{"product_id":"beyond-smart-beta-isbn-9781119315247","title":"Beyond Smart Beta","description":"\u003cb\u003eDelve into ETFs for smarter investing and a weatherproof portfolio\u003c\/b\u003e \u003cp\u003e\u003ci\u003eBeyond Smart Beta\u003c\/i\u003e 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. \u003c\/p\u003e\u003cp\u003eETFs 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. \u003c\/p\u003e\u003cul\u003e \u003cli\u003eAssess the current landscape and the anatomy of ETFs\/ETPs\u003c\/li\u003e \u003cli\u003eUnderstand ETP handling, costs, trading, and investment\u003c\/li\u003e \u003cli\u003eEvaluate the pros and cons of next-generation indexing approaches\u003c\/li\u003e \u003cli\u003eAvoid risk while incorporating indices into an active portfolio management strategy\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eIndex 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. \u003ci\u003eBeyond Smart Beta\u003c\/i\u003e provides a primer for investors seeking to understand — and take advantage of — these lucrative new products. \u003c\/p\u003e\u003cp\u003ePreface vii\u003c\/p\u003e \u003cp\u003eAcknowledgments ix\u003c\/p\u003e \u003cp\u003eAbout the Authors xi\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 The Beauty of Simplicity – The Rise of Passive Investments 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOutperformance – A Tough Challenge 1\u003c\/p\u003e \u003cp\u003eInstitutional Investors: A Small Change in Allocations, A Big Step for Passive Investments 2\u003c\/p\u003e \u003cp\u003eNot All “Big Guys” Love ETFs 3\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The History of Indexing and Exchange-Traded Products 6\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFrequent Pricing Thanks to Copper and Feather 6\u003c\/p\u003e \u003cp\u003eJournalist Trio Pictures the Market 7\u003c\/p\u003e \u003cp\u003eIndexation Across the Globe 7\u003c\/p\u003e \u003cp\u003eCustomized Indexing aka Smart Beta 8\u003c\/p\u003e \u003cp\u003eExchange-Traded Funds – A Unique All-rounder 15\u003c\/p\u003e \u003cp\u003eExchange-Traded Commodities – Heavy Metal Even for Lightweight Investors 46\u003c\/p\u003e \u003cp\u003eExchange-Traded Notes – The Underdog 53\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Index Evolution 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBenchmark Indices 58\u003c\/p\u003e \u003cp\u003eSmart Beta Indices (Second Generation of Indexing) 85\u003c\/p\u003e \u003cp\u003eNext Generation Indices (Third Generation of Indexing) 104\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 The Good, Bad and Ugly – A Critical Review of Today’s Indexing Approaches 127\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSynthetic vs. Physical Replication 128\u003c\/p\u003e \u003cp\u003eSecond Generation Indexing Critique – The Bad Ones 129\u003c\/p\u003e \u003cp\u003eCommodity\/Energy\/Oil ETP Products 133\u003c\/p\u003e \u003cp\u003eVolatility ETPs 135\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Advantages Unlimited – Portfolio Application Strategies for Superior Index Investing 139\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNever Underestimate the Importance of Investment Costs 139\u003c\/p\u003e \u003cp\u003eSmart Beta Deconstruction 144\u003c\/p\u003e \u003cp\u003eConclusion 152\u003c\/p\u003e \u003cp\u003eMind the Behavioral Gap – Earning More by Avoiding Investing Errors 152\u003c\/p\u003e \u003cp\u003eThe Next Generation of Asset Allocation – Risk Factor Allocation Approach in Portfolio Construction 155\u003c\/p\u003e \u003cp\u003eThe Ultimate Question: Passive or Active? 163\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Unchaining Innovation – The Future of Active Investing in Passive Products 166\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAlternative Investing 166\u003c\/p\u003e \u003cp\u003eEnvironmental, Social and Governance (ESG)-Based Investments 180\u003c\/p\u003e \u003cp\u003eConclusion 190\u003c\/p\u003e \u003cp\u003eCustomized Indexing 192\u003c\/p\u003e \u003cp\u003eGlossary 200\u003c\/p\u003e \u003cp\u003eReferences 210\u003c\/p\u003e \u003cp\u003eIndex 215\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eGÖKHAN KULA\u003c\/b\u003e is managing partner and CIO of MYRA Capital. Formerly he was managing director and Head of Asset Management of the Walser Privatbank Invest S.A., and a board member of several Luxembourg-based investment companies. He is a CFA and FRM Charterholder and a consistent voice in the financial media published in Germany, Austria and Switzerland.  \u003c\/p\u003e\u003cp\u003e\u003cb\u003eMARTIN RAAB\u003c\/b\u003e is executive director of Derivative Partners, Registered Investment Advisor, and a senior adviser to the board of MYRA Capital. He is the publisher and editor of several investment publications, a public speaker on financial products, and is regularly quoted by POLITICO, Bloomberg Brief and various other media.  \u003c\/p\u003e\u003cp\u003e\u003cb\u003eSEBASTIAN STAHN\u003c\/b\u003e is Treasury and Investment Manager at Wüstenrot Group. Formerly he worked as senior portfolio manager, fund manager and advisor to institutional clients at MYRA Capital and Walser Privatbank. He is a CFA charterholder and a renowned expert in efficient and rules-based investment strategies.   \u003c\/p\u003e\u003cp\u003eBeyond Smart Beta is the definitive guide to using index investing to enhance your active portfolio management. An author team recognized as thought-leaders and accomplished practitioners in the industry explores the full selection of exchange-traded products (ETPs). They discuss the risks and paybacks related to a variety of indexing approaches and share insightful views on next-generation methods evolving in the marketplace. Dozens of charts and tables offer visual examples of the concepts covered throughout, all of which aim to give you a firmer grasp on the mechanics and practices behind ETP. Numerous practical examples give special attention to some critical facts about indexes that even seasoned traders and investors overlook. Balance your portfolios for future gains by: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eAcquiring expert-level knowledge of ETP handling, costs, trading and investment\u003c\/li\u003e \u003cli\u003eSkilfully assessing today’s ETP landscape and avoiding costly pitfalls while mitigating risk\u003c\/li\u003e \u003cli\u003eImmediately boosting your investment strategy and weatherproofing your portfolios\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003e\u003ci\u003eBeyond Smart Beta\u003c\/i\u003e shows active investors how to maximize returns with passive products.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988807762149,"sku":"NP9781119315247","price":65.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119315247.jpg?v=1761781668","url":"https:\/\/k12savings.com\/es\/products\/beyond-smart-beta-isbn-9781119315247","provider":"K12savings","version":"1.0","type":"link"}