Beyond smart beta : index investment strategies for active portfolio management

Cover -- Title Page -- Copyright -- Contents -- Preface -- Acknowledgments -- About the Authors -- Chapter 1: The Beauty of Simplicity - The Rise of Passive Investments -- Outperformance - A Tough Challenge -- Institutional Investors: A Small Change in Allocations, A Big Step for Passive Investments -- Not All "Big Guys" Love ETFs -- Note -- Chapter 2: The History of Indexing and Exchange-Traded Products -- Frequent Pricing Thanks to Copper and Feather -- Journalist Trio Pictures the Market -- Indexation Across the Globe -- Customized Indexing aka Smart Beta -- Exchange-Traded Funds - A Unique All-rounder -- Rising Bars, Soaring Product Launches: The Global ETF Market at a Glance -- ETF's Legal Structures at a Glance -- Replication Methods -- Trading ETFs -- Leveraged and Inverse ETFs -- ETFs vs. Futures -- Exchange-Traded Commodities - Heavy Metal Even for Lightweight Investors -- Commodities - An Asset with a Long History -- ETCs Democratize Investing in Commodities -- Commodity ETF vs. ETC: Same Goal, Different Features -- How are ETCs Constructed? -- Different Product Designs -- Sources of Return -- Fees of ETCs -- Exchange-Traded Notes - The Underdog -- How are ETNs Constructed? -- Trading and Early Redemptions -- The Issuer is Gone, Your ETN is Gone -- Notes -- Chapter 3: Index Evolution -- Benchmark Indices -- Market Cap Weighted Indices - "The Bigger, the Better" -- Equal-Weighted Indices - "One Stock, One Vote" -- Fundamentally Weighted Indices - "New Age Parameters Count" -- Factor Indices - "The Growing Zoo" -- Benchmark Questions for Investors -- Equity Benchmarks -- Sector Indices -- Selected Sector Indices Overview -- Fixed-Income Benchmarks -- Additional Fixed-Income Benchmark Families -- Commodities and Alternative Benchmarks -- Smart Beta Indices (Second Generation of Indexing) -- Defining Smart Beta - A Tough Challenge.