Download this Paper Open PDF in Browser

Investment Management and Technology: Past, Present, and Future

31 Pages Posted: 8 Dec 1999  

Zvi Bodie

Boston University - Department of Finance & Economics

Multiple version iconThere are 2 versions of this paper

Abstract

This paper analyzes how the practice of investment management has been affected over the past 45 years by technological progress, market innovations, and advances in finance theory. Over the next few decades, as retirement-income systems around the world make the transition from "pay-as-you-go" social security to self-directed retirement accounts, the investment-management business is likely to undergo a radical transformation. There will be a growing demand for customized, integrated investment and insurance products. Financial engineering will play a major role in this transformation.

JEL Classification: G19

Suggested Citation

Bodie, Zvi, Investment Management and Technology: Past, Present, and Future. Available at SSRN: https://ssrn.com/abstract=178629 or http://dx.doi.org/10.2139/ssrn.178629

Zvi Bodie (Contact Author)

Boston University - Department of Finance & Economics ( email )

United States

HOME PAGE: http://www.zvibodie.com

Paper statistics

Downloads
2,526
Rank
3,820
Abstract Views
6,354