|PURPOSE and INTENT of the BOOK |
Active Index Investing - Maximizing Portfolio Performance and Minimizing Risk through Global Index Strategies
Edited by Steven Schoenfeld
The book is a practical and detailed guide to the art and science of index-based investing, and how sophisticated investors use index-based strategies to minimize portfolio risk and maximize long-term performance. It has been called the 'essential book of indexing' by Pensions & Investments, a key publication serving the institutional investment community.
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 aims fill that gap.
Active Index Investing aims to be the definitive guide on how indexes are constructed, managed as portfolios, and how the world's most sophisticated investors use index-based strategies to enhance performance, reduce costs and minimize the risks of global investing. In fact, it is 'Five Books in One' - with its 31 chapters providing a comprehensive exploration of (1) the theories undergirding indexing, (2) best practices in benchmark construction, (3) the ever-expanding world of index-based investment products and vehicles, (4) index portfolio management techniques for equity and fixed income funds and (5) the parameters for chooosing between index products and the ways in which investors capture the overall benefits of indexing.
Active Index Investing has a unique format that captures the views of over 50 of the investment industry's leading experts and practitioners, while maintaining a holistic view of this complex subject matter. Every major asset class is covered, as well as the perspectives of index fund managers, index providers, plan sponsors and other asset owners, financial advisors and indidvidual investors. The book is supplemented by this 'E-ppendix' - which adds the insights of more than a dozen additional contributors as well as a variety of updates (data, research and eventually, with your feedback, 'dissenting opinions.