ETF Strategies and Tactics: Hedge Your Portfolio in a Changing Market [Hardcover]

Laurence Rosenberg (Author), Neal Weintraub (Author), Andrew Hyman (Author)

Book Description

Publication Date: March 24, 2008

In just a decade, the exchange-traded funds (ETFs) market has grown from one billion dollars to more than half-a-trillion dollars.

While previous books have provided introductions to and listings of ETFs, ETF Strategies and Tactics offers practical guidance on how to invest in these funds and use them to balance your portfolio.

Written by a powerhouse authorial team, ETF Strategies and Tactics thoroughly covers the ins and outs of ETFs, detailing how they work, their distinctive characteristics, who trades them, who owns them, and their advantages and disadvantages compared with other investment vehicles. As markets evolve, new ETFs come and go. This authoritative reference will keep you on top of your game by providing focused decision-making techniques that help determine the viability of any ETF, including its value in sector and international investing.

While laying out a proven, systematic ETF investment plan, ETF Strategies and Tactics covers such valuable topics as:

• ETFs vs. mutual funds
• How ETFs are developed, what types of indexes are used, and the costs that determine returns
• How ETF regulations can help investors spot red flags in a fund and avoid tax problems
• The underlying tools of every ETF that can contribute to effective trading and minimized costs and taxes
• The proper use of ETFs based on an investor's goals and his/her ability to manage risk
• The unique short-selling opportunities associated with ETFs
• ETF options
• How to trade ETFs in the European market
• Inverse ETFs that go up when the market goes down

Complete with one-on-one interviews with professionals from major ETFs, as well as a number of valuable appendixes, ETF Strategies and Tactics is a unique guide you will keep at your fingertips during your day-to-day activities.

Editorial Reviews

From the Back Cover

The first hands-on guide to tapping into the $335 billion ETF market

ETF Strategies and Tactics is an unprecedented guidebook covering the mechanics of ETFs, complete with approaches and techniques for hedging positions, preserving capital, and protecting assets from market volatility.

Led by former chairman of the Chicago Mercantile Exchange, Laurence Rosenberg, the expert team of authors behind ETF Strategies and Tactics provides valuable insight into:

• How ETFs work
• Unique characteristics of ETFs
• The people who trade ETFs
• The types of investors who own ETFs
• Advantages and disadvantages of ETFs

There is no clearer or more practical resource for learning how to use ETFs to hedge risk at low cost than this one-stop guide.

About the Author

Laurence M. Rosenberg is former chairman of the Chicago Mercantile Exchange and served on the Exchange's Board for more than 20 years. He is currently involved in international consulting through his own Chicago-based company, LRosenberg Consulting.

Neal Weintraub teaches at the Chicgo Mercantile Exchange and is director of education and strategy for World Wide Associates, Ltd.. He is the author of Tricks of the Active Trader (McGraw-Hill).

Andrew S. Hyman

is marketing director at Fiske Walter Capital Management. He also holds institutional and public seminars on exchange-traded funds.

Product Details

• Hardcover: 400 pages
• Publisher: McGraw-Hill; 1 edition (March 24, 2008)
• Language: English
• ISBN-10: 007149734X
• ISBN-13: 978-0071497343
• Product Dimensions: 9.1 x 6.4 x 1.3 inches
• Shipping Weight: 1.5 pounds (View shipping rates and policies)
• Average Customer Review: 3.9 out of 5 stars  See all reviews (8 customer reviews)
• Amazon Best Sellers Rank: #1,031,036 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

9 of 10 people found the following review helpful:

5.0 out of 5 stars Best of Breed & Best of Show!, May 9, 2008

By 

Mark Tinghino - See all my reviews
(REAL NAME)   

This review is from: ETF Strategies and Tactics: Hedge Your Portfolio in a Changing Market (Hardcover)

IMHO the best book out on the subject to date. ETFs are an extremely underutilized investment instrument, and this book fills a void and provides a clear and concise survey of the many exchange traded funds available today. Not only is it highly informative, but is written in a witty and entertaining style as well. If you are a serious investor, you probably should have a few ETFs in your portfolio, and here is the title to get you started. Well worth the cover price.

7 of 8 people found the following review helpful:

2.0 out of 5 stars I saw little strategy presented in this book, February 5, 2009

By 

William C. Ennis - See all my reviews
(REAL NAME)   

This review is from: ETF Strategies and Tactics: Hedge Your Portfolio in a Changing Market (Hardcover)

I was looking for strategic thought since the word strategy is all over the cover. What I got was basic information on ETF's and so I was a bit disappointed. I was expecting sample portfolios and how they might be hedged but saw nothing like this. The basic information presented was ok, but the book cover is misleading. New title:

"Basic Information on ETF's", but I guess that's not as sexy and I guess they would not have picked my pocket then - would they?

2 of 2 people found the following review helpful:

3.0 out of 5 stars Not a bad entry place for those learning the finer points of this instrument, November 24, 2009

By 

1000Books "1000Books" (NY,NY) - See all my reviews

This review is from: ETF Strategies and Tactics: Hedge Your Portfolio in a Changing Market (Hardcover)

This book had a lot of well organized information for understanding ETFs, what they are technically, what is involved in construction, maintenance, and trading them. It is definitely geared more towards the slightly above average individual trader. However, I did find explanations of mechanics interesting and helpful.

I found the interviews with a few of the major players in the industry at the end of the book very helpful as well. I particularly appreciated the question about short selling. Very insightful and telling of the distance between construction and trading.

Overall, I would recommend this book as an slightly better than entry into this seemingly straight forward product. I would say where it probably fell down the most was in the claim to discuss how to use these instruments as "hedges". Implicitly it seems obvious from an exposure standpoint; and in truth, the author does discuss some of the vagrancies between etfs. However, hedging is a bit more of an art; and in truth, would probably require another 300 pages to start to understand.