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Exchange-Traded Funds and the New Dynamics of Investing - Oxford Scholarship Online
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Exchange-Traded Funds and the New Dynamics of Investing

Ananth N. Madhavan


This book is about 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 that trades intraday and typically seeks to replicate the performance of a specific index. ETFs have grown substantially in size, diversity, and market significance in recent years. Globally, assets in ETFs now exceed $3 trillion and are represented in all asset classes. ETFs now blur the line between active and passive management, including so-called Smart Beta funds that seek t ... More

Keywords: exchange-traded funds, ETF, index investing, active manager, asset management, Smart Beta

Bibliographic Information

Print publication date: 2016 Print ISBN-13: 9780190279394
Published to Oxford Scholarship Online: August 2016 DOI:10.1093/acprof:oso/9780190279394.001.0001


Affiliations are at time of print publication.

Ananth N. Madhavan, author
Managing Director, Global Head of iShares Research, BlackRock, Inc.