Exchange-traded funds and the new dynamics of investing / Ananth N. Madhavan.

Format:

Book

Author/Creator:

Madhavan, Ananth N., author.

Series:

Financial Management Association survey and synthesis series

Language:

English

Subjects (All):

Exchange traded funds.

Stock index futures.

Physical Description:

xiv, 269 pages ; 25 cm.

Place of Publication:

New York, NY : Oxford University Press, [2016]

Summary:

"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."-- Provided by publisher.

"An examination of the transformation of asset management through the rise of passive or index investing"-- Provided by publisher.

Contents:

Machine generated contents note:

1. The Current Landscape

2. Structure and Mechanics

3. Price Dynamics and Arbitrage

4. Valuation

5. Performance and Benchmark Tracking

6. Liquidity and Transaction Costs

7. Uses of ETFs

8. Fixed Income

9. Commodities

10. Foreign Currency

11. Investing in Volatility

12. Alternatives and Multi-Asset Strategies

13. Active Strategies

14. Smart Beta and Factor Investing

15. Flows

16. Leveraged and Inverse Products

17. Systemic Risk

18. Public Policy Issues

19. Future Opportunities.

Notes:

Includes bibliographical references and indexes.

Other Format:

Online version: Madhavan, Ananth N., author. Exchange-traded funds and the new dynamics of investing.

ISBN:

9780190279394

0190279397

OCLC:

938989874