@article {Lo1, author = {Andrew W. Lo}, editor = {Goyal, Gauri}, title = {Practical Applications of What Is an Index?}, volume = {3}, number = {4}, pages = {1--4}, year = {2016}, doi = {10.3905/pa.2016.3.4.149}, publisher = {Institutional Investor Journals Umbrella}, abstract = {What Is an Index? Andrew W Lo Conventional ideas on active versus passive investing need to be revised in light of recent advances on financial technology. {\textquotedblleft}Active strategies manage risk actively and passive strategies do not manage risk at all,{\textquotedblright} MIT {\textquoteright}s Andrew Lo says in a conversation with Institutional Investor Journals . He offers a new framework for thinking about active versus passive investing by distinguishing traditional or {\textquotedblleft}static{\textquotedblright} indices from more complex or {\textquotedblleft}dynamic{\textquotedblright} indices that can be actively risk managed in his article, What Is an Index? , in the Spring 2016 issue of The Journal of Portfolio Management .TOPICS: Passive strategies, risk management}, issn = {2329-0196}, URL = {https://pa.pm-research.com/content/3/4/1.7}, eprint = {https://pa.pm-research.com/content/3/4/1.7.full.pdf}, journal = {Practical Applications} }