Active Index Investing: Maximizing Portfolio Performance and Minimizing Risk Through Global - Couverture rigide

Schoenfeld, S.A.

Couverture rigide

ISBN 10 : 0471257079 ISBN 13 : 9780471257073

Editeur : John Wiley & Sons Inc, 2004

Synopsis

For over three decades, indexing has become increasingly accepted by both institutional and individual investors. Index benchmarks and investment products that track them have been a driving force in the transformation of investment strategy from art to science. Yet investors' understanding of the sophistication of this burgeoning field has lagged the growing use of index products. "Active Index Investing" is the definitive guide to how indexes are constructed, how index-based portfolios are managed, and how the world's most sophisticated investors use index-based strategies to enhance performance, reduce costs and minimize the risks of investing."Active Index Investing" provides a comprehensive overview of: the investment theories that are the foundation of index based investing; best practices in benchmark construction; the growing world of index-based investment vehicles; cutting-edge index portfolio management techniques; and, the myriad ways investors can and do capture the benefits of indexing. "Active Index Investing" has a unique format that captures the views and perspectives of over 40 of the investment industry's leading experts and practitioners, while maintaining a holistic view of this complex subject matter. In addition to the Appendix and Glossary within the book, it features an E-ppendix.

A propos du livre

Quatrième de couverture

"Here is everything you ever wanted to know about index investing. Steven Schoenfeld has put together a superb set of chapters written by leading practitioners in the investment industry. Both index and active investors will find a wealth of useful information in these pages."
Burton G. Malkiel
Professor of Economics, Princeton University
author of A Random Walk Down Wall Street

"There is a great fiction in many parts of the investment industry: that indexing is a ‘passive’ strategy. This book clearly shows why that belief is wrong. Steven Schoenfeld and the broad group of contributors he has assembled lay out a compelling case for why both the management and use of index funds are very active processes.
"Steven is a thought leader in the investment management field, and now he has provided a book that makes his knowledge available to everyone. Anyone involved with money management will want to read this book. It will become a standard reference text for years to come as more investors understand the role of indexing as part of active portfolio management."
Lee Kranefuss
CEO, Exchange Traded Funds
Barclays Global Investors

"Active Index Investing covers it all and is a must–read for theoreticians, practitioners, and students alike. Schoenfeld’s book provides a breadth of insight about benchmarks and index investing, ranging from the evolution of indexing and the theory of index construction to investment strategies and applications."
William J. Brodsky
Chairman & CEO
Chicago Board Options Exchange

"The whole discipline of indexing and benchmarking is clearly moving into the next generation of its development and is at the cutting edge of investing practices. Steven Schoenfeld has added to the insights of a virtual who’s who among indexing practitioners his own significant depth and breadth of experience to provide the definitive modern compendium of where indexing currently is and where it is going. As indexing and benchmarking should be a part of every investor’s thinking, Active Index Investing should become their must–have desk reference."
Paul R. Aaronson
Executive Managing Director, Investment Services
Standard & Poor’s

Biographie de l'auteur

Steven A. Schoenfeld is the Chief Investment Strategist for the Quantitative Management area of Northern Trust Global Investments (NTGI), which encompasses more than $200 billion in index and enhanced index strategies committed to the world s equity and fixed income markets. He is also a Senior Research Fellow with Duke University s Global Capital Markets Center.  He was the founder of IndexUniverse.com,  and was a Managing Partner of Global Index Strategies LLC, a specialized consulting firm.  Steven previously served as Chief Investment Officer of Active Index Advisors and as a Managing Director of Barclays Global Investors, responsible for $65 billion in global index funds and ETFs,  He developed some of the first emerging market index products while at the International Finance Corporation/World Bank, and traded Japanese stock index futures as a member of the Singapore Exchange. Steven serves on key governance committees for most major benchmark indexes.  He was a Fulbright Scholar in economics in Singapore and coauthored The Pacific Rim Futures and Options Markets.

Détails de l'édition

• Éditeur: John Wiley & Sons Inc
• Date d'édition: 2004
• ISBN 10: 0471257079
• ISBN 13: 9780471257073
• Reliure: Relié
• Langue: anglais
• Nombre de pages: 720