibliographically approved

Open Access in DiVA

fulltext(1791 kB)41 downloads
File information
File name FULLTEXT01.pdfFile size 1791 kBChecksum SHA-512
25c4bc198fdae07ac3e66d551002d109f8b1415a17754cba2c4d253560b9d1dd4f81865a08db5fe4a0e92be4cf81eed90779ed6111df88dff0ae882c1241d6f7
Type fulltextMimetype application/pdf

By organisation
JIBS, Business Administration
Social SciencesBusiness Administration

Search outside of DiVA

GoogleGoogle Scholar
Total: 41 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 61 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf