Exchange-traded funds and the new dynamics of investing

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Exchange-traded funds and the new...

Exchange-traded funds and the new dynamics of investing

Name: Exchange-traded funds and the new dynamics of investing
ISBN: 9780190279394

Madhavan, Ananth N

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"In Exchange-Traded Funds and the New Dynamics of Investing, Ananth Madhavan examines the quiet transformation of asset management through the rise of passive or index investing. A closely-related phenomenon is the rise of exchange-traded funds (ETFs). An ETF is an investment vehicle that trades intraday and seeks to replicate the performance of a specific index. ETFs have grown substantially in size, diversity, and market significance in recent years. These trends have generated considerable interest, especially from retail and institutional investors and increasingly from academics, regulators and the press. ETFs have the power to be a disruptive innovation to today's asset management industry because many traditional active managers and hedge funds deliver a significant fraction of their active returns via static exposures to factors like value. Indeed, for the first time ever, assets in global ETFs exceeded $3 trillion in 2015, passing the amount in hedge funds."--

"An examination of the transformation of asset management through the rise of passive or index investing"--
Abstract: Exchange-traded funds (ETFs) have grown substantially in size, diversity, and market significance in recent years, generating considerable interest from investors, academics, regulators and the press. Ananth Madhavan examines in-depth the drivers for the rise of ETFs against the background of interest in passive index investing.

种类:

Business & Economics

年:

2016

出版:

出版社:

Oxford University Press

语言:

english

页:

288

ISBN 10: