| From Resource Investor: It is hard to believe, but equity indexes (and futures and options based on them) became a commonly used investment tool only 25 or so years ago. As more and more investors began to apply indexes to their strategies, the demand grew for more indexed products.
Exchanges and index providers obliged by creating hundreds of new ones, and thousands of variations on them. Now that indexes are widely used to create derivatives, it’s useful to recall how they came about. The main factors in this story are innovation, perseverance and success breeding success...... Full Article: Source
|