Excess Returns  cover image

How Popular Market Indexes Are Constructed with Athanasios Psarofagis

Excess Returns

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The Growth and Proliferation of ETFs

This chapter discusses the growth and proliferation of ETFs, emphasizing the importance of understanding the differences between indexes and ETFs. It highlights the blurred line between passive and active ETFs and the rise of smart beta investing. The chapter also provides an overview of the current state of passive investing and ETFs in the US market.

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