Exchange-Traded Funds and the New Dynamics of Investing by Ananth N. MadhavanExchange-Traded Funds and the New Dynamics of Investing by Ananth N. Madhavan

Exchange-Traded Funds and the New Dynamics of Investing

byAnanth N. Madhavan

Hardcover | August 10, 2016

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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 thattrades 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 fromacademics, 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 thefirst time ever, assets in global ETFs exceeded $3 trillion in 2015, passing the amount in hedge funds.
Ananth Madhavan is Managing Director and Global Head of Research for iShares, the world's largest provider of exchange-traded funds. Previous positions include the Global Head of Trading Research and Transitions at Barclays Global Investors, and Head of Research at ITG Inc., an electronic brokerage firm. Dr. Madhavan has also had an ex...
Title:Exchange-Traded Funds and the New Dynamics of InvestingFormat:HardcoverDimensions:288 pages, 9.25 × 6.12 × 0.98 inPublished:August 10, 2016Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0190279397

ISBN - 13:9780190279394