000			01796nam a22002057a 4500
999			_c4704 _d4704
005			20230202150720.0
008			230202b ||||| |||| 00| 0 eng d
020			_a9780241422069
082			_a332.6327 _bWIG
100			_aWigglesworth, Robin _910736
245			_aTrillions: _bhow a band of Wall Street renegades invented the index fund and changed finance forever
260			_bPenguin Random House India Pvt. Ltd. _aHaryana _c2021
300			_axiii, 336 p.
365			_aINR _b899.00
520			_aIndex funds are perhaps the most widely influential investment vehicles available. They have revolutionised investing, saving millions of people untold billions of dollars in fees that would otherwise have gone to fund managers. It is no exaggeration to say that the rise of passive investing is probably one of the most consequential financial inventions of the past half-century. It is rewiring markets and reshaping the finance industry. Yet some detractors say that index investing is an insidious disease and with their rapid expansion, and grip on the financial market, index funds may have cataclysmic consequences that we aren't even aware of yet. What might the socio-economic risks of wide-spread passive investing be? What are the longer-term consequences to capitalism? And what does the future look like for the investment landscape? Through exclusive interviews with key industry giants, Robin Wigglesworth, the Financial Times' New York-based markets editor, reveals the thrilling and untold history of the revolutionists behind the invention of index funds and investigates one of the most pressing financial uncertainties of our time.
650			_aIndex mutual funds _97649
650			_aInvestments _91165
650			_aSecurities industry _911763
942			_2ddc _cBK