Active Index Investing For over three decades, both institutional and individual investors have increasingly accepted indexing, index benchmarks and the investment products that track them.  Through this process, indexing has become a driving force in the transformation of investment strategy from a subjective art to a more appropriate blend of art and science. Yet many investors' understanding of the sophistication of this burgeoning field has lagged behind the growing use of index products. Active Index Investing aims to close that gap, and provides a comprehensive review of the theories, products and strategies that have enabled investors to benefit from the 'indexing revolution' that contiues to gain momentum around the world.  And this website aims to supplement the book's 31 chapters with updated data, additional content and sidebars, and an opportunity for your feedback.  I hope you find both the book, which was recently published in Japanese, and it's E-ppendix informative and useful.		What is an E-ppendix?     For Novices     For Academics     For Professionals     For Fun     E-ppendix Your Book     Discuss the Book

Part One    -	The Indexing Revolution - Theory And Practice
Part Two    -	Benchmarks - The Foundation For Indexing... And All Investing
Part Three -	The Ever-Expanding Variety and Flexibility of Index Products - A Global Overview
Part Four   -	Managing Index Funds - It´s Anything but Passive!
Part Five    -	Pulling It All Together - How to Use Index Products to Build And Efficient Risk-controlled Investment Strategy
	more on Sidebars...

"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

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Michael Mueller, CFA, CPA
Assistant Director of Investments
Oregon State Treasury

Michael Mueller serves as Assistant Director of Investments for the Oregon State Treasury where his primary duties include managing the Treasury's custody, performance, consulting and lending relationships. He plans, organizes, and directs the day-to-day activities of the Investment Division staff for the Oregon Public Employees Retirement Fund (OPERF), guided by the policies and procedures of the Oregon Investment Council, a five member state investment board that meets monthly. He also has primary responsibility for Treasury's relationship with the State Accident Insurance Fund and the Common School Fund. Total assets under Treasury management exceed $43 billion. Previously, he served as the agency's Audit & Risk Manager for five years. He also served as Interim Director of Investments for the State Treasury during 2002.

Prior to the Treasury, Michael worked for five years at the international accounting firm of KPMG Peat Marwick in their San Francisco and Portland, Oregon offices as a certified public accountant. Michael is a graduate of Stanford University where he earned degrees in quantitative economics and history.

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