Trillions

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Trillions

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Author :   Robin Wigglesworth
Publisher :   Penguin Business
Published :   14/10/2021
ISBN :   9780241422052
Format :   Hardback
Pages :   224
Size (mm) :   240x162x33
Weight (g) :   592

Index funds are the most widely influential investment vehicles available. They have revolutionised investing by saving millions of people billions of dollars in fees that would otherwise have gone to fund managers. It is no exaggeration to say that the... Read more
Index funds are the most widely influential investment vehicles available. They have revolutionised investing by saving millions of people 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, by 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. Here Robin Wigglesworth reveals the untold history of the revolutionists behind the invention of index funds and investigates one of the most pressing financial uncertainties of our time.