All You Need to Know About Exchange-Traded Funds
Exchange-traded funds (ETFs) are revolutionizing the investment
industry. From their introduction in 1993, ETFs have expanded
exponentially over the past fifteen years. You, as an informed
investor, need to know what makes ETFs unique, how they work, and
which funds may help you achieve your financial goals. The updated
edition provides the most current look at the ETF market, where the
number of funds has doubled since the book first published in
December 2007. A huge number of bonds funds, commodities funds,
currency funds, leverage and short funds have been introduced. In
addition, actively managed ETFs are here now, and some major mutual
fund companies, like Fidelity and PIMCO, are getting into the
market. Remarkably, the terminology in the ETP marketplace is also
evolving at a rapid pace. The acronym ETP for exchange-traded
product has become an industry standard. The term did not exist two
years ago.
Written by veteran financial professional and experienced author
Richard Ferri, The ETF Book, Updated Edition gives you a broad and
deep understanding of this important investment vehicle and
provides you with the tools needed to successfully integrate
exchange-traded funds into any portfolio.
This detailed, yet clearly articulated guide contains the most
up-to-date information on navigating the growing number of ETFs
available in today's marketplace. Divided into four comprehensive
parts, this guide addresses everything from ETF basics and in-depth
fund analysis to the tax benefits of using ETFs. Included are a
variety of portfolio management strategies using ETFs and examples
of different model portfolios that you can easily adapt to your own
investment endeavors.
Whether you're just getting started or are a seasoned ETF investor,
The ETF Book, Updated Edition will help enhance your understanding
of this evolving field by:
- Examining the fundamental differences between exchange-traded
portfolios
- Highlighting how to effectively implement a wide selection of
ETFs?from
- Exploring specific ETF strategies?from buy and hold to market
timing and sector rotation
- Introducing Index Strategy Boxes?a new way to understand index
construction and how a fund is investing your money
- And much more
Each chapter of
The ETF Book, Updated Edition offers concise
coverage of various issues. It is filled with in-depth insights on
different types of ETFs and practical advice on how to select and
manage them. The appendixes are an added benefit, offering an ETF
Resource List, which will point you to more places for information
on these structures, and a detailed Glossary to help you with
industry-specific definitions.
The
ETF Book, Updated Edition is an invaluable road map for
developing a winning investment strategy. Armed with the knowledge
found throughout these pages, you'll be prepared to build a solid
portfolio of ETFs that will benefit you for years to come.