Product Description
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 (1) the investment theories that are the foundation of index based investing, (2) best practices in benchmark construction, (3) the growing world of index–based investment vehicles, (4) cutting–edge index portfolio management techniq ues and (5) 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, available at www.IndexUniverse.com
From the Inside Flap
For over three decades, both institutional and individual investors have increasingly accepted indexing. 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 behind the growing use of index products. Active Index Investing aims to close that gap.
Active Index Investing is the definitive guide to how indexes are constructed, managed as portfolios, and used by investors. Filled with in–depth insight and practical advice, this book illustrates and analyzes every major asset class and covers the perspectives of index fund managers, index providers, institutional brokers, pension plan sponsors and other asset owners, financial advisors, and individual investors. It skillfully explains how the worlds most sophisticated investors use index–based strategies to enhance performance, reduce costs, and minimize the risks of global investing.
This comprehensive guide captures the views of over fifty leading practitioners from all spheres of the indexing worldwhile maintaining a holistic and balanced perspective of this complex subject. Besides pulling together the best minds in the investment business, editor and indexing expert Steven Schoenfeld also shares his considerable insights on this broad and important topic.
Active Index Investing is actually five books in one, with thirty–one chapters providing a comprehensive exploration of:
- The theories and practical experience that are the foundations for indexing
- The uses of indexes and best practices in benchmark construction
- The ever–expanding range of index–based investment products and vehicles
- Index portfolio management techniques for equity and fixed–income funds
- Choosing between various index products and the ways in which sophisticated investors harness the overall benefits of indexing
Fittingly, for a subject so broad, the books scope doesnt end with these topics, but continues in the books "E–ppendix"www.ActiveIndexInvesting.com, partnered with the IndexUniverse.com Web sitewhich expands and updates the information and data provided in the book, facilitating even more perspectives to chronicle the ongoing development of this fascinating and dynamic field.
Active Index Investing is a practical and detailed guide to the art and science of index–based investing. It will show you how index–based strategies can be actively used to both minimize portfolio risk and maximize long–term performance.