The Exchange-Traded Funds Manual / Edition 1

The Exchange-Traded Funds Manual / Edition 1

by Gary L. Gastineau
     
 

ISBN-10: 0471218944

ISBN-13: 9780471218944

Pub. Date: 01/31/2002

Publisher: Wiley

With the enormous popularity and widespread acceptance of exchange-traded funds (ETFs) over the past several years, advisors and individual investors alike have sought out a definitive guide to this innovative, exciting new class of funds -- and the Frank J. Fabozzi series has responded. Written by ETF expert Gary Gastineau, The Exchange-Traded Funds Manual provides a…  See more details below

Overview

With the enormous popularity and widespread acceptance of exchange-traded funds (ETFs) over the past several years, advisors and individual investors alike have sought out a definitive guide to this innovative, exciting new class of funds -- and the Frank J. Fabozzi series has responded. Written by ETF expert Gary Gastineau, The Exchange-Traded Funds Manual provides a detailed description of "open-end" exchange-traded funds and how they work so that you can understand the reasons for ETF growth and, more importantly, how to use ETFs profitably.

The Exchange-Traded Funds Manual offers the most complete treatment of ETFs available, from asset allocation and risk management to taxation and financial planning, ETF selection, and evaluation. Whether you're a long-term investor, online trader, or advisor, this volume is a useful companion to anyone who wants to use "open-end" ETFs intelligently and effectively.

This comprehensive guide begins with a brief history of ETFs and a comparison with other basket products that often compete with them, including HOLDRs and Folios. The Exchange-Traded Funds Manual continues its full examination of ETFs by going behind the scenes and below the surface for the answers to difficult questions that you need to know when investing with ETFs. You'll learn why the expense ratios of ETFs tend to be low as well as how most equity ETFs avoid significant capital gains distributions.

The Exchange-Traded Funds Manual goes beyond the basic, introductory facts of ETFs, namely their flexibility, low cost, and high tax efficiency. This book provides a broader perspective and a more useful frame of reference for the risks and rewards of common ETF investment strategies and tactics. Filled with proven techniques and real-world examples to back them up, The Exchange-Traded Funds Manual is the only book you'll ever need to understand and profit from the incredible class of financial instruments known as exchange-traded funds.

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Product Details

ISBN-13:
9780471218944
Publisher:
Wiley
Publication date:
01/31/2002
Series:
Frank J. Fabozzi Series, #93
Pages:
401
Product dimensions:
1.06(w) x 6.00(h) x 9.00(d)

Table of Contents

About the Author
Preface
Acknowledgements
1Introduction1
2The History and Structure of ETFs - and Some Competitors31
3The Regulatory Structure and Mechanics of the Open ETF55
4Distinctive Characteristics of Exchange-Traded Funds: Transactions, Shareholder Protection, Payment for Value Added, Fund Evaluation, and Taxation77
5ETF Applications for Investors and Investment Advisors109
6Equity Index ETFs - A Long Way to Go127
7New Generations of ETFs177
8Trading ETF Shares Without Angst219
9Developing an Investment Process Incorporating ETFs261
AppGetting Information on ETFs - Where to Look and What to Look For291
Glossary303
Bibliography377
Index391

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