Index Fund Management

Index Fund Management

This book brings simplicity to passive investing, smart beta, and factor investing, which is the fastest growing type of investment in the asset management industry.

Author: Fadi Zaher

Publisher: Springer Nature

ISBN: 9783030194000

Category: Business & Economics

Page: 248

View: 984

This book brings simplicity to passive investing, smart beta, and factor investing, which is the fastest growing type of investment in the asset management industry. The subject has a strong academic foundation but often taught and presented in a quite complex and unorganized way. In recent years, index and factor investing solutions have been bestsellers. But factor investing success is not a foregone conclusion, and there are plenty of quirks and misprints in the literature. Do investors need a novel approach? The book provides answers to some of these questions in an open and objective fashion. Index fund management is increasingly taught in finance courses at universities. For market practitioners including trustees and investors, this book facilitates an increased understanding of how to invest in index and smart beta strategies, how to implement them, and what to be aware of with concrete and practical real-world examples.
Categories: Business & Economics

Active versus Passive Management

Active versus Passive Management

Either as a great educational read or an indispensible reference, The Only Guide You’ll Ever Need for the Right Financial Plan will pay you back many times over the cover price.” —HAROLD EVENSKY, President, Evensky & Katz Wealth ...

Author: Larry E. Swedroe

Publisher: John Wiley & Sons

ISBN: 9781118006566

Category: Business & Economics

Page: 256

View: 410

The active versus passive debate is a contentious issue. Filled with concrete evidence and comprehensive money management strategies, this chapter from The Only Guide You'll Ever Need for the Right Financial Plan delves into the case for passive investing over active investing. You can do so by investing in passively managed investment vehicles like index funds and passive asset class funds. You are virtually guaranteed to outperform the majority of both professionals and individual investors. Written for savvy investors and advisors, this chapter helps you: Integrate a passive investing strategy Maintain your portfolio's risk portfolio in a tax-efficient manner Determine the difference between the theories of efficient versus inefficient markets Make cost-effective investment decisions From Larry Swedroe, the author of the bestselling series of "The Only Guide" investment books, with Kevin Grogan and Tiya Lim, this chapter helps you integrate diversification, low turnover, and asset allocation into one plan that meets the needs of a unique situation.
Categories: Business & Economics

Institutional Money Management

Institutional Money Management

The institutional money management landscape has changed. In order to excel within this arena, you must change with it. This book can show you how.

Author: David M. Smith

Publisher: John Wiley & Sons

ISBN: 9781118148761

Category: Business & Economics

Page: 416

View: 536

Categories: Business & Economics

The Management of Mutual Funds

The Management of Mutual Funds

This book provides insight into the multi-dimensional process of coordinating and supervising mutual funds.

Author: G.V. Satya Sekhar

Publisher: Springer

ISBN: 9783319340005

Category: Business & Economics

Page: 180

View: 882

This book provides insight into the multi-dimensional process of coordinating and supervising mutual funds. This book focuses on the management of mutual funds within financial markets, with an emphasis on how corporate governance and benchmarking influence asset and portfolio management. Chapters explore four important aspects of this process in particular detail: corporate governance, benchmarking, asset management and portfolio management. The author shows that the mutual fund industry provides wider access to payment systems and to a savings safety-net that operates similarly to deposit insurance. Furthermore, he demonstrates that the Indian government’s focus is on establishing the right of every person to have access to affordable basic financial services offered by banks and non-banks.
Categories: Business & Economics

State and Local Pension Fund Management

State and Local Pension Fund Management

The index fund return shows the performance of an entire asset class without any
actual management involved, as it does not entail buying or selling of any
individual security in the index fund. The purpose of comparison with a market
index is ...

Author: Jun Peng

Publisher: CRC Press

ISBN: 0849305519

Category: Political Science

Page: 286

View: 428

Intense media coverage of the public pension funding crisis continues to fuel heightened awareness in and debate over public pension benefits. With over $3 trillion in assets currently under management, the ramifications of poor oversight are severe. It is important that practitioners, researchers, and taxpayers be well-advised regarding any concer
Categories: Political Science

Asset Management

Asset Management

In this book, Ang upends the conventional wisdom about asset allocation by showing that what matters aren't asset class labels but the bundles of overlapping risks they represent.

Author: Andrew Ang

Publisher: Oxford University Press (UK)

ISBN: 9780199959327

Category: Business & Economics

Page: 704

View: 194

Stocks and bonds? Real estate? Hedge funds? Private equity? If you think those are the things to focus on in building an investment portfolio, Andrew Ang has accumulated a body of research that will prove otherwise. In his new book Asset Management: A Systematic Approach to Factor Investing, Ang upends the conventional wisdom about asset allocation by showing that what matters aren't asset class labels but the bundles of overlapping risks they represent. Making investments is like eating a healthy diet, Ang says: you've got to look through the foods you eat to focus on the nutrients they contain. Failing to do so can lead to a serious case of malnutrition - for investors as well as diners. The key, in Ang's view, is bad times, and the fact that every investor's bad times are somewhat different. The notion that bad times are paramount is the guiding principle of the book, which offers a new approach to the age-old problem of where do you put your money? Years of experience,both as a finance professor and as a consultant, have led Ang to see that the traditional approach, with its focus on asset classes, is too crude and ultimately too costly to serve investors adequately. He focuses instead on factor risks," the peculiar sets of hard times that cut across asset classes, and that must be the focus of our attention if we are to weather market turmoil and receive the rewards that come with doing so. Optimally harvesting factor premiums - on our own or by hiring others -r equires identifying your particular set of hard times, and exploiting the difference between them and those of the average investor. Clearly written yet chock-full of the latest research and data, Asset Management will be indispensable reading for trustees, professional money managers, smart private investors, and business students who want to understand the economics behind factor risk premiums, harvest them efficiently in their portfolios, and embark on the search for true alpha."
Categories: Business & Economics

The Fund Industry

The Fund Industry

Praise for The Fund Industry, Second Edition "This book provides an excellent overview of all aspects of the fund industry—from portfolio management to marketing to regulation.

Author: Robert Pozen

Publisher: John Wiley & Sons

ISBN: 9781118929964

Category: Business & Economics

Page: 544

View: 974

A guide to how your money is managed, with foreword by Nobellaureate Robert Shiller The Fund Industry offers a comprehensive look at mutualfunds and the investment management industry, for fund investors,those working in the fund industry, service providers to theindustry and students of financial institutions or capital markets.Industry experts Robert Pozen and Theresa Hamacher take readers ona tour of the business of asset management. Readers will learn howto research a fund and assess whether it's right for them; thenthey'll go behind the scenes to see how funds are invested, soldand regulated. This updated edition expands coverage of thesegments of the industry where growth is hottest, including hedgefunds, liquid alternatives, ETFs and target date funds—andadds an introduction to derivatives. Mutual funds are a key component of financial planning for 96million Americans. Nearly a quarter of U.S. household savings areinvested in funds, which give individual investors affordableaccess to professional management. This book provides a detailedlook at how firms in the industry: Invest those savings in stocks and bonds Evaluate the risks and returns of funds Distribute funds directly to consumers or through financialadvisors or retirement plans Handle the complex operational and regulatory requirements ofmutual funds Vote proxies at the annual meetings of public companies Expand their operations across borders Along the way, the authors describe the latest trends anddiscuss the biggest controversies—all in straightforward andengaging prose. The Fund Industry is the essential guide tonavigating the mutual fund industry.
Categories: Business & Economics

Investment Management

Investment Management

Suppose instead that the stock index futures price is less than the theoretical
futures price ( i.e. , the futures contracts are cheap ) . If that situation occurs , the
index fund manager can enhance the indexed portfolio's return by buying the
futures ...

Author: Frank J. Fabozzi

Publisher:

ISBN: CORNELL:31924073754057

Category: Investment analysis

Page: 780

View: 740

This text ties together theory and practice with an institutional perspective.
Categories: Investment analysis

J K Lasser Pro Separate Account Management

J K  Lasser Pro Separate Account Management

Filled with in-depth insights and expert advice, this comprehensive guide will introduce you to the nuances of separate account management and show you how to use this investment vehicle to build your business as well as help your clients ...

Author: Larry Chambers

Publisher: John Wiley & Sons

ISBN: 0471441457

Category: Business & Economics

Page: 277

View: 859

A FINANCIAL ADVISOR'S GUIDE TO A PERSONAL AND FLEXIBLE MONEY MANAGEMENT APPROACH FOR HIGH NET WORTH CLIENTS Twenty years ago separate account management programs (SAMs) were reserved for the sophisticated advisor who only served the very wealthy. Today, SAM programs have become available to most advisors and several layers of the affluent. If you intend to work with affluent clients that demand personal and flexible service, you must have a complete understanding of this approach to money management-and J.K. Lasser Pro Separate Account Management is the perfect guide. Filled with in-depth insights and expert advice, J.K. Lasser Pro Separate Account Management will introduce you to the nuances of separate account management as well as show you how to use this investment vehicle to build your business and help your clients reach their financial goals. This invaluable resource will: * Take the mystery out of providing professional asset management services to a broad cross section of your clients * Educate you about the opportunities and advantages of using separately managed accounts * Provide you with information about how separately managed accounts work as well as who should be in them * Illustrate how you can employ separately managed accounts in your financial advisory practice * Learn how to convert from commission to fees * And much more Filled with practical guidance and vital information, J.K. Lasser Pro Separate Account Management is a valuable road map for financial professionals looking to master this unique approach to managing money.
Categories: Business & Economics

Quantitative Fund Management

Quantitative Fund Management

The Future Use of Quantitative Techniques in Fund Management - With contributions from well-known academics and practitioners, this volume will undoubtedly foster the recognition and wider acceptance of stochastic optimization techniques in ...

Author: M.A.H. Dempster

Publisher: CRC Press

ISBN: 1420081926

Category: Mathematics

Page: 486

View: 531

The First Collection That Covers This Field at the Dynamic Strategic and One-Period Tactical Levels Addressing the imbalance between research and practice, Quantitative Fund Management presents leading-edge theory and methods, along with their application in practical problems encountered in the fund management industry. A Current Snapshot of State-of-the-Art Applications of Dynamic Stochastic Optimization Techniques to Long-Term Financial Planning The first part of the book initially looks at how the quantitative techniques of the equity industry are shifting from basic Markowitz mean-variance portfolio optimization to risk management and trading applications. This section also explores novel aspects of lifetime individual consumption investment problems, fixed-mix portfolio rebalancing allocation strategies, debt management for funding mortgages and national debt, and guaranteed return fund construction. Up-to-Date Overview of Tactical Financial Planning and Risk Management The second section covers nontrivial computational approaches to tactical fund management. This part focuses on portfolio construction and risk management at the individual security or fund manager level over the period up to the next portfolio rebalance. It discusses non-Gaussian returns, new risk-return tradeoffs, and the robustness of benchmarks and portfolio decisions. The Future Use of Quantitative Techniques in Fund Management With contributions from well-known academics and practitioners, this volume will undoubtedly foster the recognition and wider acceptance of stochastic optimization techniques in financial practice.
Categories: Mathematics

Beyond Smart Beta

Beyond Smart Beta

This book shows you how to take full advantage of the growth of this market to strengthen your portfolio for the long term.

Author: Gökhan Kula

Publisher: John Wiley & Sons

ISBN: 9781119315247

Category: Business & Economics

Page: 240

View: 674

Delve into ETFs for smarter investing and a weatherproof portfolio Beyond Smart Beta is the investor's complete guide to index investing, with deep analysis, expert clarification and smart strategies for active portfolio management. From the general to the obscure, this book digs into every aspect of Exchange Traded Funds (ETFs) including ETCs and ETNs to break down the jargon and provide accessible guidance on utilising the indices as part of a more productive investment strategy. Succinct explanations of terms and concepts help you better grasp ETP anatomy, mechanics and practices, while examples, charts and graphs provide quick visual reference for total understanding. The expert author team examines the risks and benefits associated with various indexing approaches, sharing critical review of next-generation methods to help you make well-informed investment decisions. ETFs provide a solid foundation within mature and well-researched markets, allowing investors to focus on areas where active management has the potential to reap higher returns. This book shows you how to take full advantage of the growth of this market to strengthen your portfolio for the long term. Assess the current landscape and the anatomy of ETFs/ETPs Understand ETP handling, costs, trading, and investment Evaluate the pros and cons of next-generation indexing approaches Avoid risk while incorporating indices into an active portfolio management strategy Index concepts have evolved from basic, passive investments through Smart Beta, and are evolving into a third generation of products that will quickly become an important element of investor portfolios. Key benefits have propelled ETFs to surpass hedge funds in global capital, and the growth shows no sign of slowing. Beyond Smart Beta provides a primer for investors seeking to understand — and take advantage of — these lucrative new products.
Categories: Business & Economics

Portfolio Management in Practice Volume 1

Portfolio Management in Practice  Volume 1

This volume delves into contemporary CFA Institute knowledge on fixed income portfolio management, passive and active equity investing, hedge fund strategies and provides a detailed summary of evaluating chosen strategies.

Author: CFA Institute

Publisher: John Wiley & Sons

ISBN: 9781119743699

Category: Business & Economics

Page: 1328

View: 357

Portfolio Management in Practice, Volume 1: Investment Management delivers a comprehensive overview of investment management for students and industry professionals. As the first volume in the CFA Institute’s new Portfolio Management in Practice series, Investment Management offers professionals looking to enhance their skillsets and students building foundational knowledge an essential understanding of key investment management concepts. Designed to be an accessible resource for a wide range of learners, this volume explores the full portfolio management process. Inside, readers will find detailed coverage of: Forming capital market expectations Principles of the asset allocation process Determining investment strategies within each asset class Integrating considerations specific to high net worth individuals or institutions into chosen strategies And more To apply the concepts outlined in the Investment Management volume, explore the accompanying Portfolio Management in Practice, Volume 1: Investment Management Workbook. The perfect companion resource, this workbook aligns chapter-by-chapter with Investment Management for easy referencing so readers can draw connections between theoretical content and challenging practice problems. Featuring contributions from the CFA Institute’s subject matter experts, Portfolio Management in Practice, Volume 1: Investment Management distills the knowledge forward-thinking professionals will need to succeed in today’s fast-paced financial world.
Categories: Business & Economics

The Institutional Investor Focus on Investment Management

The Institutional Investor Focus on Investment Management

The common practice of dividing the portfolio between an index fund and one or
more active funds makes sense only if few stocks are analyzed or the manager's
forecasting correlation is low. If more than 100 stocks are analyzed, then the ...

Author: Frank J. Fabozzi

Publisher: Ballinger Publishing Company

ISBN: UOM:35128000982023

Category: Business & Economics

Page: 780

View: 722

Categories: Business & Economics

Cash Investment Management for Nonprofit Organizations

Cash   Investment Management for Nonprofit Organizations

The book every nonprofit financial officer needs Relevant for both large and small nonprofit organizations, Cash& Investment Management for Nonprofit Organizations effectivelybrings practical clarity to a potentially complicated topic, ...

Author: John Zietlow

Publisher: John Wiley & Sons

ISBN: 9780470144954

Category: Business & Economics

Page: 544

View: 863

The book every nonprofit financial officer needs Relevant for both large and small nonprofit organizations, Cash & Investment Management for Nonprofit Organizations effectively brings practical clarity to a potentially complicated topic, and explains how to use the best available methods and tools to help your organization achieve and maintain financial strength. This must-have book equips readers with a road map toward sound financial structure and strong internal controls, expertly offering helpful advice on everything financial officers need to know, including: * Knowing the appropriate financial target for your organization * The measures you can use to monitor and manage your organization's liquidity * Preserving your organization's financial integrity through internal controls * How to tap sources of cash to improve your cash flow * Making the most of your greatest potential ally in managing cash--your banking partner * Mobilizing and controlling cash * Disbursing cash efficiently while averting fraud * Harnessing information technology (IT) to better accomplish cash and investment management * Investing policies and practices for cash reserves * Investing policies and practices for endowments and other long-term investment purposes Written by financial professionals for financial professionals, Cash & Investment Management for Nonprofit Organizations provides essential tips and proven financial methods for improving and benchmarking your organization's practices. Discover how to become more effective in keeping your nonprofit financially healthy with the techniques and tools in Cash & Investment Management for Nonprofit Organizations.
Categories: Business & Economics

The Oxford Handbook of Quantitative Asset Management

The Oxford Handbook of Quantitative Asset Management

This book explores the current state of the art in quantitative investment management across seven key areas.

Author: Bernd Scherer

Publisher: Oxford University Press

ISBN: 9780199553433

Category: Business & Economics

Page: 501

View: 912

This book explores the current state of the art in quantitative investment management across seven key areas. Chapters by academics and practitioners working in leading investment management organizations bring together major theoretical and practical aspects of the field.
Categories: Business & Economics

Asset Management in Theory and Practice

Asset Management in Theory and Practice

Here Is An Invaluable Text That Explains Modern Fund Management And Techniques For Market Analysis.

Author: Duncan Hughes

Publisher: New Age International

ISBN: 8122416225

Category:

Page: 248

View: 211

For Many Investors, As Well As Some Brokers And Analysts, Understanding The Often Complex Techniques Of Forecasting Market Trends And Strategies For Maximising Investment Portfolio Return Can Be Difficult. Here Is An Invaluable Text That Explains Modern Fund Management And Techniques For Market Analysis. It Uses Real-Life Issues Surrounding Asset Management, Within The Context Of Modern Portfolio Theory And Fundamental Market And Security Analysis.Asset Management In Theory And Practice Is An Explanation And To Some Extent Re-Evaluation Of The Fundamentals That Drive The Fortunes Of Different Markets. As Such It Presents A Solid Platform From Which The Reader Can Then Develop An Understanding Of More Complex Analytical Techniques And Asset Allocation Strategies.It Should Prove Invaluable To Any Investor Or Student Of The Financial Markets As Well As More Experienced Brokers Or Analysts Seeking To Explain To Customers How The Markets And Investment Strategies Work.This Special Low-Priced Edition Is For Sale In India, Bangladesh, Bhutan, Maldives, Nepal, Myanmar, Pakistan And Sri Lanka Only.
Categories:

Challenges and Innovation in Hedge Fund Management

Challenges and Innovation in Hedge Fund Management

Siegel : The proper benchmark for an active portfolio is a holdable passive
alternative that can be achieved at low cost ( i . e . , an index fund or portfolio of
index funds ) . So , we not only construct a benchmark , or policy portfolio , but we
also ...

Author: CFA Institute

Publisher: Institute of Chartered Financial Analysts

ISBN: IND:30000100497290

Category: Hedge funds

Page: 66

View: 730

Categories: Hedge funds

Investment Management and Mismanagement

Investment Management and Mismanagement

This book presents a critical analysis of four critical areas of investment management.

Author: Seth Anderson

Publisher: Springer Science & Business Media

ISBN: 9780387338309

Category: Business & Economics

Page: 178

View: 180

This book presents a critical analysis of four critical areas of investment management. Coverage includes an overview of portfolio management and its historical evolution; review and analysis of a range of academic research into the performance of portfolio managers; issues associated with both institutional and individual portfolio mismanagement; and a treatment of the important topics of suitability and churning. The contents are gathered from top academic, investment and law journals.
Categories: Business & Economics

The Money Flood

The Money Flood

billion of that in equity index funds and $11 billion in the newer bond index funds.
” Early in 1986 IBM announced it was moving 75% of its fund to passive
management.* It was already almost 50% passively managed. In mid-1986 the
Illinois ...

Author: Michael J. Clowes

Publisher: Wiley

ISBN: 0471384836

Category: Business & Economics

Page: 320

View: 905

Praise for Michael J. Clowes and the money flood "What a fine book! As an active participant in the revolution in pension investing, I could almost feel the times and tides of the past half-century shifting beneath me. Mike Clowes's splendid and articulate tour through the era is destined to become a landmark on the bookshelves of everyone interested in this illuminating history of the past, as well as its portents of the future."-John C. Bogle, founder, The Vanguard Group "The corporate pension fund ranks high among the spectacular financial innovations of the twentieth century. Mike Clowes has built a fascinating story about the impact of this flood of money on the theory and practice of investing, the financial markets, the labor force, corporate management, and the general economy. The far-reaching consequences of these changes make this authoritative and lively book must-reading for everyone."-Peter L. Bernstein, President, Peter L. Bernstein, Inc., author, Against the Gods: The Remarkable Story of Risk "The definitive history of the rise of pension fund capitalism in America."-Keith Ambachtsheer, President, KPA Advisory, author, Pension Fund Excellence: Creating Value for Shareholders "Beautifully written, broad in coverage of all the best parts of a great American story, Mike Clowes's new book gives us an easy-to-read and easy-to-enjoy explanation of who did what and when in the investment revolution of the past half-century."-Charles D. Ellis, Partner, Greenwich Associates, author, The Investor's Anthology: Original Ideas from the Industry's Greatest Minds
Categories: Business & Economics