Q-Group Sydney Monthly Lunch Series - The Active World of Passive Investing, or, Implications of the Growth of ETFs

Date: 
21 Aug 2019
Speaker: 

Professor Talis Putnins

Location: 

RedOak Beer Cafe
201 Clarence St
Sydney

Short bio:
Talis Putnins is a Professor of Finance at UTS and a member of the Quantitative Finance Research Centre. His research interests include financial markets, market microstructure, asset pricing, and market manipulation, and he has numerous publications in top-tier international journals across these fields.

Additional notes:
Talis will present some research on the issue of whether investments are getting more passive, due to the growth of ETFs and index funds, and if so, what are the implications? He and his co-authors argue (against the widely accepted views) that the growth of ETFs is not a passive revolution because they are used in active investing in two ways and the bulk of the money in ETFs is fairly “active” in its investment approach. As a result, he does not think the market is getting considerably more passive overall, and consequently, there are no signs of informational efficiency deteriorating in recent years as ETFs have really taken off.

As per usual, we will aim for a 20-minute presentation, followed by lunch and a (lightly) moderated discussion.

If you would like to attend, please rsvp using the following link:

mailto:qrsvp@qgroup.org.au?subject=[SYDNEY]_I_would_like_to_attend_lunch_series_August_2019

We will respond to all rsvps so that you can be certain whether a spot has been allocated.

If you are interested in being the discussion leader for a particular topic, then please contact us at qcommittee@qgroup.org.au. In the long-term, our aim is for most (all?) members to lead a discussion at a lunch series event, so please do not be shy in contacting the committee.

Kind regards,

The Q-Group Committee
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