Exchange-traded funds (ETFs) have grown substantially in size, diversity, and market significance in recent years, generating considerable interest from investors, academics, regulators and the press. Ananth Madhavan examines in-depth the drivers for the rise of ETFs against the…
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"In Exchange-Traded Funds and the New Dynamics of Investing, Ananth Madhavan examines 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 ve…