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
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"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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John A. Prestbo

John Prestbo is editor of the Dow Jones Indexes and has responsibility for the development of new indexes for Dow Jones & Company. He is chairman of the Dow Jones index oversight committee and markets editor of The Wall Street Journal.

In 1964, Mr. Prestbo joined the Journal as a food, agriculture and commodities reporter in the Chicago bureau. He moved to New York in 1974 as an editor/writer for the page-one staff, and in 1975 he was named commodity news editor. In 1977, he became an assistant managing editor and bureau chief for the Journal in Cleveland . He was appointed vice president/editorial director of Dow Jones Radio 2 in 1981. He returned to the Journal as markets editor in 1983. He worked on the January 1993 launch of the Dow Jones World Stock Index, and in April 1993, he received the additional title of editor of the Index. In July 1996, the World Stock Index group was renamed Dow Jones Indexes, which became a business unit of Dow Jones & Company, Inc.

In 1974 Mr. Prestbo was a co-author of the book, "News and the Market," published by the Henry Regnery Co. He edited "This Abundant Land," an anthology of stories on farming and agriculture from The Wall Street Journal, published in 1974 by Dow Jones Books. In 1993, he and the Journal's Doug Sease co-authored the book, "Barron's Guide To Making Investment Decisions," published by Prentice Hall. Prentice Hall published a revised and expanded edition of the book in November 1998. In April 1997, their book, "The Wall Street Journal Book of International Investing," was published by Hyperion. In 1999, he edited “The Market's Measure”, an Illustrated History of America Told Through the Dow Jones Industrial Average, published by Dow Jones Indexes.

Mr. Prestbo won the University of Missouri Award for Distinguished Business Writing in 1967 and the George M. Loeb Achievement Award for Business Writing in 1968.

Born in Northwood , N.D. , Mr. Prestbo received his bachelor's and a master's degrees from Northwestern University in Evanston , Ill. He and his wife, Darlene, have a son and a daughter and live in New Jersey .

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