# An op-ed by Prof. Jeffrey Wurgler on the consequences of index-linked investing

1 Faculty News April 26, 2012 ![](/sites/default/files/styles/246w/public/assets/images/con_036024.gif?itok=Iy879Yhs)>

Excerpt from [Index Universe](http://www.indexuniverse.eu/europe/publications/journal-of-indexes/articles/8274-the-economic-consequences-of-index-linked-investing.html?showall=&fullart=1&start=9) -- "Not only are index fund owners experiencing extra risk in the form of low-frequency detachment; index-based trading creates more risk at higher frequency."

[Read more](http://www.indexuniverse.eu/europe/publications/journal-of-indexes/articles/8274-the-economic-consequences-of-index-linked-investing.html?showall=&fullart=1&start=9)