Schoenfeld, Steven A. Active Index Investing Maximizing Portfolio Performance and Minimizing Risk Through Global Index Strategies Wiley Finance Editions
1. Edition - September 2004 67.90 Euro 2004. 720 Pages, Hardcover ISBN-10: 0-471-25707-9 ISBN-13: 978-0-471-25707-3 - John Wiley & Sons
Short description Index benchmarks have been a driving force behind the transformation of the portfolio construction process from art to science, and leading this science has been Barclays Global Investors (BGI)-the world's largest index fund manager. Active Index Investingexplores how indexing is being used as the lynch-pin to a number of active investment management strategies by investors, and shows how proactive index fund management and asset allocation can be used to adapt to changing market conditions. This book also discusses how BGI can be best used to blend traditional index investment with active portfolio investment strategies.
From the contents FOREWORD: THE ROLE OF INDEXING AND BENCHMARKS IN DEVELOPING SOUND INVESTMENT APPROACHES.
PREFACE.
ACKNOWLEDGMENTS.
CONTRIBUTORS.
ABOUT THE EDITOR.
CHAPTER 1: Indexing IsActive: The Meaning of Active Indexingand the Interconnected Themes of the Book.
PART ONE: The Indexing Revolution: Theory and Practice .
CHAPTER 2: The Foundations of Indexing: Theoretical and Practical Underpinnings of a Heretical Concept .
CHAPTER 3: The Ever-Evolving Uses of Indexing: Why the Active versus Index Debate Is Over .
CHAPTER 4: Market Uncertainty and the Role of Indexing .
PART TWO: Benchmarks: The Foundation for Indexing .
CHAPTER 5: The Vital Importance and Fundamental Uses of Benchmarks .
CHAPTER 6: Perfection Impossible: Best Practices for Index Construction .
CHAPTER 7: The Ideal Index Construction .
CHAPTER 8: U.S. Equity Benchmarks--Broad-Cap, Size, and Style Indexes: Slicing and Dicing the U.S. Equity Market .
CHAPTER 9: International/Global Equity Benchmarks for North American Investors .
CHAPTER 10: Fixed-Income Benchmarks .
CHAPTER 11: Hedge Fund Benchmarks and Asset Allocation .
CHAPTER 12: Using Indexes as Analytical Tools: Viewing Changes in the World's Stock Markets through the Benchmarks .
CHAPTER 13: Socially Responsible Investment and Index Benchmarks .
PART THREE: The Ever-Expanding Variety and Flexibility of Index Products .
CHAPTER 14: The Wide World of Index Products: Building Blocks for an Efficient Portfolio .
CHAPTER 15: Enhanced Indexing: Adding Index Alpha in a Disciplined, Risk-Controlled Manner .
CHAPTER 16: Exchange-Traded Funds: A Flexible and Efficient Investment Tool .
CHAPTER 17: Indexing Real Estate .
CHAPTER 18: Active Indexing: Sophisticated Strategies with Index Vehicles .
PART FOUR: Managing Index Funds: It's Anything but Passive! .
CHAPTER 19: Fundamental Index Portfolio Management Techniques .
CHAPTER 20: The Unique Challenges of U.S. Equity Index Management .
CHAPTER 21: Delivering Performance in International Equity Indexing .
CHAPTER 22: Managing Fixed-Income Index Funds .
CHAPTER 23: Managing Exchange-Traded Funds .
CHAPTER 24: Index-Based Separately Managed Accounts: Delivering on the Performance Promise .
PART FIVE: Pulling It All Together: How to Use Index Products to Build an Efficient, Risk-Controlled Investment Strategy .
CHAPTER 25: Choosing among Index Vehicles: How Does an Institutional Investor Select an Investment Product? .
CHAPTER 26: How and Why Large Pension Plans Use Index-Based Strategies as Their Core Investments .
CHAPTER 27: Tax-Efficient Indexation .
CHAPTER 28: Indexing for Advisors: A Sophisticated Strategy for Professional Investment Advisors and Their Clients .
CHAPTER 29: Indexing for Individual Investors .
CHAPTER 30: Indexing at the Core: The Four Key Axioms for Long-Term Investment Success .
CHAPTER 31: The Future of Indexing: The Revolution Has Just Begun! .
GUIDE TO THE E-PPENDIX: www.ActiveIndexInvesting.com, Partnered with IndexUniverse.com.
ABRIDGED GLOSSARY OF INDEXATION AND QUANTITATIVE INVESTMENT TERMINOLOGY.
