Indices Index Funds And ETFs Exploring HCI by Michael I. C. Nwogugu HARDBACK

Palgrave Macmillan

Indices, Index Funds And ETFsExploring HCI, Nonlinear Risk and Homomorphisms\nAuthor(s): Michael I. C. Nwogugu\nFormat: Hardback\nPublisher: Palgrave Macmillan, United Kingdom\nImprint: Palgrave Macmillan\nISBN-13: 9781137447005, 978-1137447005\nSynopsis\nIndices, index funds and ETFs are grossly inaccurate and inefficient and affect more than 120 trillion worth of securities, debts and commodities worldwide. This book analyzes the mathematical/statistical biases, misrepresentations, recursiveness, nonlinear risk and homomorphisms inherent in equity, debt, risk-adjusted, options-based, CDS and commodity indices and by extension, associated index funds and ETFs. The book characterizes the Popular-Index Ecosystems, a phenomenon that provides artificial price-support for financial instruments, and can cause systemic risk, financial instability, earnings management and inflation. The book explains why indices and strategic alliances invalidate Third-Generation Prospect Theory (PT3), rel.