Active Index Investing
For over three decades, both institutional and individual investors have increasingly accepted indexing, index benchmarks and the investment products that track them. Through this process, indexing has become a driving force in the transformation of investment strategy from a subjective art to a more appropriate blend
of art and science.
Yet many 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, and provides a comprehensive review of the theories, products and strategies that have enabled investors to benefit from the 'indexing revolution' that contiues to gain momentum around the world. And this website aims to supplement the book's 31 chapters with updated data, additional content and sidebars, and an opportunity for your feedback. I hope you find both the book, which was recently published in Japanese, and it's E-ppendix informative and useful.
FIVE BOOKS IN ONE
PRAISE FOR THE BOOK
"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.”
CEO, Exchange Traded Funds
Barclays Global Investors
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Founder of LSG Group
Dr. Yi Zheng is a founder of LSG Group, a San Francisco-based consulting company serving international investors seeking investment opportunities in China.
Previously, Yi was an associate at Newbridge Capital Group (the Asia investment arm of the Texas Pacific Group and Blum Capital Partners),
and a consultant at Morgan Stanley. His work related to the acquisition of China's Shenzhen Development Bank by the Newbridge Capital Group was named by Finance Asia as the Best Private Equity Investment of 2002.
Yi earns a MS from Tsinghua University in Beijing, China, a Masters in Financial Engineering from Haas School of Business at UC Berkeley, and a Ph.D. from UC Davis.
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