Index Fund Management A Practical Guide to Smart Beta, Factor Invest

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 co

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FA D I Z A H E R

Index Fund Management “This is a wonderfully accessible and relevant book. Whether you are coming to the subject for the first time or wanting an update on the latest thinking, Fadi’s book will educate and entertain. His understanding of the importance of human behaviour alongside financial theory is refreshing.” —Sarah Aitken, Head of Distribution EMEA, Member of LGIM’s Executive Team “Comprehensive, insightful and immediately useful for investors! Fadi brings an enormous wealth of knowledge and experience on both theory and practice to the reader in an easy, accessible style. He provides a unique overview of the different types of factors and alternative risk premia, their rationale and how to implement them efficiently in a portfolio. This is the new reference book in this field, a must read for all practitioners and people considering using factors and alternative risk premia in their investment strategy.” —Emiel van den Heiligenberg, Head of Asset Allocation at Legal & General Investment Management “The book is a great introduction into the world of factor investing and alternative indexation. Accessible, yet very comprehensive. Read the book—and learn from one of the best in the field.” —Vitali Kalesnik PhD, Partner, Director of Research for Europe at Research Affiliates “The discussion of active and passive money management is needlessly polarised. This timely book, written by a practitioner, explains clearly and comprehensively some of the increasingly-popular strategies that might help investors find a middle way.” —Kevin Gardiner, Former Chief Investment Officer (Europe), Barclays Wealth & Investment Management

Fadi Zaher

Index Fund Management A Practical Guide to Smart Beta, Factor Investing, and Risk Premia

Fadi Zaher Index Solutions & Investment Specialists London, UK

ISBN 978-3-030-19399-7    ISBN 978-3-030-19400-0 (eBook) https://doi.org/10.1007/978-3-030-19400-0 © The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2019 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or