The Rise of Factor Investing: "Passive" Security Design and Market Implications
收藏数据链接：
官方服务：
资源简介：
We model financial innovations such as Exchange-Traded Funds, smart beta products, and many index-based vehicles as composite securities (CSs) that facilitate trading the common factors in assets' liquidation values. Through accessing a larger basket of assets in endogenously chosen proportions, CSs
提供机构：
美国国家经济研究局创建时间：
2024-01-01
