“Here is everything you ever wanted to know about index investing. Steven Schoenfeld has put together a superb set of chapters written by leading practitioners in the investment industry.
Both index and active investors will find a wealth of useful information in these pages.”
—Burton G. Malkiel
Professor of Economics, Princeton University
author of A Random Walk Down Wall Street

[Active Index Investing] shows there is nothing passive or apathetic about indexers in terms of investment innovation . . . Schoenfeld, a leader in expanding the use and understanding of indexing, has an intellectual's grasp of its concepts and a practitioner's ability to apply them. The 688-page book is an essential guide for anyone involved in portfolio management, active as well as passive.
—Barry Burr, Editorial Page Editor
Pensions & Investments

“For those who already know that active indexing is not an oxymoron, as Steven states early on in this important book, Active Index Investing will be a revelation of the depth to which indexing is an active, robust investment approach. And for those who haven’t yet fully embraced the concept of indexing, Steven’s and the numerous contributors’ insights demonstrate the myriad of possibilities for constructing sophisticated investment strategies that place “indexing at the core.”
—Terry Toth
President
Northern Trust Global Investments

“Active Index Investing covers it all and is a must-read for theoreticians, practitioners, and students alike. Schoenfeld’s book provides a breadth of insight about benchmarks and index investing, ranging from the evolution of indexing and the theory of index construction to investment strategies and applications.”
—William J. Brodsky
Chairman & CEO
Chicago Board Options Exchange

“There is a great fiction in many parts of the investment industry: that indexing is a ‘passive’ strategy. This book clearly shows why that belief is wrong. Steven Schoenfeld and the broad group of contributors he has assembled lay out a compelling case for why both the management and use of index funds are very active processes.
Steven is a thought leader in the investment management field, and now he has provided a book that makes his knowledge available to everyone. Anyone involved with money management will want to read this book. It will become a standard reference text for years to come as more investors understand the role of indexing as part of active portfolio management.”
—Lee Kranefuss
CEO, Exchange Traded Funds
Barclays Global Investors

“The whole discipline of indexing and benchmarking is clearly moving into the next generation of its development and is at the cutting edge of investing practices. Steven Schoenfeld has added to the insights of a virtual who’s who among indexing practitioners his own significant depth and breadth of experience to provide the definitive modern compendium of where indexing currently is and where it is going. As indexing and benchmarking should be a part of every investor’s thinking, Active Index Investing should become their must-have desk reference.”
—Paul R. Aaronson
Chief Executive Officer, PlusFunds (manager of the S&P Hedge Fund Index)

“As index investing becomes increasingly accepted as a core aspect of money management, Active Index Investing fills the need for a foundational understanding how active and dynamic the management and use of index investments can be. Sophisticated institutional and individual investors will benefit from the perspective of the 50 contributors from across the industry, as well Steven’s own insights as a leading strategist and practitioner in this field.”
—Orie Dudley
Global Chief Investment Officer
Northern Trust Global Investments

'This book steps beyond the non-productive debate of the relative merits of passive and active investing, asserting that the most efficient portfolios come from a combination of both... It's really a book for the advisor whos is looking at 'How do I model my practice for tomorrow?' It speaks to the next phase, the next methodology of investing that will dominate the investing scene in five or ten years. It's an integrated view which you can't just go out and get. I've never seen a book that brings it together like this one does.'
—Michael Nairne, President
Tacita Capital Inc.