Erik Stern explains how the Wealth Added Index can give investors a clearer view of company performance
With analysts and fund managers increasingly disillusioned with available valuation techniques, particularly since the start of the prolonged downturn in the world's stock markets, the concept of 'Wealth Added' may quickly gain ground. Stern Stewart, the consultancy that developed the concept of Economic Value Added (EVA), says that its new Wealth Added Index (WAI), introduced in 2002, allows investors to gauge a company's performance in light of its cost of capital, and provides shareholders
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