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

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

Exchange-traded funds (ETFs) have grown substantially in size, diversity, and market significance in recent years, generating considerable interest from investors, academics, regulators and the press. Ananth Madhavan examines in-depth the drivers for the rise of ETFs against the background of interest in passive index investing.

"Exchange-Traded Funds and the New Dynamics of Investing is an essential reference and a thought-provoking commentary for professional investors in all asset classesReaders will be able to incorporate what they learn from reading the book into immediate practice, either through modeling and backtesting or through actual active investing using passive instruments." -- Financial Analysts Journal "Ananth Madhavan delivers a clear, accessible, and authoritative exposition of modern investment theory and the role of exchange-traded funds. His treatment integrates the perspectives of investors, investment managers, ETF producers, ETF arbitrageurs and regulators in a unified framework. The analysis draws on well-founded principles of financial economics, but also the real world experience and insights of a seasoned practitioner. Investment professionals, academics, and regulators will find here a thorough reference and guide to the active use of passive strategies and the exchange-traded fund universe." -- Joel Hasbrouck, Kenneth G. Langone Professor of Business Administration and Professor of Finance, Stern School of Business, New York University "ETFs are the fastest growing segment of the mutual fund industry. Madhavan's comprehensive and accessible book delivers a structured framework for understanding the ETF market, with a perfect balance of academic rigor and practical value. This book is an essential guide to one of the most important investment vehicles in today's markets, and will be a valuable resource to academics, individual investors, and the most sophisticated institutional investors." -- Donald B. Keim, John B. Neff Professor of Finance, and Director, Rodney L. White Center for Financial Research, The Wharton School, University of Pennsylvania

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 extensive career as a professor at the University of Southern California and the Wharton School of the University of Pennsylvania.

SKU	Unavailable
ISBN 13	9780190279394
ISBN 10	0190279397
Title	Exchange-Traded Funds and the New Dynamics of Investing
Author	Ananth N Madhavan
Series	Financial Management Association Survey And Synthesis Series
Condition	Unavailable
Binding Type	Hardback
Publisher	Oxford University Press Inc
Year published	2016-08-18
Number of pages	288
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.